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No. 2 mall operator warns of bankruptcy - WZZM 13NEW YORK (CNNMoney.com & WZZM) -- General Growth Properties Inc., the No. 2 mall operator in the United States, has warned that an ongoing slump in retail sales, combined with the credit market lockdown, has pushed the company to the brink of ...
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 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 ...
Bow's struggles loom large over city's psyche - Calgary HeraldThe company building the mammoth Bow tower is having trouble borrowing cash for construction. And that's one fearful sign of trouble for downtown Calgary. If the gold-plated companies involved in this deal can't secure financing, who can? The ...
Lakeside owner deep in red ink - Macomb DailyThe tumbling economy lost another domino this week with the announcement that bankruptcy is possible for the corporate owner of Lakeside Mall, which owns 200 other shopping centers. General Growth Properties Inc., the nation's second largest mall ...
Credit crunch imperils Cleveland's commercial development projects - Cleveland Plain Dealer BlogJohn Kuntz/The Plain Dealer Credit problems are hurting businesses across the nation. Some commericial developments in Cleveland could be at risk. Cleveland's nascent development renaissance could be standing on shaky ground, with a series of high ...
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 ...
Auto industry troubles leave UAW workers and suppliers struggling and ... - Cleveland Plain DealerJoshua Gunter/The Plain Dealer Auto workers and employees of suppliers to the car manufacturers are fearful that their jobs could disappear in the current economic climate in which car sales in the U.S. have declined from 16 million-plus per year ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Aaron Lucchetti, David Enrich and Susanne Craig send these dispatches from the New York sites of Lehman’s last hours. At the New York Fed’s ...
Today's Mortgage Terms starting with L
Lender: The bank, mortgage company or mortgage broker providing the loan.
Loan Application: A statement of personal and financial information needed to apply for a loan.
Loan Application Fee: A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.
Loan Origination Fee: Fee charged by a lender for the administrative costs of processing a loan.
Loan to Value Ratio (LTV): The balance of the mortgage outstanding as a percentage of the home's price.
Lock or Lock In: A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.
View all Terms