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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.

View all Terms
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Lawyer: Rep. Rangel paid no mortgage interest on beach house for more ... - Chicago TribuneWASHINGTON (AP) _ Rep. Charles Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful House committee chairman said Friday. The New York congressman's lawyer, Lanny Davis, told The Associated ...
Rates on 30-year mortgages decline to the lowest level since mid-July ... - Baltimore SunWASHINGTON (AP) _ Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.35 percent this week, down ...
U.S. to take control of Fannie and Freddie: reports - ReutersWASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could ...
Reuters Business Summary - Washington PostU.S. to take control of Fannie and Freddie: reports WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) under federal control, the New York Times ...
US government to take control of Fannie, Freddie-papers - ForbesWASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ) under federal control, the New York Times and ...
Fannie, Freddie shares fall after report of bailout - ReutersNEW YORK (Reuters) - Shares of mortgage finance companies Fannie Mae (FNM.N: Quote , Profile , Research , Stock Buzz ) and Freddie Mac (FRE.N: Quote , Profile , Research , Stock Buzz ) dropped in after-hours trade on Friday, on concerns any U.S ...
Paulson Intends to Use New Power to Restructure Fannie, Freddie - BloombergSept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson will use his authority to rescue Fannie Mae and Freddie Mac , likely placing the beleaguered mortgage-finance companies under government control as early as this weekend. ``Late yesterday I ...
FINRA bars brokers for misconduct in mortgage debt - Guardian UnlimitedNEW YORK, Sept 4 (Reuters) - The Financial Industry Regulatory Authority said on Thursday it barred two brokers and suspended a third for misconduct in selling complex mortgage-backed securities to retail customers, its first penalties in an ...
Florida tops 1Q mortgage fraud list - Associated PressNEW YORK (AP) -- Reported incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases, according to industry data released Monday. Properties in the Sunshine State accounted for nearly a quarter of all ...
John McCain, Barack Obama enter final 8 weeks of their historic, close ... - Minneapolis Star TribuneThis is one of today's headlines from New York Times: U.S. Rescue Seen at Hand for 2 Mortgage Giants This is from Yahoo Finance and in … read more today's Strib: Government may soon back troubled mortgage giants (Saturday September 6, 8:38 am ET ...
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