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News about Mortgages:
Water Tower Place - Chicago TribuneGeneral Growth Properties Inc. said late Sunday that its lenders have granted the heavily leveraged Chicago mall operator a two-week "interim extension" on $900 million of debt, allowing General Growth a bit of breathing room as it struggles to avoid ...
State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-ReviewIn a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...
Maid-Turned-Realtor Ran Vegas Mortgage Scam, Prosecutors Say - BloombergOct. 30 (Bloomberg) -- Eve Mazzarella was a Las Vegas success story. The high-school dropout and former housemaid moved to the Nevada city in 2000 from Seattle, got a certificate from the ABC Real Estate School and started selling houses in what ...
'Straw' buyers land loans - Las Vegas Review JournalThe pair, real estate agent Eve Mazzarella and husband Steven Grimm, recruited fake -- or "straw" -- buyers to apply for loans to buy 227 properties worth nearly $110 million. The recruits often were their own employees, people with good credit, who ...
Positive finance ratings expected - Delmarva NowSALISBURY -- Despite the tremors in world financial markets, Wicomico officials expect high marks again from New York rating agencies. Top county brass went to New York between last Wednesday and Friday and met with officials from Moody's Investors ...
Five Star Quality Care, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.comGood day everyone and welcome to the Five Star Quality Care third quarter 2008 earnings results conference call. This call is being recorded. At this time, for opening remarks and introductions, I would like to turn the conference over to the ...
Bank financing chosen over bond for school - Northern Virginia DailyFRONT ROYAL — The Warren County Board of Supervisors chose another way to fund renovations to the old Warren County High School. The board unanimously voted Tuesday to pursue bank financing instead of a bond from the Virginia Public Schools ...
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.
View all Terms