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General Growth Properties gets loan reprieve - 14 WFIECHICAGO (AP) - General Growth Properties has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy. The company says the mortgages cover two malls, Fashion Show and ...
Four Things to Know Before You Refinance Your Mortgage - CNBCThe Federal Reserve's decision to buy up mortgaged-backed securities caused mortgage rates to fall and created new opportunities. Should you refinance your mortgage now? Before you rush to refi, take a few minutes to determine if it's the right move ...
Cash Crunch? Maybe It’s Time to Cash Out? - Newport Plain TalkIt’s that time of year when people start scrambling for cash or assess their financial standings. Thinking about pulling equity out of your property? Know what your options are before making a move… It’s probably safe to say that today’s ...
Bursting Bubbles Smack Japan's Midsized Developers - ForbesIn the latest sign that the global credit crunch is taking its toll in Japan a midsized condominium developer, Morimoto Co., declared bankruptcy Friday, scuttled by $1.7 billion in debt it could not repay. Only the $2.4 billion failure of rival ...
Are you an idiot to keep paying your mortgage? - ABC 15 NewsIf you have significant equity in your home, absolutely. If you don't, it's getting harder to answer that question, especially when our government keeps giving people who owe more than their homes are worth so many reasons not to pay. Last week, the ...
Fed Aid Sets Off a Rush to Refinance - Wall Street JournalThe Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs. Some ...
India's acquisitive tycoons start selling to raise new funds - Times OnlineBankers expect a wave of asset sales by cash-strapped Indian companies as the country's tycoons struggle to refinance their over-ambitious expansion plans. India's banking system has practically ceased corporate lending after the collapse of Lehman ...
ReFi Time: Mortgage Rates Drop On New $800 Billion Intervention - Consumerist.comIf you're looking to refinance a home and have cash and good credit, now is a good time to pull the trigger. Yesterday the government announced the latest Federal golden bandaid: a pledge to inject $800 billion directly into the credit markets, news ...
Not So Fast: Corporate Borrowers Win Waivers - CFO.comJust as over-extended homeowners are trying to rework hefty mortgage or other debt payments, a growing number of cash-strapped companies are seeking reprieves from lenders as well. General Growth Properties, for one, reached agreement with its ...
Banks want easier NPA norms, special window for SMEs - Business StandardIn addition, the lenders want changes in the norms related to non-performing assets (NPAs) to help them tide over the problem of rising defaults in the small scale sector. According to a source close to the development, Indian Banks’ Association ...
Today's Mortgage Terms starting with R
Refinancing: The repaying of a debt with the proceeds from a new loan using the same property as collateral. The reason for refinancing is to get a lower interest rate.
View all Terms