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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Robertson home equity loans news:

Citigroup May Sell Primerica to Flowers, Protective (Update2) - Bloomberg
Sept. 24 (Bloomberg) -- Citigroup Inc. , the U.S. bank seeking to shed assets, may sell its Primerica life insurance unit to J.C. Flowers & Co. and an Alabama insurer, people with knowledge of the talks said. Flowers, the New York-based private ...

Ben Bernanke's Speech - CNBC
Julian Robertson, Pt. 2 Below is the text to a speech given by Federal Reserve Chairman Ben Bernanke on "The Recent Financial Turmoil and its Economic and Policy Consequences" on October 15, 2007 in New York City. The Recent Financial Turmoil and its ...

Junk Time - Forbes
Eric Wagoner has been investing in distressed securities since he helped Julian Robertson scout out troubled real estate investment trusts at Kidder, Peabody in the late 1970s. But he's never seen anything like this. Wagoner, now with Source Capital ...

Wall Street crisis: Lehman staff tell their stories - Guardian Unlimited
Lehman Brothers staff leaving the bank's European HQ at Canary Wharf. Photograph: Graeme Robertson/Guardian Lehman Brothers employees in London and New York today described how many staff, some in tears, had already cleared their desks at the ...

Wards Corner condo project to take the place of apartments - HamptonRoads.com
In the midst of the faltering housing market, with financial institutions failing, foreclosures rising and housing prices falling, Arthur Collins remains an optimist. After building successful high-end residential projects in downtown and Larchmont ...

Liberals are OK ..... If you cook em long enough from Canada ... - Globe and Mail
Cathy Wilkie - you are a bigot and a hypocrit. Allow me to once again remind you what you stated in a previous blog. 'Catherine Wilkie from Canada writes: Lukiwski has declared how the A team and B team mentality pervades the fears of some. Many post ...

Erie County Real Estate Transactions - Buffalo News
• 888 West Alaura Drive, Jason M. Blatner to Susan M. Congdon, $150,000. • 1546 Crittenden Road, Peggy Ann Beals; James F. Ludwig to Alden State Bank, $115,299. • 3089 Old Wende Road, Joseph Krull to Henel-Mattison Holdings Llc, $24,000 ...

Fed to hold rates steady and ride out storms - Huffingtonpost.com
WASHINGTON — Tighten your seat belt. Federal Reserve Chairman Ben Bernanke and his colleagues are doing just that as they prepare to ride out economic and financial storms by holding their most important interest rate steady this week and probably ...

Poll: Who won the debate? - MLive.com
OXFORD, Miss. — John McCain and Barack Obama stood behind identical wooden lecterns Friday night on the stage of a performing arts center at the University of Mississippi for the first of three scheduled debates with less than six weeks remaining ...

Don’t kid yourself: the housing slump really is on its way - Sunday Herald
HOW OFTEN must I say it? Falling house prices are a good thing, not a bad thing. It was property madness that got us into this financial mess in the first place, and the credit crisis will not be resolved, will not begin to be resolved, until house ...