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Mexico peso firms sharply after rate cuts in Europe - Reuters
MEXICO CITY, Dec 4 (Reuters) - Mexico's peso firmed sharply on Thursday after a round of interest rate cuts in Europe pushed investors to bet that aggressive central banks around the world will help contain the global economic downturn. The peso
(Rewrites throughout, adds analyst's quote) - Reuters
MEXICO CITY, Nov 28 (Reuters) - Mexico's peso weakened on Friday after a warning by the country's central bank that risks to the economy are rising and worries that the sharp downturn in the United States could push Mexico into recession. The peso ...

Walsh needs to return to earth and safely land BA deal with Iberia - Daily Telegraph
The Aviation Club of the UK felt a bit less clubby than normal yesterday lunchtime. The comments made at the Pall Mall venue by Fernando Conte, chairman of Iberia, should have made Willie Walsh feel distinctly uncomfortable. Until Tuesday, Conte ...

UPDATE 1-Mexico's Cemex surges on debt refinancing hopes - Reuters
MEXICO CITY, Nov 26 (Reuters) - Shares in Mexico's Cemex surged on Wednesday on optimism that the world's No. 3 cement maker may be nearing a deal to refinance part of the payments on $6.6 billion in debt due next year, analysts said. The company's ...

America Movil, Cemex lead Mexico stock rebound - Reuters
MEXICO CITY, Nov 26 (Reuters) - Mexican stocks rallied on Wednesday, as shares in the world's No. 3 cement maker Cemex surged in its biggest one-day jump on record on optimism it would refinance its massive debt payments due next year. The benchmark ...

North American Shares Gain - Forbes
Stocks in North America posted modest gains Thursday, following steeper rallies in Europe and Asia as Western Hempishere investors outside the United States digested developments that might signal an end to the recent downturn. Americans took the day ...

Foreclosure-prone areas to get help - St. Petersburg Times
TOWN 'N COUNTRY— Rose Harper has had numerous next-door neighbors in the 36 years she has lived in her home. One fixed cars in the yard. Another rented out part of the house to immigrant laborers. Now the mustard-colored house is in the hands of ...

What Else Can Go Wrong? Travel Delays in Iraq - FOX News
Rick Leventhal and Col. Stacy Clardy. Click on the "behind the scenes" photos link within the blog for more snapshots from Iraq! Rick Leventhal and Col. Stacy Clardy. Click on the "behind the scenes" photos link within the blog for more snapshots ...

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 ...

Stock market report: Monday close - This is Money
Goldman Sachs has rubbed salt into their wounds by adding Lonmin to its influential Conviction Sell list. It warns falling production next year and a platinum-market surplus mean prices of the metal will remain low. Lonmin's earnings are, therefore ...

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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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