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UPDATE 2-Gazprom sees state co-funding bigger investments - FXStreet.comUKHTA, Russia, Dec 3 (Reuters) - Russia's Gazprom may ask the state to co-fund its investments in 2009 as it wants them to rise by 12 percent to a record $33 billion to speed up development of new Arctic fields, its head said on Wednesday. "We are ...
Gazprom sees state co-funding bigger investments - ForbesUKHTA, Russia, Dec 3 (Reuters) - Russia's Gazprom may ask the state to co-fund its investments in 2009 as it wants them to rise by 12 percent to a record $33 billion to speed up development of new Arctic fields, its head said on Wednesday. "We are ...
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Need to know: Inflation... FishWorks... Lonmin - Times OnlineBritish retailing: Sales plunged in November at the joint-fastest pace since records began 25 years ago, a CBI survey showed. Some 42 per cent more retailers reported that sales fell rather than rose in November, matching the record high set in ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Before the Health Blog signs off for the day, we thought we’d consult with the American health establishment on a pressing question: What to ...
The Citigroup who stole Christmas - SalonThe Norwegian port town of Narvik is 200 miles inside the Arctic Circle, but that's not far enough north to escape the long arm of Citigroup. One of four Norwegian towns that invested millions of dollars in complex "structured finance" products ...
Iceland rescue deal held up after calls for guarantees - Times OnlineDemands by a group of nations, including Britain, that Iceland must compensate foreign depositors who lost money in last month's collapse of the country's banks have put a brake on a multibillion-dollar rescue package being set up by the ...
India's acquisitive tycoons start selling to raise new funds - Times OnlineBankers expect a wave of asset sales by cash-strapped Indian companies as the country's tycoons struggle to refinance their over-ambitious expansion plans. India's banking system has practically ceased corporate lending after the collapse of Lehman ...
Latvia reassures on bank amid fear of new crisis - Guardian UnlimitedRIGA, Nov 9 (Reuters) - Latvia is to give second-largest bank Parex a $361 million injection of funds after the state took it over at the weekend, making it the first victim of the global financial crisis in the Baltic state, officials said on Sunday ...
Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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