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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 ...
Owner of Highland Mall may file bankruptcy - KEYE AustinOne of the owners of Highland Mall tells us it might file bankruptcy if it can't refinance it's debt. Highland is one of the oldest mall in town, and the only one that serves north and east Austin. The start of the holiday hustle and bustle is weeks ...
Highland Mall co-owner says debt situation is perilous - Austin American-StatesmanGeneral Growth Properties, the co-owner of Highland Mall in Austin, among other properties, said it might be forced into bankruptcy if it cannot refinance its debt. The company's shares plunged 64 percent, to 49 cents on the news. "Our potential ...
Statesman Business Blog - Austin American-StatesmanThe entry titled "Highland Mall co-owner warns of bankruptcy possibility." General Growth Properties, half-owner of Highland Mall in Austin among other properties, said it might be forced into bankruptcy if it cannot refinance its debt. The company ...
General Growth Properties may seek protection - Austin Business JournalGeneral Growth Properties, the co-owner of Highland Mall, says it may be forced to seek protection from its creditors as it struggles to refinance debt. The company’s stock tumbled as much as 70 percent in Tuesday trading. Chicago-based General ...
Trump sues lenders of unfinished skyscraper: WSJ - ReutersNEW YORK, Nov 7 (Reuters) - Donald Trump sued the lenders of an unfinished Chicago skyscraper as he seeks an extension of the credit facility, amid the impact of the financial crisis in the real estate business, the Wall Street Journal said on its ...
Mortgage crisis has turned homeownership upside down - Daily PressJoey Goldner had a $729,000 mortgage on a Highland Park home that he eventually sold for $450,000. ( Tribune photo by Chris Walker / October 9, 2008) Joey Goldner always approached real estate with a gardener's zeal. He'd plant his money in a ...
Do Not Disturb - CNBCIn our interactive/reality TV culture, Embassy Suites decided to get patrons in on the decision to create new “Do Not Disturb” signs (“DND”). Ok, the pillow fight one is kinda cute. I’m not sure I get the one that says, “Aww Mom, just ...
Funding For Commercial Real Estate Down - Seekingalpha.comSeeking Alpha's Housing Tracker is a collection of housing-related excerpts from various sources, grouped by topic. Feel free to post any interesting links on the subject in the comments section below. California developers obtain funding for multi ...
Tide of ‘underwater’ homes rising - Providence JournalCHICAGO — Joey Goldner always approached real estate with a gardener’s zeal. He’d plant his money in a building, patiently care for it and watch its worth grow. For 30 years, it was a brilliant avocation — right up until the heavy thud of the ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
View all Terms