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Indian Stocks Rise, Led by Banks, on Possible Stimulus Measures - BloombergDec. 4 (Bloomberg) -- India’s Sensitive index rose, led by banks, on speculation the government will announce measures to counter the economic slowdown. India may announce a 750 billion-rupee ($15 billion) plan to boost growth by the end of this ...
Michigan tries to slow foreclosures - Detroit NewsLANSING -- Scrambling to do something about Michigan's rampant home foreclosure problem before the holidays, Gov. Jennifer Granholm and lawmakers are working on a flurry of bills to ease the squeeze on cash-strapped homeowners. Various measures would ...
Jobs fear at photo shops - Wigan TodayDozens of staff at Wigan photo processing shops face an uncertain Christmas after their parent company went into administration. Customers say they were ushered out of Max Spielmann's Ashton store after word came through yesterday lunchtime from head ...
Biz Quicks - Tulsa WorldWall Street closed sharply higher Wednesday after investors shuttled between pessimism about the recession and hopes that the nation might start seeing relief soon. The day's downbeat news included a drop in productivity, a pullback in the services ...
India's Inflation Rate Falls to 7-Month Low; Reserve Bank May Lower ... - BloombergDec. 4 (Bloomberg) -- India's benchmark stock index rose the most in three weeks, led by banks, after inflation unexpectedly fell to a seven-month low, giving the central bank room to reduce borrowing costs to spur growth. ICICI Bank Ltd ., India's ...
Retailer set to axe 800 workers - Guardian UnlimitedBritain's retail sector has been dealt a major blow as another high street company went into administration with the loss of more than 800 jobs. Glasgow-based Bowie Castlebank Group is to shed 817 jobs across its businesses, which include photo ...
800 jobs go as owner of Klick Photopoint goes into administration - HeraldBritain's retail sector was dealt a major blow today when another high street company went into administration with the loss of more than 800 jobs. Glasgow-based Bowie Castlebank Group is to shed 817 jobs across its businesses, which include photo ...
1st time ever: 10-year yield is below 3% - CNN MoneyNEW YORK (CNNMoney.com) -- Demand for U.S. Treasury bonds surged Wednesday, lowering the yield on the benchmark note to an all-time low, as investors responded to grim economic data and falling mortgage rates. The closely watched 10-year note rose 1 ...
'Black Friday' won't stave off black days ahead: Analysts - Ottawa SunWASHINGTON (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 SunDETROIT (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 ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms