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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

Washington mortgage quotes news:

GM to extend holiday shutdown, will cut production - Newsweek
Recommended (6) CAN GM FIX ITSELF? Hardheads Samuelson: How to Bail Out General Motors Why Ford, GM and Chrysler Need A Bailout No More Bail Outs World's Biggest Companies Are Deep In Debt (DETROIT) General Motors Corp. will extend its holiday ...

PRESS DIGEST - Washington Post Business - Nov. 21 - Forbes
WASHINGTON, Nov 21 (Reuters) - The Washington Post included the following items on the front page of its business section on Nov. 21. Reuters has not verified these stories and does not vouch for their accuracy. Fannie Mae (nyse: FNM - news - people ...

Stock & fund quotes - ninemsn
This weekend in Washington saw a meeting of what is known as the "Group of 20" nations - those representing the most powerful economies in the world. It's a little bit of a misnomer, as the G20 is actually 19 nations plus the European Union. The ...

Mortgage-Backed Securities Remain Toxic - BusinessWeek
When Treasury Secretary Henry Paulson first pitched the bailout in September, it sounded like a plumbing job. The "troubled assets" on lenders' books were clogging the financial system, he said, and the government needed to buy up the bad debt to get ...

Front Row Washington - Reuters Blogs
George W. Bush heads to Peru this morning for his last scheduled trip abroad as U.S. president. Accompanied by Secretary of State Condoleezza Rice, he will attend an Asia-Pacific summit in Lima, Peru, where he will seek support for global financial ...

DIARY - Day ahead in the FX and debt markets - CNBC
This diary is a summary of key events likely to affect trading in the Forex and debt markets. All times GMT. ----- Top FX News: Top Fixed Income News: Top Macroeconomic News: European equities ...

WRAPUP 1-US lawmakers, Treasury lock horns on foreclosures - Forbes
WASHINGTON, Nov 18 (Reuters) - The U.S. Treasury Secretary and members of Congress locked horns on Wednesday over a $700 billion financial bailout fund, with lawmakers demanding money to stem foreclosures and Henry Paulson arguing it was meant for ...

UPI NewsTrack Business - United Press International
Quotes delayed at least 20 mins. U.S. markets higher Friday morning NEW YORK, Nov. 21 (UPI) -- U.S. markets caught a brief respite from a week of sell offs, rising modestly Friday morning in an atmosphere dominated by recession worries. Citigroup Inc ...

SNAPSHOT - Financial Crisis - 2245 GMT - CNBC
NEWS - U.S. prices drop at record pace, China wary of unrest - Federal Reserve slashes 2009 growth forecasts - Compromises proposed for $25 billion U.S. auto aid plan - Japanese, European carmakers also under pressure - China police told to maintain ...

The Anti-Socialist Wealth Redistributors - Reason.com
George Will on Sunday furthered his valuable recent service to the nation by giving Republicans the kind of intellectual shock therapy they'll need if they are to learn anything both useful and objectively pro-freedom from their electoral drubbing ...