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Kenwood Centre owner issues warning - Cincinnati.comCHICAGO - The owner of Kenwood Towne Centre and Florence Mall 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. Real estate investment trust General ...
Alexandria Mall owner may file for bankruptcy - Alexandria Daily Town TalkGGP, a real estate investment trust headquartered in Chicago, is the nation's second largest mall owner. The company said in a regulatory filing this week that it faces solvency trouble and may seek bankruptcy if it can't refinance or extend nearly ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
2008 (2665) - Dakota Voice► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...
Daily Report - Baton Rouge Business ReportGeneral 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. The real estate ...
An Invitation to Our Readers - BusinessWeekEarlier this year, we launched a new and innovative feature on BusinessWeek.com to prominently highlight the insights of our readers. Called In Your Face , it calls attention to the most substantive comments left on our site by our readers. Not only ...
Injuries reported in crash near Beloit and Morgan - Milwaukee Journal SentinelBarron County Circuit Judge James Babbitt has ruled there's enough evidence for Michael Millermon to go to trial. Babbitt ordered a mental competency exam. Millermon was ordered to stay away from any school property and the district's students. Court ...
Unemployment hits 14-year high; worse is to come - Milwaukee Journal SentinelThe Labor Department reported Friday that the unemployment rate hit 6.5% in October, up from 6.1% in September and the steepest seasonally adjusted rate since March 1994. But as lousy as the data looked from October, worse appears to be ahead. "I ...
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.
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