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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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Clear Creek mortgage loans news:
Financial News
Workday Inc. is moving to Pleasanton - San Francisco Gate
Thursday, December 4, 2008 Workday Inc. plans to announce today that is it moving its headquarters to Pleasanton Corporate Commons, a business park adjacent to Stoneridge Mall. The nearly 70,000-square-feet of space was previously occupied by E-Loan ...

PART 14 REPORT OF THE SENATE SELECT COMMITTEE INVESTIGATING THE SOCIAL ... - Amandala
The SSB created the problem when it sold the Mortgage Loans to the RMB in the Eastern Caribbean Program and to the DFC in the North American Program, and represented that these Mortgage Loans, which it claimed to have purchased from St. James, were ...

John S.W. MacDonald - New York Observer
As this blog encompasses culture, I suppose we’re contractually obligated to mention this year’s Grammy nominations. So here goes… The lucky nominees were announced last night at LA's Nokia Theatre during a live televised event that CBS humbly ...

State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-Review
In a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...

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