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Former GE plant labeled hazardous - Delaware County Daily TimesCOLLINGDALE — The former General Electric Static Power Plant has been labeled a hazardous waste site by the Pennsylvania Department of Environmental Protection after groundwater samples tested positive for Trichloroethylene, an industrial solvent ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. When Deal Journal told people we were going to cover an event honoring the 25 Most Powerful Women in Banking, a common reaction was: “There ...
Commercial brokers plan merger - Raleigh News & ObserverThe acquisition of Trammell Crow is likely to bolster CB Richard Ellis Group's Triangle presence. CB Richard Ellis, which has 17 brokers and five property managers in Raleigh, manages a portfolio of about 4.1 million square feet locally, said Butch ...
2009 commercial real estate outlook darkens - MSNBCNEW YORK - What a difference six weeks makes. Like blows to the commercial real estate industry, the headlines just keep coming: Circuit City files for bankruptcy protection, DHL is slashing its U.S. operations, Wall Street is handing out pink slips ...
News Corp. - Baltimore SunRankings for the top 15 programs on cable networks as compiled by Nielsen Media Research for the week of Nov. 10-16. Day and start time (EST) are in parentheses: 1. NFL Football: San Francisco vs. Arizona (Monday, 8:30 p.m.), ESPN, 8.68 million homes ...
Americans are Buying in Europe, Just Less So - Wall Street JournalBERLIN -- As the U.S. economy braces for the possibility of a deep recession, there is a perception in Europe that American investors are dumping properties across the Continent to raise cash. But data prepared for The Wall Street Journal by property ...
LOOK TO LARRY - New York PostBillionaire real estate mogul Larry Silverstein is gunning to buy the iconic GM Building from beleaguered developer Harry Macklowe in a deal that could fetch about $3.5 billion ahead of a deadline for bids, according to sources familiar with the ...
Bankruptcy threatens RiverTown Crossings owner - Grand Rapids PressGRANDVILLE -- It's unclear if West Michigan's largest mall, RiverTown Crossings, will go up for sale as owner General Growth Properties Inc. scrambles to refinance $1 billion debt due next month. But a change in ownership isn't expected to impact ...
In Paris, Lehman Sets a Fire Sale - Wall Street JournalGiven the continuing dearth of real-estate transactions and slide in property valuations across Europe, all eyes are on the potentially imminent sale of the prestigious Coeur Defense office complex in Paris. Getty Images The sale is likely to be a ...
ANALYSIS-Stung on Wall St, Asian wealth funds eye home turf - ForbesSINGAPORE, Oct 28 (Reuters) - Asian sovereign wealth funds may become more visible shoring up markets closer to home as emerging economies look to their deep pockets to steer around the damaging effects of global market turmoil. The shift will come ...
Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
View all Terms