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Collateral (finance) - Collateral is a word used for assets that secure a debt obligation. For example, in the case of a mortgage the house serves as the collateral for the mortgage loan.

Foreign currency mortgage - A Foreign currency mortgage is a mortgage which is repayable in a currency other than the currency of the country in which the borrower is a resident. Foreign currency mortgages can be used to finance both personal mortgages and corporate mortgages.

Adjustable rate mortgage - An adjustable rate mortgage or variable rate mortgage is a loan secured on a property (house) whose interest rate and so monthly repayment vary over time. Other forms of mortgage loan include interest only mortgage, fixed rate mortgage, Negative amortization mortgage, discounted rate mortgage and balloon payment mortgage.

Olu Falae - Olu Falae is a Nigerian politician. A banker by profession, he served as the Minister of Finance in the military regime of Ibrahim Babangida in the late 1980s and early 1990s.


Suggested Web Sites

Reesby and Company Merchant Bankers New Zealand - Merchant bankers specialising in debenture financing for companies and corporates, residential mortgage finance, and debt financing for property development and investments.

Comfort Mortgage Corporation - Mortgage banker provides mortgage financing in New Jersey.

Apple Bank Mortgage - Mortgage banker offers mortgage financing programs on properties located in the New York Metropolitan area and Connecticut only.

Source: BazSites.net

Web Links

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The World Is Curved: Hidden Dangers to the Global Economy : Picking up where Thomas Friedman's "The World Is Flat" leaves off, "The World Is Curved" takes listeners on an insider's tour through the private offices of central bankers, finance ministers, and even prime ministers to reveal how today's risky environment came to be and why the mortgage mess is a symptom of potentially far more devastating trouble.
















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