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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

Summit mortgage quotes news:

UPDATE 1-France seeks G8 summit on financial crisis -media - Forbes
TOKYO, Oct 7 (Reuters) - France has made a formal proposal to Japan and other Group of Eight (G8) countries to hold an emergency G8 summit meeting to deal with the financial crisis, Japan's Nikkei business daily reported on Tuesday. A Japanese ...

Stock & fund quotes - ninemsn
LONDON, Oct 6 (Reuters) - The euro was pummelled against major currencies on Monday as concerns for European financial sector health increased without signs of a coordinated policy response, while the yen spiked as investors cut risk exposure ...

Morgan Stanley's fate still hangs in the balance - Forbes
NEW YORK, Oct 12 (Reuters) - Despite its best efforts to fortify its defenses, Morgan Stanley's fate hangs in the balance after the market's relentless assault last week. Come this Tuesday, Morgan Stanley's agreement to sell a 21 percent stake to ...

Community Reinvestment Act had nothing to do with subprime crisis - BusinessWeek
Fresh off the false and politicized attack on Fannie Mae and Freddie Mac, today we’re hearing the know-nothings blame the subprime crisis on the Community Reinvestment Act — a 30-year-old law that was actually weakened by the Bush administration ...

No bank bailouts: Flaherty - Globe and Mail
Canadian financial services industry is solid and solvent, says the finance minister, while admitting that credit is tight ... Read the full article Conservatives Lie from Canada writes: No one believes Mr. Flaherty, Mr. Harper and the Conservatives ...

To: news@ctv.ca - Globe and Mail
Your behaviour surrounding the interview with Mr. Dion has been disgraceful. Your interviewer asked a total botch of a question, and when asked to clear it up merely repeated it. Your guest showed enough respect to try to find out what the ...

Meet The $700 Billion Bailout Czar - OpEdNews.com
There is a new Czar in America""the man who will be running the $700 billion budget bailout/rescue program-- assistant secretary of the Treasury for International Affairs-- Neel Kashkari. Henry Paulson tapped the company he ran, Goldman Sachs, to ...

Meet The Czar Managing the $700 Billion Bailout - OpEdNews.com
There is a new Czar in America""the man who will be running the $700 billion budget bailout/rescue program-- assistant secretary of the Treasury for International Affairs-- Neel Kashkari. Henry Paulson tapped the company he ran, Goldman Sachs, to ...

Undernews: Rezko Alert - Slate
Obama's Friend of Angelo : Barack Obama's choice of Jim Johnson to vet his VP prospects is already embarrassing his campaign, thanks to a WSJ story reporting that Johnson (according to the NY Sun ) took at least five real estate loans totaling more ...

Obama, McCain discuss economic crisis in debate - ksl.com
I posted, comments about 15 minutes ago, then came back to the site and saw that my comments was the first and only comment. It was removed, yet, all that was in it was several statements of what I saw as the differences between the candidates ...