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Cedar Shopping Centers Issues Development Pipeline Status Report - Forbes
PORT WASHINGTON, N.Y., Sept. 4 /PRNewswire-FirstCall/ -- Cedar Shopping Centers, Inc. (NYSE: CDR) today issued a development pipeline status report setting forth, among other things, on a per-project basis, amounts spent to-date, total project costs ...

Long-Term Care Providers Form Coalition for Capital Access - Forbes
WASHINGTON, Sept. 3 /PRNewswire-USNewswire/ -- Long-term care facilities from across the country are forming the Coalition for Senior Healthcare Reform, an organization that seeks to improve the quality of healthcare for seniors by ensuring access to ...

U.S. Must Buy Assets to Prevent `Tsunami,' Gross Says (Update3) - Bloomberg
Sept. 4 (Bloomberg) -- The U.S. government needs to start using more of its money to support markets to stem a burgeoning ``financial tsunami,'' according to Bill Gross , manager of the world's biggest bond fund. Banks, securities firms and hedge ...

Giving Cash to Children - Washington Post
Resize Personally, I think as soon as possible. Even expectant mothers should discuss finances with their kids while they're in the womb. Hey, why not? We're told to play classical music during pregnancy. So why not turn on CNBC or the Fox business ...

How to get a no-hassle FHA purchase-rehab mortgage - Marketwatch
WASHINGTON (MarketWatch) -- Question: I'm trying to obtain a loan for a home purchase -- I am not a flipper -- and I have been unable to find anyone who knows about the FHA Streamline K loan. How can I go about finding a lender familiar with this ...

U.S. mortgage applications rose last week - United Press International
WASHINGTON, Sept. 3 (UPI) -- The volume of applications for U.S. mortgages increased last week, rising by a seasonally adjusted 7.5 percent, an industry group said. The Market Composite Index, which measures mortgage loan application volume, rose ...

Steps needed to halt financial 'tsunami' - The Age
The US government needs to start using more of its money to support markets to stem a burgeoning ``financial tsunami,'' according to Bill Gross, manager of the world's biggest bond fund. Banks, securities firms and hedge funds are dumping assets ...

Investment Sales - New York Observer
Macklowe Properties Chairman Billy Macklowe. Hot damn! The Real Deal is reporting that Deutsche Bank is suing Macklowe Properties "to foreclose on $482 million in principal loaned to develop the Drake Hotel site at Park Avenue and 56th Street ...

A collection of news and information related to Foreclosures published ... - Fort Lauderdale Sun-Sentinel
Apartment construction is down sharply in the Orlando area this year, as are sales of local rental complexes, in a pullback that echoes the rapid decline in home building and home sales. Midway through the year, only a relative handful of major ...

More Business - San Francisco Gate
02-12) 14:01 PST WASHINGTON (AP) -- Homeowners threatened with foreclosure would in some instances get a 30-day reprieve under an initiative the Bush administration announced Tuesday. Critics attacked the proposal as far short of what is needed ...

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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.

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