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General Growth Properties gets loan reprieve - San Francisco Gate
The mortgages cover two malls, Fashion Show and Palazzo, located in Las Vegas, the company said late Sunday. General Growth Properties said last month it faced solvency trouble and might seek bankruptcy if it couldn't refinance or extend the nearly ...

LEAF Financial Corporation Closes New $150 Million Credit Facility - dBusinessNews.com
PHILADELPHIA - LEAF Financial Corporation, the commercial finance subsidiary of Resource America, Inc. , announced today that it has entered into a new, five-year revolving $150 million credit facility with a major international bank. This facility ...

Lewis' late 3-pointer helps Magic beat 76ers - FOX News
PHILADELPHIA — Rashard Lewis scored 19 points and hit the go-ahead 3-pointer with 4.7 seconds left to lead the Orlando Magic to a 96-94 victory over the Philadelphia 76ers on Wednesday night. Lewis inbounded to Hedo Turkoglu, who took several ...

Congress 'not supportive' of automakers' bailout - CNN Money
NEW YORK (Associated Press) - Pennsylvania Sen. Arlen Specter said Tuesday the mood in Congress "candidly is not supportive" of automakers seeking a bailout package of $25 billion in loans. But the Republican senator also said that the consequences ...

Specter: Big Three Didn't Heed Warnings - The Bulletin
Philadelphia - U.S. Sen. Arlen Specter, R-Pa., met with top executives from the Big Three in Center City yesterday to gain an understanding of the financial crisis facing American automakers. Mr. Specter said the auto companies knew early on about ...

Falcons TE Hartsock out for season with toe injury - FOX News
FLOWERY BRANCH, Ga. — The Atlanta Falcons put starting tight end Ben Hartsock on injured reserve Wednesday and brought back Jason Rader for the second time this season. The 264-pound Hartsock, who had only three catches and was essentially another ...

Editorial: Fed Targets Mortgage Markets - Philadelphia Daily News
The federal government's dizzying series of bailouts finally has taken aim at the industry where the cash can do the most good - housing. The Federal Reserve's decision to buy $500 billion of mortgage-related debt from Fannie Mae and Freddie Mac was ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Before the Health Blog signs off for the day, we thought we’d consult with the American health establishment on a pressing question: What to ...

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 ...

Stimulus Bill hopes to heat up housing - Philadelphia Daily News
As the dismal cycle of declining home values, defaulted mortgages and foreclosures shows no sign of letting up for at least another year, some experts are hailing housing stimulus package as a good first step toward recovery. President Bush signed ...

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Today's Mortgage Terms starting with V

  • VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
  • Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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