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News about Mortgages:

Bankruptcy threatens RiverTown Crossings owner - Grand Rapids Press
GRANDVILLE -- It's unclear if West Michigan's largest mall, RiverTown Crossings, will go up for sale as owner General Growth Properties Inc. scrambles to refinance $1 billion debt due next month. But a change in ownership isn't expected to impact ...

No. 2 mall operator warns of bankruptcy - WZZM 13
NEW YORK (CNNMoney.com & WZZM) -- General Growth Properties Inc., the No. 2 mall operator in the United States, has warned that an ongoing slump in retail sales, combined with the credit market lockdown, has pushed the company to the brink of ...

Today's Mortgage Terms starting with V

VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.

Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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