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Owner of 7 malls in Washington faces possible bankruptcy - Seattle Post Intelligencer
A Chicago company that owns seven mall properties in Washington state faces financial trouble and possibly bankruptcy, but its shopping centers will continue to operate as usual. General Growth Properties Inc. operates Westlake Center in downtown ...

Fitch U.S. Retail Outlook: Navigating a Difficult Path for Holiday and ... - CNBC
NEW YORK, Nov 19, 2008 (BUSINESS WIRE) -- Fitch Ratings expects that the 2008 holiday season will be extremely challenging for retailers and could be the weakest season over the past two decades. Real retail sales turned negative in the back to ...

Desperate house… holds? - L'Express
The world’s three largest economies are in the midst of a marked slowdown. In the US, third quarter gross domestic product (GDP) contracted at its fastest pace since late 2001 on account of the biggest decline in consumer spending in 28 years (with ...

Macy's Has A Brand New Bag - Forbes
Macy's isn't the only American retailer to be suffering from the financial crisis , and it wants investors to know that its hurting less than most. The Cincinnati-based company will give investors monthly updates on its health beginning Nov. 6, when ...

New manager for market? - Boston Globe
Merchants at Faneuil Hall Marketplace are asking the City of Boston to run the outdoor shopping center if their current landlord, General Growth Properties Inc. , files for bankruptcy protection. General Growth, the second-largest US mall operator ...

Local mall operator says it's at risk for default - Boston Globe
The mall operator whose portfolio includes such local shopping centers as Natick Collection (above), Faneuil Hall Marketplace , and Providence Place warned that it faces solvency trouble. Shares of General Growth Properties Inc. fell yesterday after ...

Maid-Turned-Realtor Ran Vegas Mortgage Scam, Prosecutors Say - Bloomberg
Oct. 30 (Bloomberg) -- Eve Mazzarella was a Las Vegas success story. The high-school dropout and former housemaid moved to the Nevada city in 2000 from Seattle, got a certificate from the ABC Real Estate School and started selling houses in what ...

Coastland Center owner in financial trouble - Naples Daily News
The owner of Coastland Center mall is facing financial woes and may be forced to file for bankruptcy. In a filing with the U.S. Securities and Exchange Commission earlier this week, Chicago-based General Growth Properties Inc. said it has about $958 ...

Lakeside owner deep in red ink - Macomb Daily
The tumbling economy lost another domino this week with the announcement that bankruptcy is possible for the corporate owner of Lakeside Mall, which owns 200 other shopping centers. General Growth Properties Inc., the nation's second largest mall ...

Prince Kuhio Plaza owner risks default - Hawaii Tribune-Herald
CHICAGO -- General Growth Properties Inc. shares plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. The real ...

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Today's Mortgage Terms starting with T

  • Term: The period of time in which a loan must be paid off.
  • Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.

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