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Market Report: Friends Provident proves popular on bid talk - The Independent
Friends Provident was strong last night amid talk of possible bid interest from Resolution, Clive Cowdery's investment vehicle that it is due to list on the London market next week. Citing reports of heavy institutional interest in the IPO, traders ...

Bernanke: more action needed to cut foreclosures - Forbes
Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Although a flurry of actions have been taken to ease the ...

Rio Tinto says reports 'overstated' debt - ninemsn
Mining giant Rio Tinto Ltd on Thursday declined to respond to reports that it has begun talks with banks to refinance debt incurred through the $US38 billion ($A58.65 billion) acquisition of Canadian aluminium producer Alcan last year. Rio Tinto ...

Mortgage rates drop to lowest level since January - BusinessWeek
Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market. Mortgage finance giant Freddie Mac reported Thursday that average rates on 30-year ...

Thomson Financial News - Forbes
Gaming group Crown has raised A$1.6 billion from banks to repay debt that had been due to expire in August 2010. 'In the current environment you've just got to be prudent and get the job done,' Crown investor relations manager Geoff Kleemann said ...

PRESS DIGEST-Australian Business News - Dec 5 - CNBC
Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) Gaming group Crown has raised A$1.6 billion from banks to repay debt that had been due ...

OZ Minerals reassures on debt burden - ninemsn
OZ Minerals Ltd has moved to allay market concerns about its $1.27 billion debt burden, saying it was not behind in its payments or in default. The company, which was formed in July through the merger of Oxiana Ltd and Zinifex Ltd, also said it was ...

Economic Meltdown Far From Over, New Mortgage Crisis Looms - FOX News
WASHINGTON — Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...

Market Report: Aegis rises on talk of move by Bolloré - The Independent
The FTSE 250-listed media group Aegis was strong last night amid speculation about a possible bid or a break-up of the group after its chief executive, Robert Lerwill, steps down at the end of this month. Analysts said the business was ripe for ...

Dubai International Capital looks east as it confirms plans to retreat ... - Times Online
Dubai International Capital (DIC), the $12 billion (£7.8 billion) Gulf investment fund, has confirmed that it is turning its focus away from Western acquisitions to concentrate on local and emerging markets. Sameer al-Ansari, the chairman and chief ...

Today's Mortgage Terms starting with H

Home Equity Line of Credit: A type of revolving credit in which your home is used as collateral.

Home Equity Loan: A revolving line of credit or loan based on the equity in the mortgagor's property. The property is the collateral for the loan, which is usable for any purpose.

Housing and Urban Development (HUD): A U.S. government agency created to introduce federal housing and community development programs; manages the Federal Housing Administration.

View all Terms

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