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UPDATE 1-Pininfarina sees agreement with banks by end-2008 - FXStreet.comMILAN, Dec 3 (Reuters) - Italian car designer Pininfarina reached a draft agreement on debt rescheduling on Wednesday with creditor banks under which its majority shareholder will dilute its 50.6 percent stake. Pininfarina, which designs models for ...
UPDATE 1-Italy's Tassara reaches deal with banks -source - ReutersMILAN, Dec 1 (Reuters) - Carlo Tassara, the holding company of financier Romain Zaleski, has reached a deal with creditor banks, a source close to the operation told Reuters on Monday. Carlo Tassara has been trying to refinance about 1.3 billion ...
Italy's Tassara reaches deal with banks -source - Guardian UnlimitedMILAN, Dec 1 (Reuters) - Carlo Tassara, the holding company of financier Romain Zaleski, has reached a deal with creditor banks, a source close to the operation told Reuters on Monday. Carlo Tassara has been trying to refinance about 1.3 billion ...
UPDATE 2-Italy's Carlo Tassara reaches initial debt deal - ForbesMILAN, Dec 1 (Reuters) - Italy's Carlo Tassara SpA reached a framework debt accord with some banks, the holding company said on Monday -- debts which include 1.3 billion euros ($1.64 billion) owed Royal Bank of Scotland and BNP Paribas . Carlo ...
Zaleski redraws debt plans, upsets UniCredit-reports - FXStreet.comMILAN, Nov 30 (Reuters) - Financier Romain Zaleski has drawn a new plan to sort out debts, including the sale of a stake in bank Intesa Sanpaolo, but creditor bank UniCredit has threatened to call in its debt on Monday, Italian newspapers reported ...
Liverpool, Inter, Atletico qualify for last 16 - FOX NewsLONDON — Five-time winner Liverpool, Italian champion Inter Milan and Atletico Madrid joined 10 other qualifiers for the last knockout phase of the Champions League on Wednesday. Chelsea still has work to do in the final round of games after a 1-1 ...
UPDATE 4-Metrovacesa reaches debt deal with creditors - ForbesMADRID, Dec 2 (Reuters) - Spanish property company Metrovacesa's core shareholders the Sanahuja family said on Tuesday they have reached a debt-for-equity deal with creditor banks, who will take a 54 percent stake in the company. With the news of the ...
Metrovacesa reaches debt deal with creditors - Guardian UnlimitedBasically those companies which have been double leveraging over the last few years all now have the same problem, namely a debt pile which they are finding difficult to refinance due to the credit crunch," said an analyst at a local Spanish bank ...
Roy scores twice, Buffalo beats Boston - FOX NewsBUFFALO, N.Y. — Derek Roy scored twice and the Buffalo Sabres beat the Northeast Division-leading Boston Bruins 3-2 on Wednesday night to snap a five-game losing streak. Jochen Hecht also scored to help Buffalo improve to 10-8-3 with its second ...
Business past, business present? - Monroe Evening News- Evening News photo by KIM BRENT Headlines of today's state of affairs are reminiscent of those some 70 years ago. One area business, Martin's Shoe House in Monroe, has weathered the times and seen its share of history. Greg Martin (left) and his ...
Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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