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RPT-UPDATE 2-Commerzbank state-backed bond opens new asset class - FXStreet.comFRANKFURT, Jan 8 (Reuters) - Commerzbank AG became the first German lender to launch a bond backed by state guarantees on Thursday, creating a new asset class and opening the way for other banks to follow suit. Germany's second-biggest bank opened ...
Thomson Reuters sees lower revenue growth rate - International Herald TribuneNEW YORK : Thomson Reuters Corp's quarterly and annual revenue growth rate will slow, a senior company executive said on Thursday, reflecting the effects of the world financial crisis. Chief Financial Officer Robert Daleo declined to provide fourth ...
UPDATE 1-Thomson Reuters sees lower revenue growth rate - ReutersNEW YORK, Jan 8 (Reuters) - Thomson Reuters Corp's ( TRI.TO ) ( TRIL.L ) quarterly and annual revenue growth rate will slow, a senior company executive said on Thursday, reflecting the effects of the world financial crisis. Chief Financial Officer ...
Cattles cutting 1000 staff in loans brake - Evening StandardSubprime and doorstep lender Cattles is to axe 1000 staff as it warned today that profits will suffer as it reins in lending. The group, which lends to clients who cannot get credit elsewhere, intends to cut the amount of new business it writes by ...
Fitch: 2009 to be Bellwether Year for Financial Reporting - EarthtimesNEW YORK & LONDON - (Business Wire) 2009 will be a pivotal year for accounting, particularly in relation to fair value and convergence of US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS), Fitch ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. One of the world’s best-known makers of fine crystal and ceramics, Waterford Wedgwood PLC, has succumbed to the credit crunch. Having ...
The Daily Thread: Waterford Wedgwood Collapses, Madoff Victims Sell ... - Wall Street JournalThe Daily Thread rounds up the major fashion news of the morning. Alfred Shaheen, creator of Hawaiian shirts such as the one Elvis Presley wore in “Blue Hawaii,” has died. (Credit: Getty Images) One of the world’s best-known makers of fine ...
M&S cuts 1,000 jobs as fashion sales dive - Times OnlineHigh street fashion retailers were the first big losers of 2009 as Britain returned to work yesterday to face the worst employment prospects in a generation. Marks & Spencer will announce massive job losses tomorrow after dire Christmas trading ...
ER tussles with U.S. distributor - VarietyStruggling U.K. tyke specialist Entertainment Rights, whose properties include 'The Lone Ranger' is taking legal action against its primary U.S. DVD distributor, Genius Products, over alleged unpaid fees. LONDON — Struggling U.K. tyke specialist ...
UKs Marks and Spencer to sack 1,000 employees - Thaindian.comLondon, Jan.6 (ANI): UK fashion retailer Marks and Spencer will announce the sacking of 1,000 employees tomorrow after experiencing dire Christmas trading. Several hundred more from the head office and support functions are also to be sacked ...
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.
Buyers 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.
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