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Most Asian Stocks Decline on Recession Concerns; Banks Slump - BloombergOct. 17 (Bloomberg) -- Most Asian stock markets fell, paring the MSCI Asia Pacific Index 's weekly advance, on signs the credit market turmoil is curbing demand for the region's exports and causing economies to contract. Neptune Orient Lines Ltd ...
Asian Stocks Plunge; Japan's Nikkei Has Worst Week on Record - BloombergOct. 10 (Bloomberg) -- Asian stocks tumbled, driving Japan's Nikkei 225 Stock Average to its biggest weekly decline on record, on concern the deepening credit crisis will push the global economy into a recession. The yen surged. ICICI Bank Ltd., the ...
Hillsborough County targets areas for housing rehab plan - St. Petersburg TimesPALM RIVER — Armando Celeiro came here from Cuba with $100 in his pocket. Forty-odd years later he's a furniture manufacturer and real estate investor, proud of his achievements and bullish on his community. Hillsborough County housing officials ...
Foreclosure-prone areas to get help - St. Petersburg TimesTOWN 'N COUNTRY— Rose Harper has had numerous next-door neighbors in the 36 years she has lived in her home. One fixed cars in the yard. Another rented out part of the house to immigrant laborers. Now the mustard-colored house is in the hands of ...
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 ...
INDUSTRY NEWS & PEOPLE July 2007 - Business Travel ExecutiveThe Association of Corporate Travel Executives has named Jerome Drevon-Barreaux, global travel manager for Capgemini, as the new regional chair of ACTE Europe. A more than 10 year veteran of the business travel industry, Drevon-Barreaux directs a T&E ...
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