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General Growth hires bankruptcy counsel - Reuters
SAN DIEGO (Reuters) - General Growth Properties Inc GGP.N, the No. 2 U.S. mall owner, said on Thursday it hired law firm Sidley Austin as bankruptcy counsel as it negotiates with lenders for more time to restructure its $27 billion debt and ...

General Growth hires bankruptcy lawyers - Las Vegas Sun
General Growth Properties Inc., owner of several Las Vegas malls and developer of the massive Summerlin planned community, today confirmed it has hired bankruptcy attorneys to advise the company as it struggles to refinance debt. The Wall Street ...

Mall owner struggles to regain solvency - Bartlesville Examiner-Enterprise
General Growth Properties Inc., which owns Washington Park Mall in Bartlesville, may be forced to file bankruptcy if it is unable to extend or refinance its nearly $1 billion in debt due in December. Steadily declining this year, its stock market ...

Mall’s owners may face bankruptcy - Lake Wales News
General Growth Properties Inc., owners of the Eagle Ridge Mall in Lake Wales, saw its stock plummet this week 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 ...

Clackamas Town Center's owner close to bankruptcy - Portland Tribune
The company that owns Clackamas Town Center is considering filing for bankruptcy protection as it struggles to pay back billions of dollars in debt. General Growth Properties (GGP), the Chicago-based company that owns, partly owns or manages more ...

Downturn Drags More Consumers Into Bankruptcy - Blueridgenow.com
The economy’s deep troubles are pushing a growing number of already struggling consumers into bankruptcy, often with far more debt than those who filed in previous downturns. Plummeting home values, dwindling incomes and the near disappearance of ...

Generation Mortgage Offers Additional Peace of Mind to Senior Home ... - Earthtimes
ATLANTA , Nov. 18 /PRNewswire/ -- The U.S. Department of Housing and Urban Development HUD recently implemented new regulations for the HECM (Home Equity Conversion Mortgage) loan, increasing the federal insurance of that product. As a result, the ...

CONTINUED : ‘A matter of just doing a budget’ - MSNBC
By the time Bob Cundiff was laid off from the construction and development job he’d held for a decade, he had already begun to worry about his job security and the dearth of new prospects. Facing what he feared could be a protracted job search, he ...

A Hanging Offense - Wall Street Journal
Yesterday we noted a story about liberals, prompted by the election of Barack Obama, making sudden shows of patriotism after shunning such displays for the past eight years. We wondered if the same thing had happened on the other side--that is, if ...

November 2008 - Weblogs.baltimoresun.com
Whenever chaos rules the economy and financial markets, I try to find financiers who have fended off the storm and resisted the temptations that brought down their competitors. It's always a bit of a risk. The company that appears strong today may be ...

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Today's Mortgage Terms starting with N

  • Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
  • Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.

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