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Best & Worst in Money 2008: Best silver lining to the recession - Bloggingstocks.com
This post is part of AOL Money & Finance's Best & Worst in Money 2008 feature. Chicken Little's warning came as good news to astronomers hoping for a better view of the sky. In the same way, not all results of the economic morass of 2008 have been ...

Ford asks for $9 billion 'stand-by line of credit' but says it doesn't ... - Grand Forks Herald
WASHINGTON — Ford Motor Co. is asking Congress for a $9 billion “stand-by line of credit” to stabilize its business, but says it doesn’t expect to tap it. Unless one of Detroit’s other Big Three auto companies goes bust, Ford expects to ...

Burke could be close to becoming Maple Leafs GM - FOX News
Just two weeks after leaving that post with the Anaheim Ducks, Burke appeared close Tuesday to joining the Toronto Maple Leafs as president and GM _ a move that has been long-rumored. "It's certainly headed in the right direction, but it's not done ...

White scores 2 in Thrashers' 6-3 win over Leafs - FOX News
Nik Antropov, Jeff Finger and Niklas Hagman had goals for the Maple Leafs, who lost for the eighth time in 10 games. That certainly won't sit well with Brian Burke, who appears to be on the verge of signing a deal to become the Maple Leafs' new ...

Remember 2004? It ain’t over. - Atlanta Journal Constitution
Go vote. As the polls were closing on election day four years ago, I sat with a group of George W. Bush campaign officials and supporters listening to reports of exit polls delivering the bad news. Bush was defeated. John Kerry had won the presidency ...

Poor pay sees lawyers stop legal aid work - Australian Broadcasting Corp.
The Law Institute of Victoria says the state's legal aid system is in crisis. (ABC Graphics) The Law Institute of Victoria is predicting that the state's court system will be overloaded with unrepresented clients because of inadequate funding for ...

Troubles mount at Albany cemetery - Corvallis Gazette-Times
Twin Oaks Memorial Gardens and Mausoleum has taken a long time, up to two years in one case, to get grave markers in place, but its problems go far deeper than that. The facility has been foreclosed on by a Portland lender. In addition, the present ...

Register for FREE - Wall Street Journal
The email address you have entered is already in use. Please re-enter the email address. An increasing number of experts say the U.S. Treasury has taken just the right number of steps to end the financial crisis, and good things should start ...

Modine to trim jobs, retiree medical benefits - Milwaukee Journal Sentinel
Modine Manufacturing Co. is cutting jobs and eliminating post-retirement medical benefits as it restructures operations during a downturn in the automotive and truck industries. The company said Wednesday it plans to cut about 15% of the management ...

INDUSTRY NEWS & PEOPLE July 2007 - Business Travel Executive
The Association of Corporate Travel Executives has named Jerome Drevon-Barreaux, global travel manager for Capgemini, as the new regional chair of ACTE Europe. A more than 10 year veteran of the business travel industry, Drevon-Barreaux directs a T&E ...

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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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