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Akzo unit plans 5-yr euro benchmark bond -IFR - ForbesLONDON, Dec 4 (Reuters) - Akzo Nobel Sweden Finance AB, a unit of Dutch chemical group Akzo Nobel NV, plans to issue a five-year euro benchmark bond, IFR reported on Thursday. Guidance is at mid-swaps plus 450 to 475 basis points, said IFR, a Thomson ...
Mortgage rates to the rescue? - Boston GlobeMortgage rates are dropping like a rock. Now the question is whether the allure of dirt-cheap mortgages will be enough to restart the stalled housing market. Clearly one side benefit to the global financial crisis and economic downturn has been ...
Overview: Rate cuts fail to lift grim mood - Financial TimesA series of aggressive interest rate cuts by European central banks failed to lift the mood in financial markets on Thursday as investors continued to fret about the global economic and corporate outlook. Government bond yields on both sides of the ...
Florida Moves to Provide Relief on Foreclosures - TimeHis main purpose is to make sure Floridians can remain in their houses," the governor's spokesman, Sterling Ivey, told=2 0TIME. "He's talking about Floridians who are working and trying to make ends meet every day. Not those who bought five homes ...
Redstone Sells Midway Stake to Investor for $100,000 (Update3) - BloombergDec. 1 (Bloomberg) -- Sumner Redstone , the owner of CBS Corp. and Viacom Inc. , sold his 87 percent stake in video-game maker Midway Games Inc. for $100,000 to help restructure debts that threaten his family business. The sale to private investor ...
The Henry Paulson eclipse could be the global turning point - Times OnlineYou may not have noticed it if you get most of your economic information from media headlines, but there were some pretty important events in the world economy last week - certainly more important than the Pre-Budget Report and fatuous arguments ...
Home Value Highwire - WTOP RadioWASHINGTON - If you want to buy in today's housing market, you may not be able to seal the deal or get a loan, unless you have cash and good credit. You need cash to close the deal. The days of zero-down are gone. That's the new reality of the ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Sterling Street sewer upgrade may cost more - Mid-Hudson News NetworkMIDDLETOWN – It looks like it will cost the City of Middletown more to borrow money to repair its massive Sterling Street sewer problems. The project is expected to cost about $2.5 million and the city is under state order to do the work. It had ...
SUMNER SQUEEZE - New York PostNational Amusements, the movie-theater chain that controls Sumner Redstone's interests in Viacom and CBS, faces the difficult task of getting more than 50 institutions to unanimously agree on revised terms to refinance $800 million of the company's ...
Today's Mortgage Terms starting with E
Equity: The difference between the current market value of a property and the total debt outstanding against the property.
Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
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