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N.J. gov signs $40M anti-foreclosure measure - USA TodayTRENTON, N.J. (AP) — Gov. Jon S. Corzine signed legislation Friday that provides $40 million for two programs aimed at keeping financially distressed homeowners from losing their homes to foreclosure. The bills are part of a package of legislation ...
NJ gov signs $40 million anti-foreclosure measure - WNYT(AP) TRENTON, N.J. - Gov. Jon S. Corzine signed legislation Friday that provides $40 million for two programs aimed at keeping financially distressed homeowners from losing their homes to foreclosure. The bills are part of a package of legislation ...
NJ gov signs anti-foreclosure measure - Bridgeton NewsTRENTON, N.J. (AP) — Gov. Jon S. Corzine signed legislation Friday that provides $40 million for two programs aimed at keeping financially distressed homeowners from losing their homes to foreclosure. The bills are part of a package of legislation ...
New Jersey governor signs anti-foreclosure measure - CNBCTRENTON, N.J. - New Jersey Gov. Jon S. Corzine signed legislation Friday that provides $40 million for two programs aimed at keeping financially distressed homeowners from losing their homes to foreclosure. The bills are part of a package of ...
Commercial real estate in for tough 2009 - TrentonianNEW YORK (AP) — The balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time ...
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