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UPDATE 2-Metrovacesa to offer HSBC HQ to bank for $1.3 bln - ForbesMADRID/LONDON, Nov 28 (Reuters) - Indebted Spanish property company Metrovacesa wants HSBC to buy back a landmark London skyscraper it bought from the bank less than two years ago after failing to refinance debt secured on the asset. At a board ...
Meltdown far from over, new mortgage crisis looms - Times UnionWASHINGTON -- 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 ...
Kristi O'Harran - Everett HeraldAbove, pictures of grandchildren adorn the wall behind Terry Berger in the Marysville home where she has lived for 10 years. Mark Mulligan / The Herald (click to enlarge) Terry Berger stands in front of the Marysville home where she has lived for 10 ...
Indian exports fall as demand dampens - Gulf NewsNew Delhi: India's exports declined for the first time in seven years as recession in its biggest markets in the US and Europe damped demand for the nation's products. Overseas shipments in October dropped 12.1 per cent to $12.8 billion (Dh47 billion ...
The Tumult Reaches Israel's Markets - Wall Street JournalTEL AVIV -- The global financial storm hasn't directly imperiled Israeli banks, but worry over some of the country's biggest tycoons is roiling financial markets -- and politics -- ahead of parliamentary elections. Israel's export-oriented economy is ...
NFL Players Union Will Block League Attempts to Cut Debt Levels - BloombergNov. 26 (Bloomberg) -- The National Football League Players Association said it would try to block any attempt by the league to reduce debt levels and limit the amount teams can borrow. At the NFL’s meetings last month, Commissioner Roger Goodell ...
Ford Says It May Sell Volvo, Its Last European Brand (Update5) - BloombergDec. 1 (Bloomberg) -- Ford Motor Co. said it may sell its Volvo unit, the company’s sole remaining European brand, a day before the second-largest U.S. automaker is scheduled to present a survival plan to federal lawmakers. The review of options ...
Mortgage rates fall, but many borrowers will have trouble qualifying - Los Angeles TimesThe biggest savings for shoppers this holiday season may be in home mortgages, thanks to a decline in interest rates spurred at least in part by the latest federal financial rescue effort. But it's an open question whether consumers will actually ...
2 Florida State players arrested in campus fight - FOX NewsTALLAHASSEE, Fla. — Two Florida State freshman wide receivers have been arrested on misdemeanor battery charges stemming from a fight in the student union two weeks ago. University officials say 20-year-olds Bert Reed and Cameron Wade turned ...
Putting debt on the long finger - IndependentShare I HAVE a number of debts - car loan, mortgage, credit card balances and a credit union loan. Servicing these different loans is costing me an arm and a leg every month. I was told by a friend that a good way of dealing with this problem is to ...
Today's Mortgage Terms starting with R
Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
View all Terms