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Employee robbed at Citgo on northwest side - Milwaukee Journal Sentinel
The man asked the victim for help with a stalled car, police said. Once the two were outside, the man implied that he had a handgun and robbed the victim. Police did not say how much money was taken. The suspect is described as a black male, 6 feet ...

Foreclosures in Hampton Roads more than triple in past year - HamptonRoads.com
Foreclosure activity in Hampton Roads continued to climb last month and has increased more than threefold since last year as more banks repossessed homes in the region and homeowners struggled to pay mortgages, a report to be released today found ...

Refinancing available to vets with subprime loans - HamptonRoads.com
Veterans with conventional home loans now have new options for refinancing to a loan guaranteed by the Department of Veterans Affairs, according to a news release. These new options are available as a result of the Veterans’ Benefits Improvement ...

McCain: ‘They forgot to let you decide’ - News-Virginian
VIRGINIA BEACH — Sen. John McCain exhorted a crowd of about 16,000 supporters Monday to fight with him to erase a deficit in the national polls three weeks before the presidential election. “Let me give you the state of the race today and some ...

Mortgage crisis has turned homeownership upside down - Daily Press
Joey Goldner had a $729,000 mortgage on a Highland Park home that he eventually sold for $450,000. ( Tribune photo by Chris Walker / October 9, 2008) Joey Goldner always approached real estate with a gardener's zeal. He'd plant his money in a ...

'They forgot to let you decide' - Inrich.com
Sen. John McCain exhorted a crowd of about 16,000 supporters yesterday to fight with him to erase a deficit in the national polls three weeks before the presidential election. "Let me give you the state of the race today and some straight talk ...

Jeremy Warner: De-risking of RBS is the major challenge for the new ... - The Independent
Outlook Few new brooms face as much of a clean-up challenge as Stephen Hester at Royal Bank of Scotland. Yet it is not so much of a long hard slog that the former British Land boss has to look forward to as a gruelling regime of extreme weight loss ...

O'Brien's blog - Atlanta Journal Constitution
The entry titled "Which Braves prospects are untouchable?," and any of the comments about it. Philadelphia — I’m in chilly Philly and Braves officials are not. But neither are officials from most other teams, save for the participating Phillies ...

She didn't see 'red flag' about tough mortgage - Daily Press
If you wonder what sort of person would get suckered into a subprime mortgage she couldn't afford, the answer might surprise you. Try college-educated. Try high school teacher. Try grandmother. Try a single, middle-aged working stiff who was offered ...

What is the single most important ramification of the election? - Atlanta Journal Constitution
Before I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...

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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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