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Financial News
General Growth Properties gets loan reprieve - 14 WFIE
CHICAGO (AP) - General Growth Properties has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy. The company says the mortgages cover two malls, Fashion Show and ...

Fed Aid Sets Off a Rush to Refinance - Wall Street Journal
The Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs. Some ...

Hotels keep door shut to big rate cuts - Financial Times
US travellers hoping that the global financial crisis would herald bargain Thanksgiving weekend hotel deals have been finding them hard to come by. However grim the outlook for the hospitality industry, the world's leading hotel groups say they will ...

Bad economy offers cheap stocks, cars - Brownsville Herald
McALLEN - The daily deluge of glum news is a constant reminder of how things are looking worse than bad, but that also means prices are falling and it could be a buyer's market for some big-ticket items. And it goes beyond gas prices dropping below ...

Ailing economy opens doors for stock market novices, car buyers - McAllen Monitor
The daily deluge of glum news is a constant reminder of how things are looking worse than bad, but the sluggish economy also offers savings opportunities for saavy consumers. And it goes beyond gas prices dropping below $2 a gallon for the first time ...

Cause and Effect - American Enterprise Institute
Although the media are full of talk that we face a "crisis of capitalism," the underlying cause of the financial meltdown is something much more mundane and practical--the housing, tax, and bank regulatory policies of the U.S. government. The ...

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 ...

Nappier says pension fund sound - Newsday
HARTFORD, Conn. - Connecticut 's pension fund portfolio has dropped in value with the recent stock market upheaval, but remains well diversified and no pension benefits are at risk, Connecticut's state treasurer said Monday. Speaking to the ...

Tuesday, November 25 - News.com.au
THE search for a Mt Gambier man missing in India has gone hi-tech, with his family posting a moving video on the internet. HOUSEHOLD water bills will rise by at least 20 per cent next year to fund a $300 million blowout in the cost of the planned ...

Rainy-day fund no good for the hurricane ahead - Journal Inquirer
Meeting with the General Assembly's Banks Committee last Monday, state Treasurer Denise L. Nappier said the state pension fund had lost more than 10 percent of its value in recent months. But, she added, the people covered by the fund -- state ...

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Today's Mortgage Terms starting with G

  • Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.

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