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UK Posts Smaller-Than-Expected Public-Sector Deficit as Tax Revenue Rises - Wall Street JournalThe Guardian (blog)UK Posts Smaller-Than-Expected Public-Sector Deficit as Tax Revenue RisesWall Street JournalSpeaking at a debate held by the British Chambers of Commerce, Lord Mandelson and Mr. Clarke pledged that their parties, if elected, would remain ...Ken Clarke: Hung Parliament would be an economic disasterThis is Londonall 29 news articles »
Fed Holds Key Interest Rate Near Zero - DSNews.comDSNews.comFed Holds Key Interest Rate Near ZeroDSNews.comIt's the same old song echoing from the Federal Reserve's chambers – the same guarded outlook and careful phrasing that the markets have been hearing for ...and more »
UK public sector debt climbs above 60 pct of GDP - The Associated PressUK public sector debt climbs above 60 pct of GDPThe Associated PressThe British Chambers of Commerce on Thursday demanded radical action within 90 days of the election, including a detailed plan for spending cuts, ...and more »
Nike Jumps on Q3 Beat; Futures Up 9% - Barron's (blog)Nike Jumps on Q3 Beat; Futures Up 9%Barron's (blog)The previous Fed chairman continually lowered interest rates, promoted the housing boom by encouraging the use of exotic mortgage products, and refused to ...and more »
Special Session: What's on the (Democrats') Agenda - Olympia Newswire (blog)CBC.caSpecial Session: What's on the (Democrats') AgendaOlympia Newswire (blog)Since Democrats dominate both chambers, Republicans are mainly on the sidelines— with NPR Reporter Austin Jenkins quoting the Senate Minority leader saying ...Senate clears jobs bill for Obama's deskWashington Post (blog)Reader CommentsU.S. News & World Report (blog)all 8,510 news articles »
Volusia County public records for March 18, 2010 - Daytona Beach News-JournalVolusia County public records for March 18, 2010Daytona Beach News-JournalBrad K. Chambers, real property; BAC Home Loans Servicing LP v. David M. King, real property; US Bank NA v. William J. Kerr, real property; Wells Fargo Bank ...and more »
Updated FEMA flood maps may mean insurance change for Weston homeowners - Weston ForumUpdated FEMA flood maps may mean insurance change for Weston homeownersWeston ForumThose who have a federally backed mortgage, or plan to refinance with a federally backed lender, will be required to purchase flood insurance if they find ...and more »
Ottawa takes the reins from banks on complaints - Globe and Mail (blog)Ottawa takes the reins from banks on complaintsGlobe and Mail (blog)Ottawa's decision to crack down on mortgage prepayment penalties is one of the measures that signals the government is decreasing aid programs for the banks ...and more »
What sort of guarantee does the House want from the Senate? - Washington Post (blog)CBS NewsWhat sort of guarantee does the House want from the Senate?Washington Post (blog)Once they do, there will be a specific document that represents an agreement between the two chambers. And once that happens, support from the president and ...Democrats Cancel All Hearings in Anticipation of Health Care NegotiationsTexas Insiderall 3,667 news articles »
Lawmakers will be squabbling about bank funds, Fed audits and leverage limits - MarketWatchLawmakers will be squabbling about bank funds, Fed audits and leverage limitsMarketWatch... abound here as well: There is no agreement within the two chambers about how much of a risk (or stake) the original lender must hold in each mortgage. ...Does the bank reform bill address the causes of the crisis?MarketWatchall 6 news articles »

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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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