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News about Mortgages:
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 ...
Bankruptcy Won't Affect Eastern Idaho Malls - Idaho8.comThe tough times have hurt a company which owns two shopping malls in Eastern Idaho. Now, it's on the brink of bankruptcy. General Growth Properties owns the Grand Teton Mall in Idaho Falls and Pocatello's Pine Ridge Mall. Monday in an SEC filing, it ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
View all Terms