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Glenbrook owner gets two-week debt extension - FortWayne.com
CHICAGO — 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.com
WASHINGTON — 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 ...

DDR, U-Store-It look to markets to raise cash - Cleveland Plain Dealer Blog
Two local real estate investment trusts plan to issue securities to raise cash, according to recent regulatory filings. Developers Diversified Realty Corp., a shopping center owner based in Beachwood, could issue and sell up to $200 million in common ...

Geithner Seeks to Push FDIC’s Bair Out After Clashes (Update1) - Bloomberg
Dec. 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 ...

The SCAM behind NAIS - "Our Land: Collateral for the National Debt" - OpEdNews.com
I 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 ...

Geithner May Seek to Push Bair Out After Clashes During Crisis - Daily Business Review
imothy 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 York, has argued Bair ...

Lender ordered to pay couple $84K - Maryland Daily Record
A 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 ...

U-Store-It Trust may be moving headquarters to Pennsylvania - Cleveland Plain Dealer Blog
U-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 Sun
Yuma 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 ...

$32M OK'd for marina - Leaf Chronicle
The 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 ...

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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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