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'Dubai Dream' may be over - The Age
The "Dubai dream" may be over because lower oil prices will leave smaller fiscal surpluses among its crude-exporting neighbors to invest in the emirate, said Citigroup. "We believe it is safe to say the Dubai dream is perhaps over," Citigroup ...

Dubai dream may be over on lower oil price: Citigroup - Gulf Times
LONDON: The “Dubai dream” may be over because lower oil prices will leave smaller fiscal surpluses among its crude-exporting neighbours to invest in the emirate, said Citigroup. “We believe it is safe to say the Dubai dream is perhaps over ...

Dubai Is Most Vulnerable Place in Gulf to Lower Oil Prices, Citigroup ... - Bloomberg
Nov. 18 (Bloomberg) -- The ``Dubai dream'' may be over because lower oil prices will leave smaller fiscal surpluses among its crude-exporting neighbors to invest in the emirate, said Citigroup Inc . ``We believe it is safe to say the Dubai dream is ...

Borse Dubai May Pay More for Credit Swap-Linked Loans (Update1) - Bloomberg
Nov. 12 (Bloomberg) -- Borse Dubai Ltd., the Gulf emirate's state-owned operator of exchanges, is in talks to refinance $4.2 billion of loans at interest rates tied to the price of credit- default swaps, raising the cost of the debt, said three ...

Financial stress leading to violence - Knoxville News Sentinel
An out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide. A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest house she called home for 38 years. In ...

The 90-Grand Phone Call - Motley Fool
FOOL ON THE HILL The 90-Grand Phone Call The current credit system is built to give us easy access to credit. We can get a car loan in a couple of hours and refinance a home in just a few days. It's the same system that enabled crooks to make off ...

Business Digest - Providence Journal
General Growth Properties, owner of the Providence Place mall, has reported a third-quarter loss and abandoned its third-quarter dividend. In the second quarter, it paid 50 cents a share. The Chicago-based company also cut its forecast for this year ...

FBN Anchor: Treasury’s Misuse of TARP ‘Outrageous’; a ‘Mess ... - News Busters
So what exactly is the government doing with your money? Fox Business Network's Alexis Glick would like to know . Treasury Secretary Henry Paulson announced Nov. 12 he would be redirecting the $700 billion bailout to focus on propping up financial ...

Right Now, Propping Up the Banks Is the Only Thing - Huffingtonpost.com
Right now restoration of financial confidence isn't everything. It's the only thing. So for the time being, we can forget about Troopergate, hecklers at McCain rallies and the latest opinion polls. Nobody cared about Gary Condit's love life on the ...

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Today's Mortgage Terms starting with D

  • Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
  • Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
  • Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
  • Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.

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