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Bretton Woods revisited - Central ChronicleAfter World War II when the world economy was in recession it led to the Bretton Woods arrangement which entailed the establishment of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD) - World ...
Middle East 'set to emerge stronger from credit crunch' - Gulf NewsDubai The banking crisis will cause a credit crunch that will drive global recession for as long as two years, by which time the Middle East will be well positioned to emerge in a very strong position, said Ivan Pictet, the senior partner of Pictet ...
Funds provided under EFS, LTFF not to be deducted from TDL - Daily TimesKARACHI: Banks shall be no more entitled to deduct the funds provided under both parts of EFS from their Time and Demand Liabilities determined for the purpose of computation of CRR and SLR, State Bank has decided. SBP governor Dr Shamshad Akhtar ...
Wealthy cut back hedge funds but no firesale - ReutersGENEVA (Reuters) - Wealthy investors are cutting back exposure to hedge funds after disappointing returns but are not exiting the sector wholesale, and are likely to come back again once markets have calmed down. High net worth individuals have been ...
A look at economic developments around the world - ForbesFRANKFURT, Germany - The European Central Bank cut its key rate by the expected half a percentage point to 3.25 percent. But Germany's DAX finished down 353.30, or 6.8 percent, at 4,813.57. LONDON - The Bank of England slashed its benchmark interest ...
Lord Mandelson and Oleg Deripaska, the billionaire at bay - Times OnlineFor a few days each winter, political leaders, the super-rich and a scattering of conscientious rock stars congregate in the Swiss resort of Davos for a summit. Last January among their ranks was Oleg Deripaska, the Russian tycoon. Although the ...
Darling details £50 billion bank bailout plan - Times OnlineChancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...
London Gold Market Report - FXStreet.comDollar-Gold Price Hits 6-Session Low as Commodity Supercycle "Gets a Flat"; British Pound Tumbles on Warning of Deflationary Recession THE PRICE OF GOLD dropped $10 an ounce in the first-half of London trade on Wednesday, sliding to a 6-session low ...
Words from the (Investment) Wise for the Week That Was (October 6 - 12 ... - Safe HavenI have been away from the trading desk, and the stock market's bloodbath, during the past few days as I am on a business visit in Geneva. Just as well, but I can nevertheless associate with the frustration of the trader in the animated image (hat tip ...
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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