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EU, Australia toast new wine deal - Lexington Herald-LeaderBRUSSELS, Belgium -- The European Union and Australia signed an agreement Monday that will protect such European names as "Champagne" in Australia while further opening European markets to wines from Down Under. The deal will give geographical ...
Bank of China opens private bank business in Geneva - Terra DailyBank of China on Friday said it has opened a private bank and institutional asset management arm in Switzerland, marking the group's first step in the private banking business abroad. Kenneth Ge, who chairs Bank of China (Suisse) SA, told reporters ...
Geologist: Mining lawsuits not unusual - Peoria Journal StarThe litigation spawned by efforts to develop a large gravel pit outside Henry has not been unusual, according to an industry expert who testified in a Marshall County case here Monday and Tuesday. Court action is often the only way to overcome local ...
A look at economic developments around the world - International Herald TribuneBRUSSELS, Belgium — The European Central Bank — meeting away from Frankfurt as it does twice a year — lowered its rate to 2.5 percent from 3.25 percent, putting it at levels last seen in March 2006. The cut was the most aggressive in its 10 ...
Nov 30 - Dec 06 (163) - Andrewsullivan.theatlantic.comIn 2006, adjusted for purchasing power, the United Kingdom spent $2,760 per person on health care. America spent $6,714. It's a difference of almost $4,000 per person, spread across the population. That's $4,000 that can go into wages, or schools, or ...
In hard economic times, a ripple effect takes place - Batavia SunOnly five customers sat in Tom's Restaurant at 2701 E. 130th St. at lunchtime on a recent weekday. Tom's used to be packed with workers from the nearby Ford plant -- but more than 800 workers were cut in recent weeks, and times are hard. "I've never ...
Bush, Paulson, and their T.A.R.P. of S.N.A.F.U. - Buzzflash.comLet's just consider it their parting gift of wanton incompetence, the final bow of squalid mismanagement, the last tip 'o the hat to operatic farce and unaccountability. As the Washington Post reports, while revealing no shock or even dismay: "The ...
Brown moves to slow repossessions with Queen's speech mortgage help - Guardian UnlimitedGordon Brown today announced plans to help borrowers who are struggling to keep up with their mortgage repayments stay in their homes. The move, announced this afternoon by the prime minister in a debate on the Queen's speech , is designed to slow ...
China Dabbles In Swiss Banking - ForbesA generation ago, you wouldn't have dreamt that a Chinese bank would one day help the world's richest people invest their money, and in Switzerland of all places. But China has come a long way from the days of Communism and little red books, to the ...
Southern New Jersey counties suffer state's worst unemployment rates - Atlantic City PressAtlantic, Cape May and Cumberland counties experienced the highest unemployment rates in the state in October, suggesting that area workers are poised to suffer through a harsh winter economically. The region's unemployment rate this time of year is ...
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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