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Pike officials pushing tolls as hedge against swaption costs - Belmont Citizen-HeraldMassachusetts Turnpike Authority officials are warning lawmakers that millions in Big Dig debt could explode if House efforts to limit toll increases, with a gas tax hike or by stripping the agency of toll-levying power, gain traction. Turnpike ...
Pitt's Blair expected to play despite knee scare - FOX NewsPITTSBURGH — Pitt center DeJuan Blair is expected to play Friday night when the No. 4 Panthers face Texas Tech in Newark, N.J. Blair developed swelling in his right knee before sitting out Pitt's 74-60 victory over Belmont on Tuesday night. An MRI ...
Davidson wins in rout despite Curry not scoring - FOX NewsThe nation's leading scorer was held without a point as Loyola, Md. employed a triangle-and-2 defense against Curry with both defenders on him. Despite Curry going scoreless, the game was never in doubt as 24th-ranked Davidson routed Loyola 78-48 on ...
Affordable Housing in Massachusetts Gets $10.2 Million Infusion - EarthtimesBOSTON , Nov. 26 /PRNewswire/ -- The Federal Home Loan Bank of Boston (the Bank) awarded more than $10.2 million as grants, loans, and subsidies to fund 390 units of affordable rental and ownership housing in seven Massachusetts communities. Of that ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Paul Miller - Chicago TribuneFrom Tribune news services Shares of Citigroup Inc. and other financial stocks soared Monday on a bet that a long line of government-funded financial bailouts could be nearing a close. But if the last few months have demonstrated anything, it's that ...
McCain, Obama push hard on records, vision for nation - Boston GlobeSpeaking directly to undecided voters, Senator John McCain challenged rival Barack Obama last night in their second debate on his reform vision for the country, asserting that Obama's record belied his rhetoric on lowering taxes, reining in ...
Obama, McCain clash in second debate - Las Vegas SunRepublican presidential candidate Sen. John McCain, R-Ariz., answers questions from debate moderator Tom Brokaw as Democratic presidential candidate Sen. Barack Obama, D-Ill., listens during a townhall-style presidential debate at Belmont University ...
McCain pledges homeowner help; Obama blames Bush policies - The Washington TimesNASHVILLE, Tenn | Sen. John McCain unveiled a sweeping $300 billion proposal to prevent Americans from losing their homes as both presidential candidates sought Tuesday night in their second debate to convince undecided voters that they were best ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. At Monday night’s Presidential Debate, John McCain dropped an economic bomb: he suggested that the U.S. Treasury should buy up mortgages and ...
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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