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News about Mortgages:
Kashkari: Treasury considering mortgage rate plan - Buffalo NewsThe head of the government's financial system rescue effort said Thursday the Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market. Under the proposal being ...
Bernanke wants more action to curb foreclosures - Buffalo NewsAP Economics Writer Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. Beaten-down ...
US plans to help homeowners refinance - Buffalo NewsAssociated Press Writers Federal regulators told Congress Thursday they're working on a plan that could help many distressed homeowners escape foreclosure in a global financial crisis that Federal Reserve Chairman Alan Greenspan warned will get worse ...
Titans stay undefeated, Bengals get first win - FOX NewsThe Tennessee Titans still have their sights set on perfection, thanks to Rod Bironas' right leg. Bironas redeemed himself for an earlier miss by kicking a 41-yard field goal with 9:36 to go in overtime that led the undefeated Titans to a 19-16 ...
Mortgage rates fall for 2nd day; won’t help all - Buffalo NewsMIAMI — Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven’t seen this year. That drop is what the Federal Reserve was aiming for when it announced a plan Tuesday to buy $600 ...
Sports figures victorious on election night - FOX NewsBasketball's Kevin Johnson became mayor of Sacramento, Calif., while Heath Shuler and Sam Wyche scored victories that had little to do with football Tuesday on a night when more than a dozen sports figures ran for office. Joe Mesi, once one of boxing ...
Omaha to issue $18 million in new bonds for city improvements - Omaha World-HeraldThe City of Omaha is moving ahead with plans to sell bonds to pay for street, sewer and other improvements. The city will attempt to sell $18 million in new bonds today. Officials had been unsure whether the sale would take place because of turmoil ...
Paulson Pulls Bait and Switch, Let's Pull One of Our Own - OpEdNews.comWait a Wall Street minute! That’s exactly what the American taxpayers did NOT want to happen. The whole idea of approving something as distasteful as a bailout of Wall Street was that it had to ensure that it’s focus was to reduce foreclosures on ...
Hip-Hop Rumors: Britney Spears Blames Rap For Divorce? Khaled Sells ... - allhiphop.comNo real two cents today...just R.I.P. to MC BREED. Also, don't forget to read The Top 10 Worst Fads In Hip-Hop History (Part 1 of 2) . Part 2 is on the way. I have to type it up and get it up on the site. IF YOU SEE SOMETHING, SAY SOMETHING ...
Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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