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Cleveland St. beats Fla. International 66-58 - FOX News
MIAMI — J'Nathan Bullock scored 16 points to lead Cleveland State to a 66-58 win against Florida International on Wednesday night. Bullock also chipped in seven rebounds and two blocks for the Vikings (4-2), who shot 46.2 percent (24 of 52) from ...

Quinn done for season with broken finger - FOX News
Crennel said Wednesday that Quinn is weighing options of resting the injury or having surgery. Quinn, who broke the tip of the finger on his throwing hand Nov. 17 at Buffalo, tried to play with the injury last Sunday against Houston. Following the 16 ...

Kucinich to Bernanke: Public Deserves More Time to Comment on ... - Common Dreams
Congressman Dennis Kucinich (D-OH) yesterday sent a letter to the Chairman of the Federal Reserve Bank, Mr. Ben Bernanke, asking him to overrule a decision by the Deputy Secretary of the Federal Reserve Board, Mr. Robert Frierson, in order to ...

Kucinich: More time for public comment on NCB takeover - WKYC
WASHINGTON D.C. -- Congressman Dennis Kucinich (D-OH) sent a letter Sunday to Federal Reserve Bank Chairman Ben Bernanke, asking him to overrule a decision by Robert Frierson, the Deputy Secretary of the Federal Reserve Board, in order to accommodate ...

Beachwood Place owner receives loan extensions - Cleveland Plain Dealer Blog
General Growth Properties , the real estate investment trust that owns Beachwood Place mall, has been given more time to deal with $900 million in debt that was due Friday. The mall owner and operator announced late Sunday that it has reached an ...

AmTrust ordered to improve finances - Cleveland Plain Dealer Blog
AmTrust Bank of Cleveland is under fire from federal regulators for not having enough money in reserves, and it has been ordered to not make any new loans for land acquisition, development or speculative residential construction. The bank, which was ...

U.S. Bank poised to grow bigger, stronger - Minneapolis Star Tribune
The boss at the biggest Minnesota-based bank says federal regulators will have to get some pension funds, endowments and other investors who own about three-quarters of the nation's mortgages to accept new terms to stem a wave of foreclosures and ...

General Growth shares jump after Pershing Square buys stake - Arlington Heights Daily Herald
General Growth Properties Inc., the shopping-mall owner that said this month it may file for bankruptcy, jumped as much as 98 percent after William Ackman's Pershing Square Capital Management LP, a hedge-fund manager, bought a 20 percent interest ...

General Growth Jumps After Pershing Square Buys Stake (Update2) - Bloomberg
Nov. 25 (Bloomberg) -- General Growth Properties Inc. , the shopping-mall owner that said this month it may file for bankruptcy, jumped as much as 100 percent after William Ackman ’s Pershing Square Capital Management LP, a hedge-fund manager ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC 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 ...

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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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