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Qwest CFO Sees Strong Cash Flow, Financial Liquidity - CNN MoneyNEW YORK -(Dow Jones)- Qwest Communications International Inc. (Q) Chief Financial Officer Joseph Euteneuer assured Wall Street that the company was generating enough free cash and had enough "levers" to pull to cover its debt. The Denver ...
Bumpy start to ski season as layoffs hit Colorado resorts - Rocky Mountain NewsBlaming a tough economic climate, resort operator Intrawest Corp. announced companywide job cuts that affect managers and other employees at some of its Colorado ski areas. The layoffs come as winter resorts across the state brace for one of their ...
Russia-China $25bn Loan Talks set to Re-Open - Oilvoice.comRussia is set to re-open talks with China within the coming week to secure $25 billion in loans, for two cash-strapped Russian energy companies, in exchange for guaranteed long-term crude oil supplies in the opposite direction. The initial round of ...
Congress Blames Treasury as Foreclosures Mount - Common DreamsBOSTON - A congressional banking leader Tuesday blew hot air and blame at the U.S. treasury secretary about the ongoing home foreclosure crisis, but neither made a commitment to help stressed homeowners. Congress is officially out of session, except ...
On the Line: Pennsylvania Gov. Ed Rendell - CNBCIn the nationwide mortgage morass, there is at least one bright spot; one instance of a state doing things right: Pennsylvania. The Keystone State, under the leadership of Gov. Ed Rendell, has actually seen a year-over-year decline in foreclosure ...
Summit County resort execs stay upbeat about season - Summit Daily NewsTaking part in the annual Summit County Chamber’s Chief Operating Officer’s Breakfast at Copper Mountain Wednesday included the COO’s from the county’s four ski resorts from left, Alan Henceroth, Arapahoe Basin; Pat Campbell, Keystone; Lucy ...
Vail hotel developer files Chapter 11 - Rocky Mountain NewsThe owner of a new luxury resort in the heart of Vail said the financial crisis forced his debt-laden business to file for Chapter 11 bankruptcy protection. Waldir Prado, developer of the Vail Plaza Hotel & Club, said he was unable to refinance his ...
Remember 2004? It ain’t over. - Atlanta Journal ConstitutionBy Ragnar Danneskjöld November 3, 2008 8:29 AM | Link to this Good morning all. Pennsylvania is the keystone state, the jbmlaw bellweather for 2008. Winner there takes all, and, if ...
Simon Property Group Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.comGood day, ladies and gentleman and welcome to the Q3 2008 Simon Property Group Inc. Earnings Call. My name is Becky, and I will be your coordinator for today. At this time, all participants are in a listen-only mode. We will be facilitating a ...
LIVE ELECTION NIGHT BLOG - ABC News Blogs1:37 am ET: Based on exit polls and analysis of the vote so far, ABC News projects McCain will win Alaska. 1:22 am ET: Martin Luther King III, human rights activist: “I think my dad and my mom are looking down on us with great big smiles on their ...
Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
View all Terms