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Financial News
Emerging Market Debt Costs Jump in Week, Hastening IMF Bailouts - Bloomberg
Nov. 21 (Bloomberg) -- Developing nations' borrowing costs rose the most in a month this week, hampering the ability of governments to refinance $1.2 trillion of short-term debt and hastening appeals for international bailouts . The extra yield ...

BSkyB to raise $600 million in bond issue to refinance debt, make ... - Chicago Tribune
LONDON (AP) _ Satellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses. BSkyB, whose biggest shareholder is Rupert Murdoch 's News Corp ...

Centre mulls Rs 75K crore refinance window - MSN India
New Delhi: The government and Reserve Bank of India  are working on opening a massive Rs 75,000 crore refinance window to provide concessional funds for infrastructure, housing and small and medium enterprises by partly leveraging the country's ...

House prices slow with consumer confidence - MyFinances.co.uk
House prices across the UK fell by 1.1 per cent during November, which is the biggest monthly drop since December 2006. Prices in London also took a hit, with the sharpest drop since August 2005 taking place in October. Average residential property ...

No plan to sell LSE stake: Borse Dubai - ArabianBusiness.com
Borse Dubai, the state-controlled owner of Dubai's two stock exchanges, is not planing to sell its stake in London Stock Exchange Group "in the near future'' despite debt refinance concerns, its chairman said on Tuesday. Borse Dubai's 20.6 percent ...

Latest Pictures - Newstrack India
New Delhi, Oct 20 (IANS) Canara Bank has posted a net profit of Rs.5,294.3 million for the quarter ended Sep 30, compared to Rs.4,015.70 million for the same.... Total income of the bank has increased from Rs.40,546.6 million Canara Bank net up 32 ...

POLL-Downturn in Asia property mkts to accelerate in 2009 - Forbes
HONG KONG, Nov 21 (Reuters) - Asia's property markets are about to be hit by the global economic downturn with apartment prices and office rents in Hong Kong and Singapore set to skid more than 20 percent by the end of 2009, a Reuters poll on showed ...

RLPC-UPDATE 1-Ineos asks for waiver on 7.62 bln euro senior loan - Reuters
LONDON, Nov 17 (Reuters) - Ineos Group [INEO.UL], the world's third-largest chemical group, said on Monday it had asked its banks for covenant waivers on billions of euros of senior loans until the end of May 2009. Ineos reported earnings before ...

Downturn in Asia property mkts to accelerate in 2009 - Guardian Unlimited
HONG KONG, Nov 21 (Reuters) - Asia's property markets are about to be hit by the global economic downturn with apartment prices and office rents in Hong Kong and Singapore set to skid more than 20 percent by the end of 2009, a Reuters poll on showed ...

UPDATE 1-Ineos asks for waiver on 7.62 bln euro senior loan - Guardian Unlimited
LONDON, Nov 17 (Reuters) - Ineos Group, the world's third-largest chemical group, said on Monday it had asked its banks for covenant waivers on billions of euros of senior loans until the end of May 2009. Ineos reported earnings before interest, tax ...

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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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