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In-Depth: The Top 5-Selling Games Of 2008 So Far [11.17.08] As part of Gamasutra's comprehensive new U.S. sales analysis following October NPD results, we've extrapolated the top 5 selling video games of 2008 so far in the region, from Smash Bros ...

SUMNER SQUEEZE - New York Post
National Amusements, the movie-theater chain that controls Sumner Redstone's interests in Viacom and CBS, faces the difficult task of getting more than 50 institutions to unanimously agree on revised terms to refinance $800 million of the company's ...

Redstone's firm in refinancing talks - Boston Globe
NEW YORK - Sumner Redstone's National Amusements Inc. is in talks to refinance $1.6 billion in unsecured notes and bank debt because of the stock plunges in CBS Corp. and Viacom Inc. , said a person close to the company. The "precipitous drop ...

SUMNER BUMMER GROWS - New York Post
The credit squeeze continues to tighten on media titan Sumner Redstone and National Amusements, the holding company for his controlling interests in Viacom and CBS. Privately held National Amusements yesterday said that it is in talks with its ...

Rupert Murdoch Eyeing Sumner Redstone’s Problems With Glee - Nymag.com
According to the Daily Beast, News Corp. chairman Rupert Murdoch is delighted by the personal and financial travails of Sumner Redstone. For years, Redstone, the majority owner of media empires CBS and Viacom, had been building up his reputation as a ...

Strapped Redstone tries to renegotiate $1.6-billion loan - Los Angeles Times
With pressure mounting on media mogul Sumner Redstone to dig his way out of his own credit crisis, the billionaire's privately held firm, National Amusements Inc., was scrambling Friday to renegotiate a $1.6-billion bank loan. The company faces a ...

Sumner Redstone's Debt Problem Is Really A Divorce Problem--And It's ... - Alleyinsider.com
Last week, shares of CBS and Viacom got slammed when National Amusements Inc. (the investment vehicle for Chairman Sumner Redstone) announced it was selling off a major chunk in the two companies to comply with debt covenants. By Monday, that sale ...

Bad Day For Midway - Forbes
Sumner Redstone 's videogame publisher Midway Games had a doozy of a day, losing 12% of its market value with the billionaire wrapped up in talks with his creditors. The capital may have been needed to pay back borrowed money used to keep National ...

UPDATE 3-Redstone's National Amusements faces debt crunch - Reuters
NEW YORK, Oct 17 (Reuters) - Sumner Redstone's National Amusements Inc is in talks with bankers to renegotiate terms on a $1.6 billion debt, due to a sharp drop in the value of two major assets, CBS Corp (CBS.N: Quote , Profile , Research , Stock ...

Redstone Won't Sell More Stock; Lender Talks `Smooth' (Update2) - Bloomberg
Nov. 13 (Bloomberg) -- Sumner Redstone said he has no plans to sell more stock in Viacom Inc. or CBS Corp., and that talks to restructure debt at his National Amusements Inc. ``are proceeding in a smooth and constructive manner.'' Redstone's closely ...

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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.

    View all Terms
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