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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Liberty refinance mortgage news:

FHA-BACKED LOANS - Der Spiegel
The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

New mortgage aid plan may stall in the details - Atlantic City Press
The U.S. Department of Housing and Urban Development has begun offering a new program to help homeowners facing the risk of foreclosure. Starting this month, Hope for Homeowners will refinance the mortgages of qualifying homeowners having trouble ...

Maid-Turned-Realtor Ran Vegas Mortgage Scam, Prosecutors Say - Bloomberg
Oct. 30 (Bloomberg) -- Eve Mazzarella was a Las Vegas success story. The high-school dropout and former housemaid moved to the Nevada city in 2000 from Seattle, got a certificate from the ABC Real Estate School and started selling houses in what ...

Commercial Lending - Daily Business Review
espite a massive global effort to free up credit markets, financing still eludes many big borrowers, including developers of several high-profile projects in South Florida who face looming deadlines to refinance loans. Billions of dollars worth of ...

Non-bank lenders 'ripping off homeowners' - News.com.au
DOZENS of non-bank lenders have failed to pass on successive interest rate cuts to borrowers as politicians ignore their greedy tactics. While both sides of politics pressure the big banks to pass on official interest rate cuts, non-bank lenders are ...

Credit crunch: Loans available, but down payments may rise - Fayetteville Observer
A: You may need a down payment — or you may not. Loans covering 100 percent of a home purchase are still available to some buyers, said Janiece Brewer, owner of Liberty Point Mortgage. For example, the VA still provides such loans to qualified ...

Loans reach new depths - Age
In late 2005, Mandy, a 55-year-old postal worker from the NSW Central Coast, heard an advertisement on her radio for a company called Professional Funding Group. The ad, offering credit to people having trouble making ends meet, was of great interest ...

Register for FREE - Wall Street Journal
The email address you have entered is already in use. Please re-enter the email address. Speed dating: Lehman was actively shopping itself to potential buyers that include Bank of America. The Fed and Treasury have been working with Lehman to help ...

Socialism as Moral Hazard - American Thinker
I was taken aback the other day by a self-revelatory little piece by a college professor in the early years of her career. She has a doctorate, and things just aren't working out! I do hope for her sake that the name on the article is a pseudonym ...