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

Cole mortgage loans news:

Mortgage lending plunges nearly 70% - Western Telegraph
Mortgage lending collapsed during October, diving by nearly 70% to reach the second lowest figure on record, the Bank of England said. Just £459 million was advanced during the month, well down on September's £1.49 billion and only 6% of the level ...

Berkshire County Real Estate Transactions - Berkshire Eagle
Wells Fargo Bank National Association, Countrywide Home Loans Servicing LP, Securitized Asset-Backed Receivables LLC 2005-Fr3 Mortg and Countryside GP LLC sold property at 47 Valley St., Adams, for $59,900 to Stephen T. Meczywor. Federal National ...

As mortgages went bad, executives cashed out - Los Angeles Times
FAILED: Former executives of bankrupt Irvine mortgage lender New Century Financial are under a federal criminal investigation into their stock trades. No charges have been filed. Above, the company’s headquarters in May 2007. While Irvine subprime ...

Glenn Koenig / Los Angeles Times - Los Angeles Times
In March 2007, New Century disclosed in an SEC filing that federal investigators were "conducting a criminal inquiry under the federal securities laws in connection with trading in the company's securities, as well as accounting errors regarding the ...

Letters, 11/25: Face the consequences - Lincoln Journal Star
Why should homeowners who are behind on their mortgage payments be helped by the government or banks to avoid foreclosure? If you are going to spend money you don’t have, you should have to suffer the consequences. My parents have made every ...

The Other Credit Crunch - Newsweek
Julie Basem was 20, living in New York, and pursuing her dream of becoming a Broadway dancer when a knee injury knocked her off stage. She had insurance, but it barely covered her treatment, and her savings were meager. The bills piled up—some $40 ...

Local Video - CBS 2 New York - Yahoo News
Fed. Reserve Boosts Mortgage-Lending With Rate Cut CBS 2 New York - 1 hour, 57 minutes ago Contributing to the Wall Street rally was the government's new plan to boost mortgage lending. The Federal Reserve is giving the market a $500 billion dollar ...

Search Results from beSpacific - BeSpacific
CBO Background Paper: The Outlook for Housing Starts, 2009 to 2012 - November 2008 "This background paper examines the various factors that have determined the number of housing starts in the United States in the past and will continue to... "The ...

Fishing lobster not what it used to be - The Chronicle Herald
Lobster boat skipper Danny Shand of Clark’s Harbour, Shelburne County, faces the lobster season with concerns about market prices. (BRIAN MEDEL / Yarmouth Bureau) EDITOR’S NOTE: How is the global economic crisis affecting Nova Scotians? We answer ...

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 ...