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Boise Towne Square Mall owner on brink of bankruptcy - KTVBNEW YORK -- General Growth Properties Inc. shares plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. GGP owns the ...
Tom Acitelli - New York ObserverProbably the biggest story in the Manhattan office market at the close of 2008 is sublease space. A lot of it's spilling onto the market, a stark indicator of what belted the office market, long the nation's healthiest, off its pedestal just a few ...
Report: Many in Southwest Florida owe more than their home is worth - Naples Daily NewsUpdated 8:31 p.m., Thursday, November 13, 2008 In Lee County, 30.4 percent — or about a third of all homeowners — owe more on their mortgage than their home is worth, according to a quarterly report by Seattle-based Zillow.com. In Collier County ...
Milwaukee reps get Joint Finance Committee posts - Milwaukee Journal SentinelNov. 13, 2008 5:37 p.m. | Madison - Two Milwaukee Democrats were named Thursday to the Legislature's powerful Joint Finance Committee - giving the state's largest city a consolation prize a day after Milwaukee was shut out of top leadership jobs in ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Fitch downgrades MGM Mirage's default rating - CNBCNEW YORK - Fitch Ratings on Wednesday downgraded the outstanding debt owed by casino giant MGM Mirage Inc., citing problems paying for the $9.2 billion CityCenter complex in Las Vegas, slowing condo sales and weak gambling revenue. MGM Mirage shares ...
Election 2008: Hillary Clinton in the news - NewsdayAbout 1,000 union and political activists whooped and shouted their way through a late afternoon rally Wednesday in Eisenhower Park, less than two miles from the site of the presidential debate. Whether you're a follower or an iconoclast, there's a ...
Fitch downgrades MGM Mirage’s default rating - Las Vegas SunFitch Ratings on Wednesday downgraded the outstanding debt owed by casino giant MGM Mirage Inc., citing problems paying for the $9.2 billion CityCenter complex in Las Vegas, slowing condo sales and weak gambling revenue. MGM Mirage shares plunged $1 ...
Even major players feel serious squeeze as revenue drops, debts rise - Las Vegas SunCasino companies’ earnings are plummeting by double digits. Debt costs are rising for many companies. And their customers are spending less. In the financial world, in this economy, those are the trend lines of doom. Indeed, a few smaller operators ...
Investment Sales - New York ObserverIt's going to be a dismal year for Manhattan investment sales. That much is already clear: In the first nine months of 2007, $42.4 billion in buildings and building portfolios traded; in the first nine months of this year, $18.7 billion did . That's ...
Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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