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Greater China economic and corporate news summary - CNBCBEIJING (XFN-ASIA) - A summary of Greater China economic and corporate news at 1000 GMT HONG KONG: -Yip's Chemical H1 net profit 157.95 mln hkd vs 155.38 mln -BOC Hong Kong unit raises mortgage rates by 50 basis points -China Investment Corp to avoid ...
STOCKS NEWS Reuters Results diary - Reuters UKCredit Suisse (CSGN.VX: Quote , Profile , Research ) is the biggest Swiss blue-chip faller on concerns the bank's corporate credits and commercial mortgage investments could be further affected by the economic downturn, pushing the bank into another ...
China Dabbles In Swiss Banking - ForbesA generation ago, you wouldn't have dreamt that a Chinese bank would one day help the world's richest people invest their money, and in Switzerland of all places. But China has come a long way from the days of Communism and little red books, to the ...
Polish c.bank offered 250 mln CHF in swaps in banks - FXStreet.comWARSAW, Dec 3 (Reuters) - Poland's central bank accepted bids from banks for 250 million Swiss francs in currency swaps on Wednesday, the central bank said on Reuters page. The swaps have 84-day maturity. On Tuesday the Polish central bank and the ...
Franc-denominated mortgages disappearing - Warsaw Business JournalMore than one million people in Poland own a mortgage, and 90 percent of those taken in H1 of this year were in Swiss francs This is all about to change, however, as more and more banks are refusing to hand out loans denominated in foreign currencies ...
Switzerland Gross Domestic Product: Economic Data Preview - DailyFxSwitzerland is expected to see Gross Domestic Product at a standstill in the third quarter to bring the annual rate of economic growth to just 1.7%, the lowest in over 5 years. Last month, the Swiss National Bank unexpectedly slashed interest rates ...
UBS uncovers tax fraud cases - Guardian UnlimitedTroubled Swiss bank UBS today admitted it had uncovered a "limited number" of cases of tax fraud under both US and Swiss tax law. The revelation came from the chairman, Peter Kurer, as US authorities continue to look into the tax advice UBS has given ...
Swiss Franc Rallies Versus Majors - RTT News(RTTNews) - The Swiss franc advanced against its major counterparts on Monday in New York, including hitting 2-week highs versus the sterling and euro on Monday in New York. Investors shrugged off a report showing Swiss manufacturing contracted more ...
UBS may have to lift Swiss bank veil of secrecy - Times OnlineSwitzerland's once proud banks may have to lift their celebrated secrecy, the chairman of UBS admitted today, as he sought to deflect claims of involvement in tax fraud in the US where the group is under official investigation. In an unprecedented ...
UBS to handle Lehman Japan loan sale -sources - Economic TimesTOKYO: UBS AG has been hired to arrange the sale of real estate loans extended by the Japanese unit of failed investment bank Lehman Brothers, four people familiar with the matter said. Swiss bank UBS will seek buyers for loans extended through ...
Today's Mortgage Terms starting with S
Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.
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