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Hawaii sells $227.8M in bonds - Pacific Business News
Hawaii sold $227.8 million of general obligation bonds to fund various capital projects, Gov. Linda Lingle announced Wednesday. The sale included $26 million of taxable bonds to complete the acquisition of Kukui Gardens housing project. The state ...

State sells bonds to finance new infrastructure - KPUA.net
HONOLULU (AP) _ The state has sold nearly $228 million in general obligation bonds. The action comes more than two months after it postponed a larger bond sale because of declining economic conditions. Governor Lingle announced proceeds from the sale ...

State of Hawaii Sells $227 Million in Bonds - KGMB9
Governor Linda Lingle announced today that the State of Hawai'i successfully sold $227.8 million of general obligation bonds to fund various capital projects of the State, including public school facilities, University of Hawai'i projects and other ...

State reschedules $634M bond issuance for Dec. 1 - Honolulu Advertiser
The state is about to try a $634 million bond issue again after postponing a planned September sale because of financial turmoil at the time. Fitch Ratings said the issue is planned for Dec. 1, roughly 10 weeks after the sale was originally to take ...

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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