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Russian oil majors seek state funds--LUKOIL - Guardian Unlimited
MOSCOW, Oct 7 (Reuters) - Four Russian energy majors have asked the government to lend state money on market terms to help refinance foreign debt and buy new assets abroad at a time when they become cheaper, a top oil executive said on Tuesday. Vagit ...

RPT-Russia extends refinancing aid to Alfa, Rosneft - Reuters
MOSCOW, Oct 30 (Reuters) - Russia's government has disbursed around $3 billion to billionaire Mikhail Fridman's Alfa Group and state oil major Rosneft (ROSN.MM: Quote , Profile , Research , Stock Buzz ) to help refinance their foreign debts ...

Steel maker Evraz seeks $1.8 bln state loan -paper - Reuters
MOSCOW, Nov 18 (Reuters) - Russian steel maker Evraz Group (HK1q.L: Quote , Profile , Research , Stock Buzz ) has requested a $1.8 billion loan from state bank VEB to refinance debt incurred to acquire Canadian steel pipe maker IPSCO, Vedomosti ...

Kazakh Alliance bank reports lower H1 net profit - Guardian Unlimited
ALMATY, Oct 8 (Reuters) - Kazakhstan's No. 4 bank, Alliance , said on Wednesday its net profit fell to $84.7 million in the first half of this year from $159 million in the same period last year. Alliance, like other banks in Central Asia's biggest ...

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Today's Mortgage Terms starting with C

  • Cash To Close: Liquid assets that are available on hand for payment of closing costs involved in the processing of a mortgage transaction.
  • Closing: The completion of a real estate transaction. The closing includes the delivery of a deed, financial adjustments, signing of notes and disbursement of funds required to finalize the sale and loan transaction.
  • Closing Costs: Fees generally paid by the borrower in relation to the closing of a mortgage loan.
  • Collateral: Property pledged as security for a debt.
  • Conforming Loan: Conventional home mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). These agencies generally buys first mortgages up to loan amounts approved by Congressional directive.
  • Conventional Loan: Loans that are not part of any government housing program, free of any restrictions of government insured housing programs, such as loan size limits.
  • Conversion Clause: A feature in certain ARMs that gives you the option to convert the variable rate loan to a fixed-rate loan, usually after the first adjustment period. The new fixed rate will be set at current rates and there could be a fee for the conversion feature.
  • Convertible ARM: A type of ARM loan that can be converted to a fixed-rate loan after a certain time period.
  • Covenant: A clause in a contract that obligates or restricts the parties and if broken, can result in a legal action.
  • Credit Bureau: It is a clearinghouse for credit history information.
  • Credit Report: A report containing a detailed credit history of an individual.

    View all Terms
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