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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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Morgan mortgage loans news:

Investors sue Countrywide to force loans purchase - Reuters
NEW YORK (Reuters) - A group of bond investors on Monday sued Bank of America (BAC.N: Quote , Profile , Research , Stock Buzz )-owned Countrywide Financial demanding that Countrywide buy every mortgage loan for which it agrees to reduce the payments ...

Commercial loan 'nightmare' projected for 2009-JPMorgan - Finanz Nachrichten
NEW YORK, Dec 1 (Reuters) - An accelerated downturn in commercial real estate next year may spark a wave of borrowers pushing for easier terms on loans that are otherwise heading into default, according to JPMorgan Chase ( News / Aktienkurs )&Co ...

How To Cope With The Flood Of Foreclosures? - Forbes
Despite soaring foreclosure rates, President Bush and other Republicans have not made this a top priority, and Treasury Secretary Henry Paulson has refused to draw on the $700 billion rescue fund to help homeowners, saying that saving financial ...

Banks tipped to pass on interest rate cuts - News.com.au
THE Federal Government is confident banks will pass on today's expected interest rate cut, tipped to be three-quarters of a percentage point. JP Morgan economist Helen Kevans, who forecast a 75 basis point cut, said the Reserve Bank was concerned ...

Government bond yields hit fresh lows - Seattle Post Intelligencer
NEW YORK -- Yields on long-term U.S. government debt sank to record lows Monday as worries about mounting economic problems touched off another investor rush to safety. Wall Street found fresh reason for concern about a protracted recession Monday ...

Fitch Downgrades 9 Classes of J.P. Morgan Chase Comm'l Mtge Secs Corp ... - PR Inside
Fitch Ratings downgrades and assigns Distressed Recovery (DR) ratings and Rating Outlooks to the following classes of J.P. Morgan Chase Commercial Mortgage Securities Corp., Series 2005-CIBC12 as follows: --$24.4 million class G to 'BBB-' from 'BBB ...

HK shares slide 5 pct on grim data; HSBC plunges - Guardian Unlimited
HONG KONG, Dec 2 (Reuters) - Hong Kong shares tumbled nearly 5 percent on Tuesday, with Chinese financial and property stocks leading the slide, as grim manufacturing data from mainland China and the U.S. fuelled fears of a deepening global recession ...

Coastal Post Online - Coastal Post News
"Thou hast taken usury and increase, and thou hast greedily gained of thy neighbors by extortion, and thou hast forgotten me saith the Lord.-Ezekiel 22:12 (King James Version)" "Let us Prohibit in effective fashion all corporations from making ...

Kill the competition: Deserting Tesco ... Recession official ... - Times Online
The Times : Tesco's customers are defecting to its supermarket rivals Asda and Morrison at record rates, suggesting its discount-focused marketing backfired. New York Times : The National Bureau of Economic Research officially declared the US went ...

2008: Year of global financial crisis - Economic Times
The biggest financial crisis since the Great Depression nearly 80 years ago has hit the world this year. Here are some key dates: January 11: Bank of America pays $4 billion for Countrywide Financial after the mortgage lender goes bust when risky ...