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TOPWRAP 4-Interest rate cuts to spearhead crisis fightback - ReutersThailand slashes interest rates * Euro zone, Britain, Sweden expected to follow * Survey slows Euro services sector in deep recession * Britain says will help small business (For full coverage of the financial crisis [nCRISIS]) By Kate Kelland and ...
German carmakers face up to worse ever downturn - Monsters and CriticsBerlin - The German car market is facing its worse downturn, the nation's auto industry association warned Wednesday as the deepening sense of economic gloom in the country leads to a shakeout in the industry and the prospects of big job cuts. The ...
Germany's BayernLB Gets $39 Billion Lifeline - CNBCGermany is mounting a 30 billion euro ($39 billion) rescue of stricken state lender BayernLB in one of the biggest emergency packages in Europe since the global financial crisis began. The country has been one of the worst affected by the storm ...
Stocks in Europe Climb for Fourth Day; Barclays, Siemens, Air Berlin ... - BloombergNov. 27 (Bloomberg) -- European stocks rose, sending the Dow Jones Stoxx 600 Index to its fourth straight gain, as investors speculated government efforts to shore up banks and the economy will support profits. Barclays Plc and Siemens AG rallied ...
Walker's World: Berlin blocks EU stimulus - Terra DailyThe contrast is sharp and cruel between America and Europe, between President-elect Barack Obama's economic team and its sharp focus on activist policies for a recovery, compared with the disarray in Berlin, Paris and London. German Chancellor Angela ...
US army deserter applies for asylum in Germany - SalonDec 2nd, 2008 | BERLIN -- A U.S. soldier who deserted after serving in Iraq declared Tuesday he has applied for asylum in Germany. Army Spc. Andre Shepherd said he deserted from his unit's Katterbach base in April 2007 after returning from a six ...
The Hedgehog vs. The Fox - Seekingalpha.comIsaiah Berlin's essay "The Hedgehog and the Fox" divides thinkers into two categories. Hedgehogs rely on a single defining idea to influence their decision making while foxes rely on multiple experiences and cannot define their thinking into one ...
Nazi Death Camp Guard Case Going to German Federal Court - FOX NewsBERLIN — Germany's highest criminal court must decide where a former Nazi death camp guard — now a U.S. resident — can be prosecuted for alleged involvement in the deaths of 29,000 Jews, a prosecutor said Friday. The German federal office that ...
European Shares Gain On Thursday - News Room AmericaEuropean shares were up for a fourth day, with national benchmark indexes rising in all 18 western European markets, led higher by banks and insurance companies. Shares in Europe's second-biggest insurer by market value, Allianz, surged 10 percent to ...
European Stocks Rise for Fourth Day; Barclays, Siemens Advance - BloombergNov. 27 (Bloomberg) -- European stocks climbed, sending the Dow Jones Stoxx 600 Index to its fourth straight gain, as investors speculated government efforts to shore up banks and the economy will support profits. Barclays Plc and Siemens AG rallied ...
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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