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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.

View all Terms
Jenkins mortgage loan news:
Financial News
Citigroup Gets Guarantees on $306 Billion of Assets (Update3) - Bloomberg
Nov. 24 (Bloomberg) -- Citigroup Inc. , facing the threat of a breakup or sale, received $306 billion of U.S. government guarantees for troubled mortgages and toxic assets to stabilize the bank after its stock fell 60 percent last week. Citigroup ...

Erie County Real Estate Transactions - Buffalo News
• 63 Fairlawn Drive, Edmund Karnofsky to Squire Shop Inc., $348,700. • 92 South Rockingham Way, GMAC Mortgage Llc to John F. Marcolini; Angela J. Marcolini, $340,000. • 248 Running Brook Lane, Drew A. Gundlach; Sandra L. Gundlach to Robert M ...

Citigroup Gets U.S. Rescue From Losses, Cash Infusion (Update3) - Bloomberg
Nov. 24 (Bloomberg) -- Citigroup Inc. received a U.S. government rescue package that shields the bank from losses on toxic assets and injects $20 billion of capital, bolstering the stock after its 60 percent plunge last week. The second-biggest U.S ...

Shareholders approve UBS bailout plan - Swiss Info
Shareholders at Switzerland's largest bank, UBS, have voted in favour of a $60 billion (SFr72 billion) rescue package from the Swiss National Bank (SNB). The bailout plan, announced last month, was approved at an extraordinary general meeting in ...

Citigroup rescued from losses, toxic assets - The Age
Citigroup received a US government rescue package that shields the bank from losses on toxic assets and injects $US20 billion of capital, bolstering the stock after its 60% plunge last week. The second-biggest US bank by assets surged as much as 72.4 ...

November 2008 - ABC News Blogs
ABC News' Huma Khan Reports: Rep. Ron Klein, D-Fl., is reminding Americans to claim their money -- a total of 383,000 checks worth $266 million that could not be delivered by the U.S. Postal Service. It includes $163 million in economic stimulus ...

Jenkins Says Canada Bank May Cut Interest Rate Again (Update1) - Bloomberg
Nov. 12 (Bloomberg) -- Bank of Canada Senior Deputy Governor Paul Jenkins said policy makers will probably cut interest rates again amid ``major shocks'' including a global credit crisis, faltering economic growth and lower prices for commodity ...

It's not only the Queen. We're all screaming for an answer - Guardian Unlimited
The latest Occam's razor award goes to Her Majesty the Queen. In the unlikely surroundings of the London School of Economics, she last week cut to the quick. Describing the credit crunch as "awful", she tapped a gilded economist on the proverbial ...

Canada May Triple Bank Mortgage Purchases to C$75 Bln (Update2) - Bloomberg
Nov. 12 (Bloomberg) -- Canada expanded measures to help banks get through a global credit crisis and to keep up with backstops offered elsewhere, buying up more mortgages and other debt and offering cheaper loan insurance. Finance Minister Jim ...

Wachovia Names David Pope President for Mortgage and Retail Credit ... - PR Newswire
CHARLOTTE, N.C., Jan. 24 /PRNewswire-FirstCall/ -- Wachovia Corporation announced today that David Pope has been named president of Wachovia Mortgage and Retail Credit. In his new role, Pope will be responsible for leading the daily sales ...

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