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Milwaukee reps get Joint Finance Committee posts - Milwaukee Journal SentinelNov. 13, 2008 5:37 p.m. | Madison - Two Milwaukee Democrats were named Thursday to the Legislature's powerful Joint Finance Committee - giving the state's largest city a consolation prize a day after Milwaukee was shut out of top leadership jobs in ...
St. Louis banks mull Treasury bailout - St. Louis Post-DispatchCheap money! Come and get it, bankers. Uncle Sam is opening the vaults at the Treasury. Oh, there will be strings attached, of course. And if your bank desperately needs the money, the government won't give it to you. That offer — phrased more ...
Howard planners give conditional OK to GGP proposal for Columbia - TradingMarkets.comIn a 76-page report, the county's Department of Planning and Zoning praises developer General Growth Properties' ideas as "interesting and innovative." At the same time, the department asks that the company meet certain requirements, such as for ...
Mortgage refinancing rush is on - Milwaukee Journal SentinelExperts say everybody's case is unique and depends on the type and status of the mortgage, refinancing costs, overall finances and plans for the home. But there are some common factors to consider: How long will it take to recover the up-front costs ...
Pilgrim's Pride shares fall on reports it won't seek bankruptcy - Dallas Morning NewsMILWAUKEE Shares of Pilgrim's Pride Corp. fell 23.5 percent Friday after reports the nation's largest chicken producer would most likely not seek bankruptcy protection and would focus on crafting a new business plan to address some of its weaknesses ...
Pilgrim's Pride at end of temporary credit line - USA TodayMILWAUKEE (AP) — The sky could be falling on Pilgrim's Pride Corp., the chicken industry's biggest producer. With its temporary financing ending on Tuesday and credit markets tight all around, the company faces an uncertain future. Some analysts ...
McCain questions Obama - Milwaukee Journal SentinelSelf-described underdog John McCain wrapped up a two-day Wisconsin campaign swing Friday by questioning the truthfulness of his opponent and the wisdom of political pundits now predicting his defeat. "How many times, my friends, have the pundits ...
Buy Real Estate Now - ForbesOn Halloween, Radar Logic published a new compendium of housing for the year ending in August. The results were frightening: House prices have held up in just a precious few cities (Milwaukee, up 3%; Columbus, flat; Charlotte, down 3%). All the big ...
Dropping Anchor: Bank's stock plummets, but officials optimistic about ... - Wisconsin State JournalMadison's largest home-grown bank is smarting. Stung by a series of problem loans -- including $48 million in a bankrupt downtown Milwaukee condo project -- AnchorBank has seen its stock price plummet and its balance sheet deteriorate. Shares of ...
Wednesday, November 12 - News.com.auTWO men wearing balaclavas have forced their way into a Pizza Hut, escaping with an amount of cash at Marden tonight. A 13-YEAR-OLD boy and a girl, 15, have been arrested after threatening a war veteran with scissors before stealing his car. TOTAL ...
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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