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Viyella collapse takes day's toll above 3500 - This is Money
More than 3500 jobs were axed today as womenswear retailer viyella collapsed into administration and a host of other companies culled staff. Viyella, which was founded in 1784 and offers classic clothes for the more mature customer, today said it is ...

Should you refinance? - Wichita Eagle
As the new year starts off with an uncertain economy, homeowners are shearing their mortgage payments by taking advantage of lower interest rates. With 15-year fixed-rate mortgage rates down to 5 percent at many lenders in the Wichita area, banks are ...

Should you refinance?: Homeowners shop around for deals on their ... - TradingMarkets.com
Freddie Mac reported Wednesday that interest rates for 30-year fixed-rate mortgages fell for the ninth straight week to an average 5.10 percent with 0.7 point, the lowest it's been since the mortgage company started its Primary Mortgage Market Survey ...

Debt trouble at Lee triggers auditor's warning - Grand Forks Herald
Lee Enterprises Inc., publisher of the St. Louis Post-Dispatch and other newspapers, said in a regulatory filing that it will have trouble paying its debt over the next two years because of severe reductions in revenue. The company also disclosed ...

Construction spending shows gains but outlook grim - Daily Times
WASHINGTON: Construction spending fell less than expected in November as record activity on nonresidential projects helped offset another steep decline in housing. But the outlook remains bleak as credit is tight for builders trying to stay afloat ...

Local farmers can get low-interest loans due to storm damage - Adirondack Daily Enterprise
Twelve upstate counties, including Essex and Clinton, have been designated as disaster areas by the federal Department of Agriculture, qualifying farmers in them for low-interest loans, according to a press release from U.S. Sen. Chuck Schumer. The ...

Govt to unveil second stimulus package today - Hindustan Times
The government on Friday will unveil a second stimulus package to give the economy traction through measures aimed at aiding specific sectors, including auto, realty and small and medium enterprises. It had on December 7 announced a multi-billion ...

November construction spending drops less than expected but housing ... - Grand Forks Herald
Construction spending fell less than expected in November as record activity on nonresidential projects helped offset another steep decline in housing. The outlook, however, is for significant weakness as the worst recession in at least a quarter ...

Amarillo economy is holding its own - Amarillo Globe News
Richard Ware: Amarillo National Bank president says he doesn't see any major problems looming for Amarillo, but doesn't see any major growth either. The world, in Amarillo, looks flat. But a flat economy for 2009 isn't bad considering the "scary ...

Stocks: A Dismal Year Ends - BusinessWeek
Stocks moved higher on the last day of a disastrous 2008 for the markets. The Dow Jones Industrial average dropped 33.8% in 2008, the broader S&P 500 index fell 38.5% and the Nasdaq composite had its worst year ever, plunging 40.5%. After the dismal ...

Today's Mortgage Terms starting with T

Term: The period of time in which a loan must be paid off.

Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.

View all Terms

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