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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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Washington mortgage quotes news:
Financial News
Mortgage Guru Answer Questions - Hispa MP3
Com helps entrepreneurs, small and growing businesses, consultants and business professionals save time and money by addressing real-world. The Insolvency Network team has extensive commercial experience in business and personal insolvency procedures ...

(Adds White House comment, Paulson quotes, detail, byline) - Reuters
WASHINGTON, Oct 9 (Reuters) - The U.S. Treasury Department plans to start directly injecting capital in U.S. banks as soon as the end of October in exchange for passive investment stakes, according to a financial policy source familiar with Treasury ...

Stock & fund quotes - ninemsn
The cost of writedowns for financial institutions with exposure to the US mortgage market is expected to blow out to $US1.4 trillion ($A1.97 trillion), according to the latest International Monetary Fund estimates. The figure, contained in the ...

US August pending home sales index rises 7.4% to highest level since ... - Forbes
WASHINGTON (Thomson Financial) - Pending home sales surged unexpectedly in August to its highest level in more than a year as buyers took advantage of lower home prices and a drop in interest rates that followed the government takeover of mortgage ...

UPDATE 3-Paulson says US planning to buy financial equity - Forbes
WASHINGTON, Oct 10 (Reuters) - The United States is developing plans to buy equity stakes in financial institutions, providing another weapon in its war against financial market turmoil, U.S. Treasury Secretary Henry Paulson said on Friday. Providing ...

McCain, Obama clash over economic crisis - The Washington Times
NASHVILLE, TENN. (AP) - Barack Obama and John McCain clashed repeatedly over the causes and cures for the worst economic crisis in 80 years Tuesday night in a debate in which Republican McCain called for a sweeping $300 billion program to shield ...

McCain pledges homeowner help - The Washington Times
NASHVILLE, Tenn | Sen. John McCain unveiled a sweeping new proposal to prevent Americans from losing their homes as both presidential candidates sought Tuesday night in their second debate to convince undecided voters that they were best-equipped to ...

U.S. to take stake in banks, first since Depression - San Diego Union-Tribune
WASHINGTON – The government will buy an ownership stake in a broad array of American banks for the first time since the Great Depression, Treasury Secretary Henry Paulson said late Friday, announcing the historic step after stock markets jolted ...

Some of the quotes from this speech include: - Huffingtonpost.com
"I would like somebody who knows about a bunch of stuff that I'm not as expert on. I think a lot of people assume that might be some sort of military thing to make me look more Commander-in-Chief-like. Ironically, this is an area--foreign policy is ...

Could chaos still help McCain? - Detroit News
Politics ordinarily has a certain predictability. Yet presidential politics this year has often seemed to resemble what science writer James Gleick described in his book "Chaos." "Chaos," he quotes one physicist as saying, "eliminates the Laplacian ...

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