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Redstone Said to Consider Sale of Theater Chain to Hold On to CBS ... - Bloomberg
Nov. 25 (Bloomberg) -- Sumner Redstone may sell the theater chain owned by his National Amusements Inc. holding company to keep control of CBS Corp. and Viacom Inc. , according to a person with knowledge of the discussions. Redstone told bankers he ...

Dallas-Fort Worth cities cautious about '09 budgets - Dallas Morning News
ARLINGTON – The ink was barely dry on the new budget when the Arlington City Council decided this month to chop $1 million from its spending plan. Concerns about the troubled economy convinced the council that cuts were needed less than two months ...

from Archives - News: - Star Community Newspapers
General Growth Properties Inc. (GGP), owner of Collin Creek Mall and Stonebriar Centre, may be forced to seek bankruptcy protection from its creditors if its debt can't be extended or refinanced. Both malls will remain open for business, officials ...

Dallas area feeling pain of ailing economy - Dallas Morning News
The credit crisis has hit Texas. T. Boone Pickens is having trouble financing the world's largest wind farm in West Texas. Jerry Jones may need a quick loan to keep the new Cowboys stadium on track. Retail stores are closing all over town; some are ...

General Growth Properties may seek bankruptcy protection - Dallas Business Journal
General Growth Properties , parent company and manager of major shopping center properties across the country, says it might be forced to seek bankruptcy protection from its creditors as it struggles to refinance debt. The company's stock tumbled as ...

For Housing, Hope Should Not Cloud Hard Reality - CNBC
I’m all about the hope, awash in it in fact, and no, I’m not being facetious. How could any American, even those of the non-winning party, not feel some sense of positive change, despite the fact that our president-elect, in accepting his new job ...

Redstone May Sell Theater Chain to Retain CBS, Viacom (Update2) - Bloomberg
Nov. 25 (Bloomberg) -- Sumner Redstone may sell the theater chain owned by his National Amusements Inc. holding company to keep control of CBS Corp. and Viacom Inc. , according to a person with knowledge of the discussions. Redstone told bankers he ...

Hulen Mall management company could seek bankruptcy protection - Fort Worth Business Press
Shopping mall management company General Growth Properties Inc., which operates properties in Arlington and Fort Worth, said the weak credit market and overall economic slowdown may prompt it to search for the cash necessary to stay afloat in a ...

Mall owner faces possible bankruptcy; U.S. 380 mall put on hold - McKinney Courier-Gazette
General Growth Properties Inc. (GGP), owner of Stonebriar Centre and Collin Creek Mall in Plano, may be forced to seek bankruptcy protection from its creditors if its debt can't be extended or refinanced. Both malls will remain open for business ...

Mitch Schnurman: Mortgage bailout is good for everybody - Fort Worth Star-Telegram
It sounds heartless, maybe even bitter, to ask the question: Why should we rescue people who aren’t making their home payments? Foreclosures are a huge problem, no doubt. Yet the vast majority of Americans are paying their mortgages on time, even ...

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Today's Mortgage Terms starting with S

  • Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
  • Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
  • Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
  • Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.

    View all Terms
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