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Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The freezing of credit markets and complete collapse of consumer spending have exacerbated the troubles for Ford, GM and Chrysler. But there ...
Touro University looks to refinance $23.5 million debt - Las Vegas SunTouro University is seeking Henderson's approval to issue $23.5 million in tax-exempt bonds to refinance the university's debt from purchasing its two-building campus in Green Valley. The measure was introduced to the City Council Tuesday and is ...
Primm hotel closes rooms during midweek - Las Vegas SunThe company that operates three hotels in Primm has stopped taking midweek reservations at Buffalo Bill’s in an apparent effort to reduce room capacity and associated expenses. Representatives of Las Vegas-based Herbst Gaming could not be reached ...
Teck Cominco applies brakes - Vancouver SunTORONTO -- Faced with tumbling commodity prices, a free-falling stock price and an over-leveraged balance sheet, Teck Cominco Ltd. unveiled a wide-ranging plan Tuesday to conserve capital and pay back debt amid a rapidly-deteriorating metals sector ...
His Space - WiredPerched on the edge of a bright white power sofa on the supernaturally quiet eighth floor of the News Corporation’s global headquarters, the last thing Rupert Murdoch looks like is a fire-eyed revolutionary. Starched cuffs. Courtly manner. A month ...
Financial Meltdown Alters Local Lending Behavior - Flathead BeaconThe crisis roiling the U.S. financial sector has riveted the nation’s nervous attention for nearly two weeks as Congress scrambled to negotiate a bailout plan and the stock market took more ups and downs than the Going-to-the-Sun Road. The ...
ROI Capital completes $118 million in new loans - CNW GroupTORONTO, Sept. 22 /CNW/ - ROI Capital Ltd. (ROI) is pleased to announce the recent closing of seventeen new private placement loans along with seven follow-on loans to existing ROI portfolio companies. With the completion of these loans, ROI has ...
Weak, Pathetic Executive Compensation Limitations - Huffingtonpost.comThe proposed Emergency Economic Stabilization Act (aka, the bailout) contains pathetically weak limitations on executive compensation. As indicated in Section 111 of the Act, for companies whose bad debt is acquired without an auction process, and ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
'Muzzled' Biden's Halloween Present: A Press Avail - ABC News BlogsABC News' Matthew Jaffe reports: Earlier this week, Republicans claimed that Sen. Joe Biden, D-Del., had been “muzzled” by the Democratic campaign, noting that he had not held a full-fledged press availability with traveling reporters since a ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms