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UPDATE 1-Oz Minerals gets less time to refinance debt - CNBCSYDNEY, Dec 1 (Reuters) - Australian miner Oz Minerals Ltd , facing sharp falls in selling prices for its minerals, was given one month instead of two by its lenders to come up with a way to refinance $560 million in debt, it said on Monday. Oz ...
Pistons pound Knicks 110-96 - FOX NewsAUBURN HILLS, Mich. — Richard Hamilton led a balanced attack with 17 points and the Detroit Pistons beat the undermanned New York Knicks 110-96 Wednesday night. The Pistons had eight players score between 10 and 17 points, and Michael Curry didn't ...
UPDATE 2-Metrovacesa to offer HSBC HQ to bank for $1.3 bln - Invertia ChileMADRID/LONDON, Nov 28 . - Indebted Spanish property company Metrovacesa wants HSBC to buy back a landmark London skyscraper it bought from the bank less than two years ago after failing to refinance debt secured on the asset. At a board meeting last ...
Metrovacesa to offer HSBC HQ to bank for $1.3 bln - Guardian UnlimitedMADRID, Nov 28 (Reuters) - Spanish property company Metrovacesa said on Friday it had agreed at a board meeting to propose to HSBC that the bank buy back the HSBC tower for 838 million pounds ($1.29 billion). HSBC sold its London headquarters in ...
2 hurt when 1-ton palm tree top hits Calif. home - FOX NewsLOS ANGELES — The 2,000-pound top section of a palm tree has crashed through the roof of downtown Los Angeles home, and two women sleeping inside had minor injuries when they were showered with drywall and debris. The crown of the 40-foot palm ...
Stock & fund quotes - ninemsnSYDNEY, Dec 1 (Reuters) - Australian miner Oz Minerals Ltd
, facing sharp falls in selling prices for its minerals, was given one month instead of two by its lenders to come up with a way to refinance $560 million in debt, it said on Monday ...
Mortgage rates fall for 2nd day; won't help all - Syracuse Post-Standard
MIAMI (AP) — Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven't seen this year. That drop is what the Federal Reserve was aiming for when it announced a plan Tuesday to buy ...
Mortgage rates slide again - Seattle Times
MIAMI — Mortgage rates fell for the second day in a row Wednesday and could be heading toward levels not seen this year. That drop is what the Federal Reserve wanted when it announced a plan Tuesday to buy $600 billion in mortgage-related ...
Columbia Association board members split on downtown development plan - Howard County Times
Howard County Council members are not the only ones who will have to approve General Growth Properties’ plan to redevelop downtown Columbia in the coming months. Because it owns several parcels of land in downtown, including Symphony Woods, the ...
Mortgage rates fall for 2nd day; won’t help all - Buffalo News
MIAMI — Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven’t seen this year. That drop is what the Federal Reserve was aiming for when it announced a plan Tuesday to buy $600 ...

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