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Commercial-Mortgage Bond Risk Rises After Loan Delinquencies - BloombergNov. 19 (Bloomberg) -- The cost to protect top-rated commercial-mortgage bonds against default rose to a record, a day after two bad loans boosted concern the debt will cause losses. The cost of default swaps on AAA rated bonds rose 161.8 basis ...
Battle of Tarawa remembered on 65th anniversary - Las Vegas SunMaster Sgt. James M. Fawcett got on his knees and gently mixed his father's ashes with sand on the same Pacific beach where the elder Fawcett fought his way ashore 65 years ago. Maj. James L. Fawcett died in September at the age of 89. He wanted his ...
Alleged scam promises to eliminate debt, taxes - Maui NewsLocal companies that allegedly conned homeowners out of hundreds of thousands of dollars by selling fake bonds to avoid foreclosure, are also promising to negate property taxes and eliminate credit card debt, according to victims and lenders. The FBI ...
Schools, businesses feel effects of neighborhood's misery - San Diego Union-TribuneCHULA VISTA – During the first half of the decade, when home prices were soaring, the Rev. Carl Dreves watched in amazement as new neighborhoods took shape in sprawling Otay Ranch. Jesus Muñoz thought he had it all figured out. Muñoz never ...
Cash is king as freeze hits - AgeThe crisis has highlighted a structural imbalance with mortgage funds, writes Annette Sampson. Earlier this month the Reserve Bank announced it was expanding its repurchase operations to include some forms of commercial debt. The fact the ...
Is Japan's 'lost decade' a window to the future? - Globe and MailTOKYO -- As the worst financial crisis since the Great Depression unfolds around the world, everyone is wondering what the future holds. How bad could this get? For some sobering answers, just ask Kazumi Suzuki. With a bitter laugh, he recalls how he ...
Aging parents move in with their kids - Los Angeles TimesTheir homes are too big, their friends have moved or their families are too far-flung. But those aren't the only reasons aging adults are moving into separate residences on their children's properties. "I think it's good for my grandkids to see the ...
European Bonds Trounce Treasuries as ECB Catches Up (Update2) - BloombergNov. 17 (Bloomberg) -- The looming global recession is prompting investors to shift funds into European government bonds at the expense of Treasuries on speculation policy makers have more scope to cut interest rates than the Federal Reserve. An ...
Is Japan's ‘lost decade' a window to the future? - Globe and MailTOKYO — As the worst financial crisis since the Great Depression unfolds around the world, everyone is wondering what the future holds. How bad could this get? For some sobering answers, just ask Kazumi Suzuki. With a bitter laugh, he recalls how ...
Poor People's Dinner fund-raiser on Staten Island tonight - Staten Island AdvanceAdvance file photo Gabriel Farini, 8, was one of many youngsters who attended last year's Poor People's Dinner. Project Hospitality is holding its annual Poor People' Dinner tonight at the Hilton Garden Inn in Staten Island's Bloomfield community ...
Today's Mortgage Terms starting with T
Term: The period of time in which a loan must be paid off.
Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.
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