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Financial News
Conference puts focus on foreclosure amid calls for feds to refinance ... - Maryland Daily Record
In the last three months, the meltdown of Wall Street institutions and Congress’ $700 billion bank bailout package have knocked the subprime mortgage and foreclosure crisis off the front pages of newspapers nationwide. On Wednesday in Baltimore ...

BSkyB to raise $600 million in bond issue to refinance debt, make ... - Baltimore Sun
LONDON (AP) _ Satellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses. BSkyB, whose biggest shareholder is Rupert Murdoch 's News Corp ...

Former Ecuadorean officials deny benefiting from allegedly ... - Baltimore Sun
QUITO, Ecuador (AP) _ Former Ecuadorean leaders said Friday that President Rafael Correa was playing politics when he accused them of taking bribes during $3.9 billion in debt renegotiations. Correa said the former officials and two investment banks ...

General Growth Properties retains Sidley Austin LLP in ‘advisory ... - Baltimore Business Journal
Baltimore’s biggest mall owner has hired one of the country’s largest law firms as it considers filing for bankruptcy protection. Chicago’s General Growth Properties Inc. (NYSE: GGP) said in a statement that it has hired international law firm ...

November 2008 - Weblogs.baltimoresun.com
Whenever chaos rules the economy and financial markets, I try to find financiers who have fended off the storm and resisted the temptations that brought down their competitors. It's always a bit of a risk. The company that appears strong today may be ...

In Brief - Vancouver Sun
EAST RUTHERFORD, N.J. - Cleveland's LeBron James became the youngest player to score 11,000 career NBA points in Tuesday's game against the New Jersey Nets. The Cavaliers forward needed 13 points to succeed Kobe Bryant as the youngest player to reach ...

Howard planners give conditional OK to GGP proposal for Columbia - TradingMarkets.com
In a 76-page report, the county's Department of Planning and Zoning praises developer General Growth Properties' ideas as "interesting and innovative." At the same time, the department asks that the company meet certain requirements, such as for ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed 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 ...

Hope for Homeowners program appears dashed - Baltimore Sun
The government's Hope for Homeowners plan launched Oct. 1 was initially projected to help as many as 400,000 struggling borrowers avert foreclosure over the next three years. But fewer than 100 homeowners applied to the program in October, and the ...

Greenspan: Financial crisis will get worse - Baltimore Sun
WASHINGTON - Federal regulators told Congress today they're working on a plan that could help many distressed homeowners escape foreclosure in a global financial crisis that former Federal Reserve Chairman Alan Greenspan warned will get worse before ...

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Today's Mortgage Terms starting with N

  • Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
  • Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.

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