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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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Stephens mortgage loan news:
Not Everyone Should Own a Home - Wall Street JournalMaybe only a friendly foreigner could say this. But America needs to realize that not everyone can own a home. The American Dream of home ownership for all is a fraud. Politicians who pimped this dream created an unsustainable mortgage industry whose ...
Showing entries for Category: Rezko - San Francisco ExaminerShortly after being sworn in as a U.S. Senator in January 2005, Obama bought a Georgian mansion in an upscale Chicago neighborhood. Obama bought the house for $300,000 less than the asking price of $1.95 million. The Obamas' income had just risen ...
Banks should be safe - Shelby ReporterPeople worried about their money in Shelby County banks can rest easy at night, banking officials say. Two local branch presidents said banks here are safe because they didn’t buy into the subprime mortgage hype. “We’ve always been conservative ...
Credit getting tougher to come by - Northern Virginia DailyIt's back to basics if you're in the market for a home or a car, are looking to start a business, or are in need of some furniture and appliances. First and foremost, that means making sure you have good credit when you go to finance the purchase ...
Arrest made in murder case - Log Cabin DemocratA Jacksonville man has been charged with the murder of a woman whose remains were found Tuesday in a wooded area in a Jacksonville industrial park. George Alan Smith, 33, was arrested late Thursday night and charged with capitol murder after day-long ...
More than 900 charged with Katrina, Rita fraud - New Orleans Times-PicayuneWASHINGTON -- More than 900 people across the United States have been charged with crimes relating to contracts or false claims for government help associated with Hurricanes Katrina or Rita, according to a new report by the Justice Department. The ...
Barack Obama and the Strategy of Manufactured Crisis - American ThinkerAmerica waits with bated breath while Washington struggles to bring the U.S. economy back from the brink of disaster. But many of those same politicians caused the crisis , and if left to their own devices will do so again. Despite the mass media ...
Stephens sees opportunities - Arkansas TimesArkansas Business has a report on a memo Warren Stephens circulated in the Stephens financial empire today. They are cool in the current financial meltdown, thanks to modest leveraging of assets and heavy investment in conservative securities. He ...
U.S. toxic-debt plan, short-selling curbs lift markets - ReutersNEW YORK (Reuters) - The U.S. government curbed short-selling and guaranteed money-market mutual funds on Friday as it worked on a sweeping bailout to mop up hundreds of billions of dollars in toxic mortgage debt, sending global stock markets soaring ...
TOPWRAP 2-U.S. readies massive toxic-debt plan - ForbesNEW YORK, Sept 20 (Reuters) - The U.S. government is preparing a sweeping bailout to mop up hundreds of billions of dollars in toxic mortgage debt, after curbing short-selling and guaranteeing money-market mutual funds in an effort to bring stability ...
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