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PRESS DIGEST-Australian Business News - Dec 4 - CNBCCompiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) -- West Australian Newspapers (WAN) has lost half of its board following the sudden ...
Fear Factor - SlateThe stock market rallied today after President Bush announced a deal under which mortgage lenders would cut subprime borrowers some slack and freeze rates. As such, it represents the latest effort by the financial-industrial complex to draw a bottom ...
Mortgage modification nation: Gentlemen, start your engines - Los Angeles Times BlogsThe mortgage modification movement is poised for a big jump off the starting blocks with the Friday announcement by JP Morgan Chase & Co. of plans to modify terms on $70 billion in home loans for as many as 400,000 borrowers, according to today's ...
No. 5: If Bond Isn't Your Word . . . - Los Angeles TimesThe stock market's dazzling performance, particularly lately, has convinced most investors that equities are worth owning. But the same can't be said of bonds. Their yields have been lackluster in recent years. Moreover, largely because some ...
Brown tells the lenders to cut mortgage rates - ScotsmanBANKS were under growing pressure last night to pass on dramatic savings to borrowers after the Bank of England slashed interest rates by 1.5 percentage points. Only Lloyds TSB confirmed it would adjust mortgage rates immediately, despite demands ...
Leinberger, Lovaas chat with CNN.com viewers - CNNChat Moderator: Do the people who complain most about urban sprawl and long commutes recognize that they are part of the problem? Deron Lovaas: That's a tough question. Some people do. Many do not. Actually, a lot of people recognize that this is a ...
Now it's Citigroup's turn (updated) - American ThinkerWhen the New York Times refers to the bailout plan for Citigroup as "radical," it must be somewhere out near Mars: Federal regulators approved a radical plan to stabilize Citigroup in an arrangement in which the government could soak up billions of ...
Scientology intruder had been in Lane jail - Register-GuardFLORENCE — Mario Jay Majorski, shot dead on Sunday by security guards at the Church of Scientology Celebrity Centre in Hollywood, was released from the Lane County Jail because of overcrowding two weeks ago, the same day he was arrested by Eugene ...
Weeks After Bank Bailout, No Help for Homeowners - Common DreamsBOSTON - Nearly five weeks after Congress gave the nod to a 700-billion-dollar bailout fund, and as the economy sinks deep into a recession, no definite plan is in sight for struggling U.S. homeowners. "We have the potential for a true economic ...
Who Will Protect Us From Plunge Protection? - Common DreamsI often think about the alphabet of the financial crisis -- a lexicon of terms like plunder -- I wrote a book taking off on that idea -- but, also related 'P' words: pricing, panic and plunge. I think of this last one spelled this way: plungeeeeeee ...
Today's Mortgage Terms starting with V
VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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