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Reliance Industries Boosts Five-Year Loan 20% to $1.2 Billion - Bloomberg
Aug. 27 (Bloomberg) -- Reliance Industries Ltd. , India's biggest company, increased a five-year loan by a fifth to $1.2 billion after banks offered more than it sought, according to an e-mail sent to lenders. The company , owner of the world's third ...

Joe Burns: Good intentions trump imperfections - Enterprise
Every time I hear someone talking about businesses providing housing for their employees that old Tennessee Ernie Ford song, “Sixteen Tons,” starts bouncing around my brain, especially the ending where he slows down the tempo and his voice get ...

Can this home be saved? - Pittsburgh Post-Gazette
The Donaldson Drive, Baldwin Township, home of Cindy and Randy Balzer. After 20 years of living in the Baldwin Township home where they raised three children and poured their life's savings, Randy and Cindy Balzer are on the verge of losing ...

The Boom Was a Bust for Ordinary People - Common Dreams
I t begins to sound a bit naughty -- all this talk about the need to "stimulate" the economy, as if we were discussing how to make a porn film. I don't mean to trivialize our economic difficulties or the need for effective government intervention ...

The Euro Vision: Publishers Love Spending Cash - Gamasutra
Perhaps it's not been spectacular compared to the deluge of first reviews of Gears of War , but this week European news has been dominated by the activities of some of the smaller publishing groups. One company which has been throwing up surprises ...

Seawall divides city - Corpus Christi Caller
George Gongora/Caller-Times State law creates a public easement of 200 feet along all beaches. By the mid-1990s, the beach (seen at high tide) had eroded so much that nearby hotels and condos were within the public easement. The state Legislature ...

Unpaid tax expected to soar - Modesto Bee
PROPERTY TAXES DUE: The deadline is April 10 for homeowners who pay their taxes themselves rather than having an escrow account for the tax. DON'T BLAME THE TAX MAN: Stanislaus County Treasurer and Tax Collector Gordon Ford said the date is spelled ...

The 90-Grand Phone Call - Motley Fool
FOOL ON THE HILL The 90-Grand Phone Call The current credit system is built to give us easy access to credit. We can get a car loan in a couple of hours and refinance a home in just a few days. It's the same system that enabled crooks to make off ...

Canada's ferocious NAFTA growl - Salon
Did Barack Obama flip-flop by endorsing a "limited amount of new offshore drilling" in a speech detailing his new energy plan delivered in Lansing, Mich., on Monday? To even ask the question in such a manner is to drastically oversimplify a complex ...

Don't press the Wikipedia delete button - Salon
I cannot say that I fully understand the deep inroads Pachelbel's Canon in D has made into Korean pop culture, but like the other 48 million people who have watched Funtwo's rock guitar version of the classical chestnut, I know pure talent when I ...

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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.

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