Switzerland Mortgage Rates and Information Online from competing Lenders

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Financial News
Europe stocks drop to 3-wk low on credit woes, oil - Forbes
Switzerland - * FTSEurofirst 300 falls 1.2 percent to a 3-week low * Banking shares tumble on renewed credit fears * IKB jumps on news of stake sale to Lone Star

Business Highlights - Daily Herald
NEW YORK -- Wall Street scored a moderate gain after a volatile session Wednesday that saw the major indexes ratchet up and down on the seesawing price of oil and mixed feelings about the financial sector. Concerns about mortgage financiers Fannie ...

Bank Bond Risk at 5-Week High on Report of Failed Lehman Sale - Bloomberg
Aug. 21 (Bloomberg) -- The cost of protecting bank debt from default rose to a five-week high after the Financial Times reported Lehman Brothers Holdings Inc . failed to sell as much as 50 percent of its shares to Asian investors. Credit-default ...

U.S. Forex Market Commentary - FXStreet.com
The euro moved sharply higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4890 level and was supported around the $1.4730 level. The common currency rallied on growing speculation the U.S. government will ...

Europe stocks hit 2-week low on jitters - Forbes
Switzerland - * FTSEurofirst 300 tumbles 2.5 percent in broad selloff * Banks sink on renewed fears over credit crisis * Strong U.S. inflation data add to the gloom

European stocks mostly higher - News.com.au
EUROPEAN stock markets closed mostly higher today after cautious, choppy trade as investors tracked Wall Street amid persistent concerns over the outlook for the US economy. Dealers said recent heavy losses allowed room for bargain hunting but sharp ...

Stocks in Europe, Asia Decline; U.S. Index Futures Retreat - Bloomberg
Aug. 21 (Bloomberg) -- Stocks in Europe and Asia fell as concern deepened banks will report more writedowns, while Holcim Ltd.'s profit forecast pushed building-materials shares lower. U.S. index futures declined. HBOS Plc and Credit Suisse Group AG ...

Ireland’s construction slump hits European stocks - Financial Times
A fresh wave of financial jitters put European markets under pressure yesterday, sending banks and insurers tumbling and leading the wider market sharply lower. Fears for the financial health of US mortgage groups Fannie Mae and Freddie Mac combined ...

European shares close sharply lower - News.com.au
EUROPEAN stock markets closed sharply lower today, following heavy losses on Wall Street on concerns more bad news is to come in the US sub-prime home loan crisis. Dealers said recent bank results and steadily gloomier US economic data had undercut ...

IN BRIEF - Las Vegas Review Journal
WARRENVILLE, Ill. General Motors Corp. and Navistar International Corp. said Wednesday that they have dropped immediate plans for GM to sell its medium-duty truck business to Navistar, citing market and economic changes. GM and the Warrenville, Ill ...

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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.
  • Buyer’s 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.
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