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Two German Banks Tap State Funds for Aid - Deutsche Welle
Hypo Real Estate bank and the Landesbank Baden-Wuerttemberg have received massive bailouts from a federal government agency. The capital injections underline German banks' increasing dependence on the state. Hypo Real Estate (HRE), the first German ...

German raids on suspected terror cell supporters - Las Vegas Sun
Officials say German police carried out raids in three states searching for suspected supporters of a terror cell whose plans to attack U.S. targets in Germany were foiled last year. Federal prosecutors' spokesman Frank Wallenta says police made no ...

Two German banks tap state funds for aid - Summary - Earthtimes
Berlin - Two reeling German banks tapped state funds for billions of euros in aid Friday. Hypo Real Estate (HRE), the first German bank to nearly collapse in September, said it won 20 billion euros (25 billion dollars) in guarantees from Soffin, a ...

Two German banks tap state funds for aid (Roundup) - Monsters and Critics
Hypo Real Estate (HRE), the first German bank to nearly collapse in September, said it won 20 billion euros (25 billion dollars) in guarantees from Soffin, a federal government agency with a 480-billion-euro war chest. HRE said the underpinning from ...

Merger Talks For LBBW, BayernLB - Forbes
It's been a long time coming, but ailing state-owned German lender LBBW said it was ready for "concrete merger talks" with its rival BayernLB--one year after the subprime crisis began to ravage Germany's banking landscape . LBBW, which like BayernLB ...

Three German banks tap state funds for aid - Top News India
Berlin  - Three reeling German banks tapped state funds for billions of euros in aid Friday. Hamburg-based HSH Nordbank said SoFFin, a federal government agency which has a 480-billion-euro war chest, had agreed to provide it with up to 30 billion ...

Get a Deep Insight into the World Banking Market Brief - PR Inside
www.reportlinker.com - Reportlinker.com announces that a new market research report related to the Financial services industry is available in its catalogue. The global outlook series on Banking provides a collection of statistical anecdotes, market ...

A look at economic developments around the world - Associated Press
A look at economic developments and stock market activity around the world Friday: LONDON - The downturn in the euro-zone economy, particularly within the manufacturing sector, gathered pace in November. The closely watched purchasing managers index ...

A look at economic developments, activity in stock markets around the ... - Los Angeles Times
LONDON — The downturn in the euro-zone economy, particularly within the manufacturing sector, gathered pace in November. The closely watched purchasing managers index showed manufacturing slumped to a record low of 36.2 in November in the euro zone ...

Billionaire Merckle Said to Seek Aid After Volkswagen Squeeze - Bloomberg
Nov. 15 (Bloomberg) -- Germany's billionaire Merckle family is seeking to prop up an investment company battered by wrong- way bets on Volkswagen AG shares and plunging stock markets, three people familiar with the situation said. A group of more ...

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Today's Mortgage Terms starting with F

  • Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac): A semi government agency that acquires conventional loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
  • Federal Housing Administration (FHA): A federal agency within the Department of Housing and Urban Development (HUD), which insures residential mortgage loans made by private lenders and sets standards for underwriting mortgage loans.
  • Federal National Mortgage Association (FNMA or Fannie Mae): This agency purchases loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
  • FHA Loans: Fixed or adjustable-rate loans that are insured by the U.S. Department of Housing and Urban Development. The purpose of FHA loans is to make housing more affordable, especially for first-time homebuyers.
  • First Mortgage: A mortgage which is in first lien, taking priority over all other liens. In case of a foreclosure, the first mortgage will be repaid before any other mortgages.
  • Fixed Rate Loan: Fixed-rate loans have interest rates and payments that are fixed through out the term of the loan.
  • Foreclosure: A legal process in which a mortgaged property may be liquidated to pay off a mortgage loan that is in default.
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