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'Black Friday' won't stave off black days ahead: Analysts - Ottawa Sun
WASHINGTON (AP) — U.S. retail shoppers hunting for holiday bargains on ”Black Friday” won’t be enough to stave off what’s likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims ...

U.S. Auto Workers to hold meeting on bailout - Winnipeg Sun
DETROIT (AP) — Local United Auto Workers leaders from across the country will hold an emergency meeting in Detroit on Wednesday to discuss concessions the union could make to help auto companies get government loans. UAW leaders called the meeting ...

Getting a bachelor's in borrowing - New London Day
Last month, Dan Brown and his roommate headed from San Francisco to Las Vegas. They were aiming to win big so they could pay off their student loans. ”If you don't try, you can't win,” says Brown, a 26-year-old marketing consultant. He's sitting ...

Maid-Turned-Realtor Ran Vegas Mortgage Scam, Prosecutors Say - Bloomberg
Oct. 30 (Bloomberg) -- Eve Mazzarella was a Las Vegas success story. The high-school dropout and former housemaid moved to the Nevada city in 2000 from Seattle, got a certificate from the ABC Real Estate School and started selling houses in what ...

UPDATE 4-Teck cuts dividend, sells assets to pay down debt - Reuters
TORONTO, Nov 20 (Reuters) - Teck Cominco (TCKb.TO: Quote , Profile , Research , Stock Buzz ) will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt ...

Teck cuts dividend, sells assets to pay down debt - Guardian Unlimited
TORONTO, Nov 20 (Reuters) - Teck Cominco will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt generated by its acquisition of Fording Canadian Coal ...

Register for FREE - Wall Street Journal
Last month, Dan Brown and his roommate headed from San Francisco to Las Vegas. They were aiming to win big so they could pay off their student loans. "If you don't try, you can't win," says Mr. Brown, a 26-year-old marketing consultant. He's sitting ...

Teck Drops to Lowest in 20 Years After Dividend Cut (Update2) - Bloomberg
Nov. 20 (Bloomberg) -- Teck Cominco Ltd. , Canada's largest diversified miner, dropped to the lowest price in 20 years after announcing it would halt dividends and cut spending to repay debt from last month's purchase of Fording Canadian Coal Trust ...

Teck to sell assets, cut spending to pay down debt - Guardian Unlimited
Combined with a previously announced C$1.1 billion tax break, the measures total C$2.4 billion ($1.9 billion) and are aimed mainly at helping Teck pay down and refinance a $5.8 billion bridge loan as quickly as possible. Teck also took on $4 billion ...

Single parent gets help adjusting her budget - Seattle Times
If you would be interested in a free financial makeover in exchange for having your story and photo published in The Times, answer a few brief questions at seattletimes.com/ yourmoneysurvey . After nearly 20 years of living hand-to-mouth while making ...

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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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