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Glenbrook owner gets two-week debt extension - FortWayne.comCHICAGO — General Growth Properties Inc., the owner of Glenbrook Square, has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping-mall owner works to stave off bankruptcy and negotiate longer-term ...
Mortgage crisis' next stage looms Owners of malls, hotels about to ... - FortWayne.comWASHINGTON — The full scope of the housing meltdown isn’t clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in ...
Geithner May Seek to Push Bair Out After Clashes During Crisis - BloombergDec. 4 (Bloomberg) -- Timothy Geithner , President-elect Barack Obama 's choice for U.S. Treasury Secretary, is seeking to push Federal Deposit Insurance Corp. Chairman Sheila Bair out of office. Geithner, president of the Federal Reserve Bank of New ...
The SCAM behind NAIS - "Our Land: Collateral for the National Debt" - OpEdNews.comI consider Wayne Hage one of the most intelligent men I ever met. On our very first visit he was explaining the World Bank, the International Monetary fund and how the world bankers planned on collateralizing the world debt with land. Not just the U ...
U-Store-It Trust may be moving headquarters to Pennsylvania - Cleveland Plain Dealer BlogU-Store-It Trust appears to be leaving its Cleveland offices, after months of rumors that the longtime local company plans to move its headquarters to Pennsylvania. The self-storage company's executive offices, in Suite 2800 of the Terminal Tower ...
New bond issue to save YRMC millions in interest - Yuma Daily SunYuma Regional Medical Center stands to save millions of dollars in interest on its bonds by re-funding them at more favorable rates. But first, the hospital needed the approval of the Yuma City Council for a new bond issue through the city's ...
Lender ordered to pay couple $84K - Maryland Daily RecordA Baltimore County jury has awarded $84,001 to a couple after they were charged additional, undocumented fees on their mortgage by a lender who also hindered their ability to sell their home. Vincent S. Serio was ordered to pay damages to John and ...
$32M OK'd for marina - Leaf ChronicleThe council voted last month to pursue the project in three phases. Monday's vote was to essentially fund what the council had already agreed to do. Ward 4 Councilman Wallace Redd, Ward 6 Councilman Marc Harris and Ward 12 Councilman Wayne Harrison ...
Flames forward Rene Bourque scores 2 in 6-2 win - FOX NewsCALGARY, Alberta — Rene Bourque scored twice and linemate Curtis Glencross added a goal and two assists for the Calgary Flames, who beat the Los Angeles Kings 6-2 on Tuesday night. Craig Conroy, the third member of that trio, chipped in three ...
Cause and Effect - American Enterprise InstituteAlthough 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 ...
Today's Mortgage Terms starting with F
Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac): A semi government agency that acquires conventional loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
Federal Housing Administration (FHA): A federal agency within the Department of Housing and Urban Development (HUD), which insures residential mortgage loans made by private lenders and sets standards for underwriting mortgage loans.
Federal National Mortgage Association (FNMA or Fannie Mae): This agency purchases loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
FHA Loans: Fixed or adjustable-rate loans that are insured by the U.S. Department of Housing and Urban Development. The purpose of FHA loans is to make housing more affordable, especially for first-time homebuyers.
First Mortgage: A mortgage which is in first lien, taking priority over all other liens. In case of a foreclosure, the first mortgage will be repaid before any other mortgages.
Fixed Rate Loan: Fixed-rate loans have interest rates and payments that are fixed through out the term of the loan.
Foreclosure: A legal process in which a mortgaged property may be liquidated to pay off a mortgage loan that is in default.
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