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Kudrin: Govt to provide 300 bln rbl of lending guarantees to banks - PRIME-TASS
GORKI, Moscow Region, Dec 3 (Prime-Tass) -- The Russian government will provide up to 300 billion rubles of lending guarantees to commercial banks, Deputy Prime Minister and Finance Minister Alexei Kudrin said Wednesday, ITAR-TASS reported. Kudrin ...

Govt to Rescue Mortgage Borrowers, Banks - Kommersant
Russia’s authorities came up yesterday with the first official statements about the elaboration of government’s measures to help the people unable to pay their mortgage credits because of financial turmoil and to rescue the banks that will face ...

AHML could place third mortgage bond issue by year's end (Part 2) - Interfax Information Agency
ST. PETERSBURG. Dec 4 (Interfax) - Russia's Agency for Housing Mortgage Lending (AHML) does not rule out the possibility of placing a third mortgage bond issue by year's end, the AHML's finance department director, Elena Morozova, told journalists on ...

PRESS DIGEST - Russia - Dec 4 - Reuters
- Russia's authorities have admitted there were problems with mortgage payments, the daily says in connection with official statements that the government will support citizens who fail to pay their home loans. - Russia's government plans to spend ...

Russia to buy out mortgages from banks - WTOP Radio
MOSCOW (AP) - Russia 's government pledged a mortgage buyout Wednesday and announced more aid for major airlines and other companies beyond an existing $200 billion financial rescue package, Russian news agencies reported. The finance ministry is ...

McFeatters: The silver lining of the recession - MetroWest Daily News
Inside every recession there's a silver lining and in this one it's falling oil prices, down from $147 a barrel in July to $48 this week and maybe headed toward $40. And inside falling oil prices there's another silver lining: It shuts up people like ...

Recession's silver lining: falling oil prices - Corpus Christi Caller
Inside every recession there's a silver lining and in this one it's falling oil prices, down from $147 a barrel in July to $48 this week and maybe headed toward $40. And inside falling oil prices there's another silver lining: It shuts up people like ...

Oil rises slightly after plunging to three-year low - Edmonton Sun
Oil prices rose slightly Wednesday but remained near three-year lows as investors tried to gauge how much the slowdown in U.S. and Chinese economies will hurt demand for crude. By midday in Europe, light, sweet crude for January delivery was up 30 ...

Testing Times for Central Asian Migrants - IWPR
As the world financial crisis continues to play out in Russia and Kazakstan, there are fears the economic downturn will have serious knock-on effects for the Central Asian states that provide these wealthier countries with cheap labour. With manual ...

Russia Wiped Off the Books - Kommersant
American banks have begun a new wave of closures of correspondent accounts of Russian banks due to the need for monitoring payments for money laundering. As a result, the majority of Russian banks will be forced to work only through Russian state ...

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Today's Mortgage Terms starting with E

  • Equity: The difference between the current market value of a property and the total debt outstanding against the property.
  • Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
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