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UPDATE 1-New York Times sees charge for unit closing - FXStreet.comNEW YORK, Dec 2 (Reuters) - The New York Times Co will cut 530 jobs and take a charge of up to $53 million for closing its City & Suburban unit, which distributes the company's namesake newspaper in the New York City area. The Times plans to save ...
Rise and fall of Citigroup - Electric New PaperYOU could almost sense that nervous, somewhat uneasy, almost palpably put-on calm among staff when you walked into any Citi Singapore branch last Monday morning. CUT: Citigroup is shedding 52,000 employees after suffering massive losses. (Above) A ...
Fixed rates fall below 6% - Philadelphia InquirerFor the third time this year, fixed interest rates have fallen below 6 percent, boosting business for lenders at the start of the typically slow holiday period. Rates for 30-year mortgages have been at or near 5.50 percent since Nov. 26, the result ...
Are sweeping changes coming for mortgage finance? - Miami HeraldWASHINGTON - Adding to a mounting chorus in the nation's capital that the Bush administration must do more to reverse the nationwide housing slump, Federal Reserve Chairman Ben Bernanke on Thursday spelled out several aggressive steps that government ...
Children’s savings accounts stay over 7pc - Daily TelegraphHowever, there is the occasional silver lining to be found. This week, for example, The Nottingham introduced the latest issue of its children’s regular savings account paying an impressive 7.5pc gross interest, fixed for a year. Issue seven on the ...
Abraham promises to be in lineup at San Diego - FOX NewsFLOWERY BRANCH, Ga. — John Abraham promises he will play Sunday at San Diego. The Falcons' three-time Pro Bowl defensive end didn't return after sustaining a mild concussion in last week's win over Carolina. Tied for third in the NFL with 12 sacks ...
PFF's downfall closes chapter in Inland Empire history - Inland Valley Daily BulletinThe rise and fall of the Inland Empire's most historically significant - and oldest - financial institution is a story that goes hand-in-hand with the region's economy. To customers and local residents, PFF was an icon. Mickey Gallivan, president of ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. As General Motors faces a liquidity crisis many of the company’s retirees are trying to navigate Medicare and plan for their own finances in ...
Capital One to buy Chevy Chase Bank - The Washington TimesThe Chevy Chase Bank is one of a dozen banks located along one mile of Maple Avenue in Vienna. Bert V. Goulait / The Washington Times. From combined dispatches McLean-based Capital One Financial Corp. is expected to announce Thursday that it will buy ...
Consolidation means huge bank savings - IndependentShare FRIDAY'S disastrous mortgage figures, which show new homeloan lending at its lowest level since 1986, reveal just how severe the Irish banking crisis has become. However, whoever eventually gets their hands on the Irish-owned banks will be able ...
Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
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