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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 ...

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 ...

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 ...

Russia spent $58bn supporting the rouble - Times Online
Russia's Central Bank disclosed the scale of its efforts to defend the rouble today, admitting that it had spent $57.5 billion in two months to prop up the currency. The Kremlin insisted that there would be no devaluation despite the Bank's decision ...

UPDATE 1-Russia says oil loan talks with China to resume soon - CNBC
NOVY URENGOI, Russia, Nov 18 (Reuters) - Russia will resume talks with China over $25 billion in loans as part of a broader deal with Beijing over crude supplies within days, Russian energy minister Sergei Shmatko said on Tuesday. Sources close to ...

Russia-China $25bn Loan Talks set to Re-Open - Oilvoice.com
Russia is set to re-open talks with China within the coming week to secure $25 billion in loans, for two cash-strapped Russian energy companies, in exchange for guaranteed long-term crude oil supplies in the opposite direction. The initial round of ...

Affordable Mortgages? Tell That to the Banks - Wall Street Journal
Paulson, seemingly launching Operation Protect Legacy to take the sting out of Congress’s brutal treatment of his deputy, Neel Kashkari , has offered a parting piece of wisdom to his successors. They should renegotiate mortgages and stem home ...

Russia tycoons bailout could turn into Kremlin trap - Reuters
MOSCOW (Reuters) - Russia has spent $8 billion from its foreign exchange reserves to help some of its richest men to refinance foreign debts and the names of the recipients give a clue to the Kremlin's favorites. But the reserves are not being ...

WRAPUP 1-Russia tycoons bailout could turn into Kremlin trap - Reuters
MOSCOW, Oct 30 (Reuters) - Russia has spent $8 billion from its foreign exchange reserves to help some of its richest men to refinance foreign debts and the names of the recipients give a clue to the Kremlin's favourites. But the reserves are not ...

Oligarchs oblige as Kremlin steps in - BBC Business
Among those hardest hit by the global financial crisis are Russia's super-rich oligarchs, who are being forced to go cap in hand to Kremlin, begging for a bailout - though help will not come for free. According to some estimates, more than two thirds ...

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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.
  • 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.

    View all Terms
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