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News about Mortgages:
Jericho's Topdot transfers mortgages in pipeline - Newsday (subscription)Jericho's Topdot transfers mortgages in pipelineNewsday (subscription)Jericho-based Topdot Mortgage has transferred to other lenders almost all the 130 loans that were in its pipeline when it was stripped of a key federal ...
Winthrop Realty Trust Announces Results for Fourth Quarter and Full Year 2009 ... - MarketWatch (press release)Winthrop Realty Trust Announces Results for Fourth Quarter and Full Year 2009 ...MarketWatch (press release)The Company has executive offices in Boston, Massachusetts and Jericho, New York. For more information please visit www.winthropreit.com. ...and more »
From Russia with love, death and vodka - Vancouver CourierFrom Russia with love, death and vodkaVancouver CourierIvanov, like Ranevskaya in The Cherry Orchard, will default on his mortgage and Zinaida Savishna whose eye is always on the money will seize his land. ...
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