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Commercial real estate in for tough 2009 - Associated PressNEW YORK (AP) -- The balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time ...
Rising vacancies in office buildings may imperil lenders - Dallas Morning NewsVacancy rates in office buildings exceed 10 percent in virtually every major U.S. city and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders. With job cuts rampant and businesses ...
Construction spending falls less than expected - Kansas City StarConstruction spending fell less than expected in November as record activity on nonresidential projects helped offset another steep decline in housing. The outlook, however, is for significant weakness as the worst recession in at least a quarter ...
Kuwait Bank Defaults on Debt - Wall Street JournalDUBAI --Top Kuwaiti bank Global Investment House said Thursday it defaulted on most of its $3 billion debt obligations, raising concerns that other Arab Gulf financial firms may follow as the world financial crisis is spreading to the region. Getty ...
Read More: Commercial Real Estate , Commercial Vacancy , Vacancy Rates ... - Huffingtonpost.comVacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders. With job cuts rampant and ...
Commercial real estate faces tough year as vacancies rise - Buffalo NewsNEW YORK — The balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time of ...
High office building vacancies may mean trouble for banks - New London DayVacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders. With job cuts rampant and ...
U.S. commercial property in a downward spiral - International Herald TribuneNEW YORK : Vacancy rates in office buildings exceed 10 percent in virtually every major city across the United States and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for the beleaguered financial ...
Office vacancies loom as problem - Boston GlobeVacancy rates in office buildings exceed 10 percent in virtually every major US city and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders. With job cuts rampant and businesses ...
Mortgage rates hit record low but home equity lacking - Pueblo ChieftainWASHINGTON - Mortgage applications remain at their highest level in more than five years as borrowers take advantage of record-low rates and rush to refinance their home loans. Some lenders are advertising rates of 5 percent or lower on 30-year fixed ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms