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Russia-China $25bn Loan Talks set to Re-Open - Oilvoice.comRussia is set to re-open talks with China within the coming week to secure $25 billion in loans, for two cash-strapped Russian energy companies, in exchange for guaranteed long-term crude oil supplies in the opposite direction. The initial round of ...
Austral Pacific Announces Interim Results - Oilvoice.comA one-off $3.3 million write-off has seen listed exploration company Austral Pacific post a $2.93m before tax loss in its third quarter. Austral Pacific yesterday filed its Q3 interim accounts. Austral Pacific chief executive officer Thompson Jewell ...
Frontier Communications Reports Solid 2008 Third-Quarter Results - TMCnetSTAMFORD, Conn. --(Business Wire)-- Frontier Communications (NYSE:FTR) today reported third-quarter 2008 revenue of $557.9 million, operating income of $164.2 million and net income of $47.0 million. "We are very pleased with our results for the ...
Grant to benefit homebuyers in 9 counties - Daily IndependentAshland — A $100,000 grant from the U.S. Department of Agriculture should make the process of buying a home a little easier in Carter and Elliott counties, as well as other parts of eastern Kentucky. The grant, which was presented to Frontier ...
BP Wind & Solar CEO: Project Money 'Completely Dried Up' - Street.ComFinancing for wind farms has disappeared and fewer companies will be able to develop the kind of "mega projects" needed to feed the growing demand for energy, said Reyad Fezzani, CEO of BP's ( BP Quote - Cramer on BP - Stock Picks ) wind and solar ...
Local News In Brief - North Platte TelegraphKendra E. Hock, 23, Gurley, Neb., died in a one-vehicle rollover accident Monday, according to the Frontier County Sheriff's Office. The accident occurred shortly after 6 p.m. Monday, three miles west and one-half mile south of Eustis. Hock was the ...
Falling oil poses threat to supplies - Financial TimesChristophe de Margerie, Total’s chief executive, has been warning for more than a year that political hurdles such as sanctions meant the world would not be able to produce more than 95m barrels a day of crude oil. But as the credit crunch delays ...
Credit crisis slows financing for wind farms - Argus LeaderFinancing for wind farms has disappeared, and fewer companies will be able to develop the kind of mega projects needed to feed the growing demand for energy, said Reyad Fezzani, chief executive officer of BP's wind and solar operations at the recent ...
Does anyone care about Palin's $150,000 wardrobe? - ScrippsNewsThere is no easy answer to that question, but how you answer it probably will reflect how you intend to vote. On the face of it, the governor of Alaska probably doesn't have a huge wardrobe that would stand up to the rigors of campaigning in weather ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
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.
View all Terms