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Coming under liberating judgement - EkklesiaReadings: Matthew 25. 14-30; 1 Thessalonians 5. 1-11; Zephaniah 1.7, 12-18. To be Christians is to rediscover ourselves, our priorities, our thoughts, our actions, our neighbours, the world and God – and to do so through the company of Jesus. When ...
Korean Won Falls Most Since 1997, Stocks Drop on S&P Warning - BloombergOct. 16 (Bloomberg) -- South Korea's won slumped by the most since the International Monetary Fund bailed the nation out in 1997, after Standard & Poor's said banks may struggle to refinance their debt. The Kospi stock index tumbled as much as 10 ...
Bernanke Backs More Stimulus, Citing `Weak' Outlook (Update3) - BloombergOct. 20 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke endorsed additional fiscal stimulus, saying the credit crunch is ``hitting home'' as Americans find it harder to get loans, threatening a prolonged economic slump. Lawmakers ``should ...
Greenspan Admits Errors to Hostile House Panel - Wall Street JournalAlan Greenspan, lauded in Congress while the economy boomed, conceded under harsh questioning from lawmakers that he had made mistakes during his long tenure as Federal Reserve chairman that may have worsened the current slump. In a four-hour ...
Petrol companies told to cut prices at pumps - Times OnlinePetrol and energy suppliers came under fire from ministers yesterday in an attempt to shame them into cutting pump prices and household bills. Emboldened by international praise for tackling the banking crisis, Gordon Brown accused petrol retailers ...
What is the single most important ramification of the election? - Atlanta Journal ConstitutionBefore 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 ...
HICKS DENIES ANFIELD EXIT PLAN - Sporting LifeTom Hicks' spokesman insists the Liverpool co-owner has no intention of selling his Reds stake to Dubai International Capital or anyone else. A year ago this month, DIC were stunned by the last-minute failure of their bid to take control of the club ...
The Fed's dirty little $2 trillion secret - Bloggingstocks.comThe Federal Reserve has lent out $2 trillion worth of your money -- but it refuses to say who got it or on what terms. We already know that $29 billion worth went to JPMorgan Chase (NYSE: JPM ) -- to shift the worst junk on Bear Stearns' balance ...
How to Trim FAFSA’s Fat - Inside Higher EdThe complexity of the federal financial aid process is among the more obvious, and ostensibly, fixable reasons cited to explain why low-income students are far less likely to attend college than their peers. So far, despite efforts on multiple fronts ...
John S.W. MacDonald - New York ObserverA new Health Department website tracks the spread of rats throughout the city. [NYDN] According to the Health Department’s Rat Information Portal, Williamsburg and Greenpoint have more rats than south and central Brooklyn, while Bushwick and Bed ...
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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