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News about Mortgages:
General Growth Properties retains Sidley Austin LLP in ‘advisory ... - Pacific Business NewsGeneral Growth Properties has hired one of the nation's largest law firms as it considers filing for bankruptcy protection. Chicago’s General Growth Properties Inc. (NYSE: GGP) said in a statement that it has hired international law firm Sidley ...
General Growth stock tumbles - Pacific Business NewsGeneral Growth Properties Inc. , the Chicago real estate investment trust with several properties in Hawaii, saw the value of its stock hit a new 52-week low on Thursday. Shares of General Growth (NYSE: GGP) closed at $2.80 per share, down 8 percent ...
General Growth Properties may seek protection - Pacific Business NewsGeneral Growth Properties, owner of 200 malls nationwide, says it may be forced to seek protection from its creditors as it struggles to refinance debt, suggesting bankruptcy may be just ahead. The company’s stock tumbled as much as 70 percent in ...
Ala Moana, Ward Centers owner facing bankruptcy - Honolulu Star-BulletinGeneral Growth Properties Inc. , owner of Ala Moana Center and Ward Centers in Hawaii, said yesterday it is facing the possibility of bankruptcy if it fails to refinance or extend nearly $1 billion in debt due next month. The real estate investment ...
Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
View all Terms