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Loan week, November 14-20 - Finance Asia
Australia Optus Finance 's A$725 million three-and-a-half-year revolver was sealed on November 14 via ANZ, Bank of Tokyo-Mitsubishi UFJ, Citi, Commonwealth Bank of Australia and Westpac. Proceeds are to refinance an existing debt facility and for ...

Latest Pictures - Newstrack India
Dubai, Oct 22 (IANS) Bank of Baroda (BoB), the Indian public sector bank ...; The bank had opened a branch in Port of Spain in October last year... as it plans to open 10 overseas branches in 2008-09. The bank , which has 72 New Delhi, Aug 26 (ANI ...

A look at the regions of the world most affected by the financial ... - BBC News
Background: Rich in resources with a well-educated workforce and one of South America's largest economies, but it has also fallen prey to a boom and bust cycle. Latest: The Bank of Canada cut its key interest rate by a quarter point, to 2.25%, on 21 ...

Financial crisis: World round-up - BBC Business
Latest: The Bank of Canada cut its key interest rate by a quarter point, to 2.25%, on 21 October. This is the second cut this month - the bank cut the rate by half a percentage point on 8 October in a co-ordinated effort with other central banks. On ...

Auto industry seeking U.S. help - CNN Money
LANSING, Mich. (AP) -- As six state governors ask Treasury and the Federal Reserve to take "immediate action" to help U.S. automakers, GM's financing arm says it is wants to become a bank holding company. General Motors Corp. ( GM , Fortune 500 ) and ...

General strike in Greece amid deepening financial crisis - World Socialist Web Site
A 24-hour general strike was staged Tuesday, October 21, across Greece, grinding the country's major infrastructure to a halt. The strike involved workers in air traffic, urban transport and public services. Public offices across the country were ...

Undue haste by Rudd - The Australian
KEVIN Rudd calls it an unprecedented decision in the history of the commonwealth and describes it as decisive action to maintain the stability of financial markets. He is, of course, talking about the October 12 blanket guarantee of all deposits in ...

Remember 2004? It ain’t over. - Atlanta Journal Constitution
Go vote. As the polls were closing on election day four years ago, I sat with a group of George W. Bush campaign officials and supporters listening to reports of exit polls delivering the bad news. Bush was defeated. John Kerry had won the presidency ...

General strike shuts down Greece - OpEdNews.com
A 24-hour general strike was staged Tuesday, October 21, across Greece, grinding the country's major infrastructure to a halt. The strike involved workers in air traffic, urban transport and public services. Public offices across the country were ...

Congress Weighs Next Steps For Financial Regulation - Common Dreams
WASHINGTON - As federal regulators continue to unveil new measures to reverse the global financial crisis, Congress on Tuesday began weighing what changes might be needed to restore confidence in the U.S. financial system and prevent future crises ...

Today's Mortgage Terms starting with B

Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.

Bearer: The legal owner of a property.

Bill of Sale: A document that details the transfer of property.

Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.

Blanket Mortgage: A mortgage that includes more than one piece of real estate

Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.

Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.

Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.

Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.

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