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General Growth Properties wins loan extension for Las Vegas malls - Newark Star-LedgerThe mortgages cover two malls, Fashion Show and Palazzo, located in Las Vegas, the Chicago-based company said late Sunday. General Growth Properties said last month it faced solvency trouble and might seek bankruptcy if it couldn't refinance or ...
Owner of four New Jersey malls could go bankrupt - Bridgeton NewsDrowning in debt, and citing a weak retail and credit market, the owner of four New Jersey malls has hired bankruptcy lawyers and warned it could file for legal protection as it tries to dig itself out of a financial hole. General Growth Properties ...
Loan drought hits European suppliers - Financial TimesFurther signs emerged on Thursday that a pullback on lending by banks has pushed many European companies to the brink of collapse. The German carmakers association, the VDA, on Thursday complained that banks were withdrawing credit lines or making ...
RBS to slash 3,000 banking jobs worldwide - Times OnlineRoyal Bank of Scotland (RBS), the struggling bank, is preparing to axe up to 3,000 staff across its worldwide workforce as it braces itself against the onslaught of the global recession. Up to 1,000 jobs are expected to be lost in the UK, and today's ...
Wicomico voters OK finance referendums - Delmarva NowCounty voters soundly approved Questions A and B -- which amend the county's charter -- by 82 and 71 percent, respectively. Question A gave Wicomico officials the ability to refinance debts while B provides the option to extend bond maturities from ...
Darling details £50 billion bank bailout plan - Times OnlineChancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...
Middlesex judges spearhead program to help foreclosures as filings in ... - MyCentralJersey.comMIDDLESEX COUNTY — At a recent foreclosure, Middlesex County Sheriff Joe Spicuzzo was moved to make a compassionate gesture as yet another family was being evicted from its home -- an all-too-common occurrence these days. "I personally talk to some ...
Independent HBOS 'could be funded by the Treasury' - ScotsmanTHE UK Treasury yesterday indicated for the first time that it may consider injecting funds into an independent HBOS if the bank's proposed merger with Lloyds TSB collapses. The move is a departure from the Treasury's repeated refusal to say what it ...
Today's Mortgage Terms starting with L
Lender: The bank, mortgage company or mortgage broker providing the loan.
Loan Application: A statement of personal and financial information needed to apply for a loan.
Loan Application Fee: A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.
Loan Origination Fee: Fee charged by a lender for the administrative costs of processing a loan.
Loan to Value Ratio (LTV): The balance of the mortgage outstanding as a percentage of the home's price.
Lock or Lock In: A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.
View all Terms