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UPDATE 3-Severstal cuts earnings forecast, defers capex - FXStreet.com
MOSCOW, Nov 18 (Reuters) - Severstal, Russia's largest steel maker, cut its 2008 core earnings forecast on Tuesday and said it would defer the majority of its $8 billion 2009-2011 investment programme as market conditions worsened. It cut the 2008 ...

UPDATE 1-Russia TMK seeks state help on debt - Guardian Unlimited
MOSCOW, Nov 18 (Reuters) - Russian steel pipe maker TMK is in talks with state banks to refinance outstanding debt from its $1.2 billion purchase of the U.S. assets of IPSCO, Deputy General Director Vladimir Shmatovich said on Tuesday. "We hope this ...

UPDATE 1-Russia's Severstal seeks state funds for refinancing - FXStreet.com
MOSCOW, Nov 18 (Reuters) - Severstal, Russia's largest steel maker, is in talks with state bank VEB to refinance 75 percent of a $325 million bond due in February, 2009, Chief Financial Officer Sergei Kuznetsov said. Kuznetsov said on Tuesday the ...

Russia's Severstal seeks state funds for refinancing - Forbes
MOSCOW, Nov 18 (Reuters) - Severstal , Russia's largest steel maker, is in talks with state bank VEB to refinance 75 percent of a $325 million bond due in February, 2009, majority owner Alexei Mordashov said. Mordashov, speaking during a Tuesday ...

CORRECTED-Russia's Severstal seeks state funds for refinancing - Forbes
MOSCOW, Nov 18 (Reuters) - Severstal , Russia's largest steel maker, is in talks with state bank VEB to refinance 75 percent of a $325 million bond due in February, 2009, chief financial officer Sergei Kuznetsov said. Kuznetsov, speaking during a ...

Steel maker Evraz seeks $1.8 bln state loan -paper - FXStreet.com
MOSCOW, Nov 18 (Reuters) - Russian steel maker Evraz Group has requested a $1.8 billion loan from state bank VEB to refinance debt incurred to acquire Canadian steel pipe maker IPSCO, Vedomosti business daily reported on Tuesday. The newspaper said ...

Russian govt. approves further $2bln bailout for domestic firms - RIA Novosti
MOSCOW, November 21 (RIA Novosti) - Russia's state development bank Vnesheconombank has approved a further $2 billion to help Russian companies repay their foreign debts amid the global financial crisis, VEB said on Friday. VEB said the funds would ...

Eating crow - The Daily Tribune
Former Philippine National Police (PNP) chief Avelino Razon Jr., interviewed on primetime television, has just come out with a several sensational revelations about the “euro generals” brouhaha, most of which tend to show the existence of ...

Russia 7th Continent owner may have to sell -paper - Reuters
MOSCOW, Nov 18 (Reuters) - The owner of Seventh Continent (SCON.MM: Quote , Profile , Research , Stock Buzz ), Moscow's largest grocery chain, is considering selling the company after failing to meet a margin call from Deutsche Bank (DBKGn.DE: Quote ...

Emerging Market Debt Costs Jump in Week, Hastening IMF Bailouts - Bloomberg
Nov. 21 (Bloomberg) -- Developing nations' borrowing costs rose the most in a month this week, hampering the ability of governments to refinance $1.2 trillion of short-term debt and hastening appeals for international bailouts . The extra yield ...

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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.
  • Buyers 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.

    View all Terms
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