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Russia's WBD in talks over $180 mln bank financing - FXStreet.com
MOSCOW, Dec 2 (Reuters) - Wimm-Bill-Dann (WBD), Russia's largest dairy company, is in talks with banks to raise about $180 million to cover delayed payments from retail chains, its board chairman said on Tuesday. David Yakobashvili told reporters the ...

Hotels keep door shut to big rate cuts - Financial Times
US travellers hoping that the global financial crisis would herald bargain Thanksgiving weekend hotel deals have been finding them hard to come by. However grim the outlook for the hospitality industry, the world's leading hotel groups say they will ...

Latest Pictures - Newstrack India
Washington, Nov 30 (ANI): If scientists have their way, it may soon be possible to create a "hospital on a chip " for instant treatment to wounded soldiers even... of California, San Diego are working on developing a 'field hospital on chip Mumbai ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

As foreclosures rise, Paterson hires counselor - Herald News
PATERSON — Faced with a 49 percent increase in foreclosures and the second-highest number of foreclosures in the state, the city's Housing Authority has hired a full-time employee to work on preventing more city residents from losing their homes ...

UPDATE 2-Colonial gives creditors options on FCC, SFL stakes - Reuters
MADRID, Nov 26 (Reuters) - Spanish property developer Colonial (COL.MC: Quote , Profile , Research , Stock Buzz ) has granted buy options on its stakes in FCC (FCC.MC: Quote , Profile , Research , Stock Buzz ) and SFL (FLYP.PA: Quote , Profile ...

Hypo Real Estate seeks more cash from rescue fund - Guardian Unlimited
FRANKFURT, Nov 17 (Reuters) - Troubled German property financier Hypo Real Estate wants to tap the government for more cash by the end of the year, beyond the 50 billion euros ($63.43 billion) it has already secured, it said on Monday. Hypo Real ...

South Florida’s largest credit union tries to tame a problem-filled ... - MSNBC
Credit unions have been ignored by most of the national media and government officials determined to help sagging banks, but one of the most troubled financial institutions in South Florida is its largest credit union. After suffering an $18.2 ...

Borrowing for prosperity no longer an option - Pottstown Mercury
No comments posted. Dolores Holmes stands on the porch of The Bridgestreet House Bed & Breakfast that she owns in Lambertville, N.J. AP Photo Dolores Holmes stands on the porch of The Bridgestreet House Bed & Breakfast that she owns in Lambertville ...

Is the era of easy credit over for the long haul? - AZCentral.com
An inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set of wheels. But sitting ...

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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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