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News about Mortgages:
Many pieces go flying from mortgage implosion - Dallas Morning NewsWASHINGTON – Your taxpayer credit card is on the counter, all set to get the economy moving again. Caveat emptor – let the buyer beware. The value of the mortgage-backed securities the federal government is set to buy is hard to decipher when the ...
Developer sells Winter Garden Village - Orlando SentinelWinter Garden Village, a 1.14 million-square-foot open-air shopping center recently completed in Winter Garden, has been sold by its developer, The Sembler Co. The shopping center, at State Road 429 and State Road 535, was sold to an affiliate of ...
Commercial real estate feels pinch - Minneapolis Star TribuneTwin Cities-area commercial properties haven't been hit with a rush of foreclosures like the housing market, but the unsteady economy and credit squeeze are making it increasingly difficult for some owners to pay off their debt. The commercial real ...
Almost half of region's office space sits empty - Free Lance-StarTroubles in housing are getting most of the headlines, but people involved in the area's commercial real-estate market say they're seeing a sharp slowdown as well. Construction of office parks and retail centers boomed over the past few years, but ...
Almost half of region's office space sits empty: Commercial real ... - TradingMarkets.comConstruction of office parks and retail centers boomed over the past few years, but projects are now slowing and vacancy rates are growing as the economy struggles and financing becomes harder to obtain. About 46 percent of the 2.6 million square ...
Mixed News On CRE Funding [Housing Tracker] - Seekingalpha.comCiena Capital Declares Bankruptcy. “NYC: Ciena Capital, a local provider of commercial real estate financing and factoring services, has filed for chapter 11 relief in the US Bankruptcy Court for the Southern District of New York, according to a ...
Bailout plan offers vague help to homeowners - Buffalo NewsThe harsh reality for Murielle Montes and hundreds of thousands of homeowners who are behind on their mortgages is this: A $700 billion bailout of the financial industry will probably do little to help them avoid foreclosure. On Friday, House ...
Commercial brokers plan merger - Raleigh News & ObserverThe acquisition of Trammell Crow is likely to bolster CB Richard Ellis Group's Triangle presence. CB Richard Ellis, which has 17 brokers and five property managers in Raleigh, manages a portfolio of about 4.1 million square feet locally, said Butch ...
Lehman, Merrill Woes Sting Commercial Mortgages Debt (Update1) - BloombergSept. 17 (Bloomberg) -- The collapse of Lehman Brothers Holdings Inc. and Bank of America Corp. 's purchase of Merrill Lynch & Co. will make it harder for even the strongest borrowers to refinance commercial real estate loans, according to UBS AG ...
LOOK TO LARRY - New York PostBillionaire real estate mogul Larry Silverstein is gunning to buy the iconic GM Building from beleaguered developer Harry Macklowe in a deal that could fetch about $3.5 billion ahead of a deadline for bids, according to sources familiar with the ...

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Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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