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Loan to Iceland to be completed Nov 19: IMF - Business Times Malaysia
ICELAND'S loan from the International Monetary Fund will be completed November 19, the head of the IMF said yesterday in Washington. “We will complete a program with Iceland next Wednesday at the board” meeting, IMF Managing Director Dominique ...

World leaders pledge to combat global crisis - WTOP Radio
WASHINGTON (AP) - With the global economy threatening to slip into a prolonged recession, world leaders have come up with a lengthy action plan they hope will bolster badly shaken investors' confidence. The plan was produced at a weekend meeting of ...

Nov 17, 5:39 AM EST - Associated Press
WASHINGTON (AP) -- With the global economy threatening to slip into a prolonged recession, world leaders have come up with a lengthy action plan they hope will bolster badly shaken investors' confidence. The plan was produced at a weekend meeting of ...

Citigroup layoffs trump global economic plan - Seattle Post Intelligencer
WASHINGTON -- Another round of massive layoffs at Citigroup and more bad financial news Monday led investors to shrug off the lengthy action plan from world leaders designed to address a sagging global economy. Citigroup said it will cut about 53,000 ...

Special Coverage - FXStreet.com
LONDON, Nov 21 (Reuters) - British bookmakers are facing the prospect of tax hikes in Chancellor Alistair Darling's pre-budget report, following the lead of Ireland, as the Treasury looks to generate much-needed revenue. Darling may target gambling ...

UPDATE 3-Germany says ready to help troubled carmaker Opel - Reuters
BERLIN/FRANKFURT, Nov 17 (Reuters) - Germany said on Monday it was ready to help General Motors' (GM.N: Quote , Profile , Research , Stock Buzz ) struggling German unit Opel, though it would make sure any aid did not seep over to the U.S. parent or ...

Germany says ready to help troubled carmaker Opel - Guardian Unlimited
BERLIN/FRANKFURT, Nov 17 (Reuters) - Germany said on Monday it was ready to help General Motors' struggling German unit Opel, though it would make sure any aid did not seep over to the U.S. parent or trigger a flood of demands for support. Chancellor ...

Bretton Woods revisited - Central Chronicle
After World War II when the world economy was in recession it led to the Bretton Woods arrangement which entailed the establishment of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD) - World ...

Independent HBOS fight 'gaining pace' - Scotsman
THE fight to save HBOS as an independent bank is still on, one of the two "banking knights" hoping to ride to its rescue told The Scotsman last night. Sir Peter Burt, HBOS's former deputy chairman, said the battle to stop the proposed takeover by ...

2008 (2665) - Dakota Voice
► May 22 - May 29 (1) To assuage conservatives, McCain has rolled out endorsements from leading conservatives and aired a new television ad that mentions Ronald Reagan. He plans to attend a major gathering of conservatives later this month. The ...

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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.

    View all Terms
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