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Guess What Russia's Bailout Bank Needs - Forbes
It seems that everyone needs a bailout, including the people doing the bailing. Vnesheconombank , the state-controlled development bank in charge of the government's $200.0 billion aid package, is asking for $34.0 billion from the state, according to ...

Redstone Won't Sell More Stock; Lender Talks `Smooth' (Update2) - Bloomberg
Nov. 13 (Bloomberg) -- Sumner Redstone said he has no plans to sell more stock in Viacom Inc. or CBS Corp., and that talks to restructure debt at his National Amusements Inc. ``are proceeding in a smooth and constructive manner.'' Redstone's closely ...

Redstone May Sell Theater Chain to Retain CBS, Viacom (Update2) - Bloomberg
Nov. 25 (Bloomberg) -- Sumner Redstone may sell the theater chain owned by his National Amusements Inc. holding company to keep control of CBS Corp. and Viacom Inc. , according to a person with knowledge of the discussions. Redstone told bankers he ...

Today's Mortgage Terms starting with J

Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.

Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.

View all Terms

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