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ProLogis Closes RMB 723 Million ($105.8 Million) Refinancing - TradingMarkets.com
The facility has two components, a RMB 249 million ($36.4 million) term loan and a RMB 474 million ($69.4 million) revolver. Proceeds will be used to refinance the RMB 721 million ($105.6 million) RMB tranche of the company's global line of credit ...

ProLogis Closes $104.7 Million Portfolio Financing for ProLogis North ... - MSN MoneyCentral
DENVER , Dec. 2 /PRNewswire-FirstCall/ -- ProLogis PLD , a leading global provider of distribution facilities and services, announced today that it has closed a $104.7 million , secured financing with a large institutional investor on behalf of an ...

Roads and Skies Emptier Than Usual at Start of Thanksgiving Travel ... - FOX News
CHICAGO — Travelers breezed through airport terminals Wednesday and drivers cruised open roads, the effects of a sour economy blamed for keeping people closer to home at the start of the annual Thanksgiving rush. Even though gas prices fell and ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

City Council votes to refinance Del Mar Shores School mortgage - San Diego Union-Tribune
DEL MAR – To save money on interest and buy more time for a fundraising drive, Del Mar city leaders have decided to refinance the mortgage on a surplus school site that will become the city's newest public park. Del Mar Shores School closed in 1970 ...

New York Deer Hunter Kills Toddler With Stray Bullet - FOX News
SWAN LAKE, N.Y. — An upstate toddler was killed by a stray bullet when a New York City deer hunter fired his rifle too close to her grandparents' Hudson Valley home. Edward Taibi, 45, of Queens was being held without bail Monday after arraignment ...

As borrowers stumble, bankruptcies soar in state - AZCentral.com
Nationally, bankruptcy filings so far this year have surpassed the full year's tally from 2007. "We've been busier than I ever remember, and I've been doing these since the 1980s," said Joe Volin, a Tempe bankruptcy attorney. "I've never seen ...

Los Angeles Sheriff to Ban Off-Duty Deputies From Mixing Booze, Guns - FOX News
LOS ANGELES — The nation's largest sheriff's department plans to ban deputies from carrying guns if they've been drinking, saying there have been too many arrests of tipsy deputies for drunken driving, brandishing weapons, shooting people and other ...

General Growth plunges on viability concerns - Guardian Unlimited
In the event that we are unable to extend or refinance our debt or obtain additional capital on a timely basis and on acceptable terms, we will be required to take further steps to acquire the funds necessary to satisfy our short term cash needs ...

Localities Firming Up Foreclosure Aid Plans: Proposals Due Soon On ... - Washington Post
The massive housing bill that passed Congress this summer will deliver $22 million to the Washington region's jurisdictions, and local governments must decide in the next few weeks how to spend that money to erase the blight of abandoned and ...

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Today's Mortgage Terms starting with S

  • Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
  • Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
  • Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
  • Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.

    View all Terms
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