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News about Mortgages:
General Growth gets loan reprieve on $900M debt - Honolulu Star-BulletinWASHINGTON » Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions ...
General Growth gets loan extension - Business CourierGeneral Growth secures two-week loan extension General Growth gets two-week loan reprieve General Growth Properties gets loan extension General Growth Properties Inc. , owner of Kenwood Towne Centre and Florence Mall, has received a two-week ...
Mall owner struggles with debt - Cincinnati.comThe mortgages cover two malls, Fashion Show and Palazzo, in Las Vegas, the company said. Chicago-based General Growth Properties, the nation's second-largest shopping mall owner, whose properties include Florence Mall and Kenwood Towne Centre, has ...
A Bailout Proposal: No More ATM Fees - Huffingtonpost.comHere's what I really want: no ATM fees. Ever again. Ever. I can happily blow $5.00 on a McDonald's double cheeseburger in Times Square, but the $3.00 I am charged by Bank of America to use their ATM as a non-customer will leave me feeling sour the ...
General Growth Properties may seek protection - Business CourierGeneral Growth Properties , owner of Kenwood Towne Centre and Florence Mall, says it may be forced to seek protection from its creditors as it struggles to refinance debt. The company’s stock tumbled as much as 70 percent in Tuesday trading ...
Ala Moana, Ward Centers owner facing bankruptcy - Honolulu Star-BulletinGeneral Growth Properties Inc. , owner of Ala Moana Center and Ward Centers in Hawaii, said yesterday it is facing the possibility of bankruptcy if it fails to refinance or extend nearly $1 billion in debt due next month. The real estate investment ...
Redstone considers theater-chain sale - Cincinnati.comThe chain has theaters locally in Kenwood, Springdale, Forest Park, Mason, Milford, Green Township and Florence. Redstone told bankers he is willing to part with the 1,500- screen cinema chain as a possible step to raise money and meet debt ...
Business Notes - Lexington Herald-LeaderDelta to cut 40 flights a dayat Cincinnati airport next year Delta Air Lines plans to cut 12 percent of flights, or about 40 a day, out of the Cincinnati/Northern Kentucky International Airport , as the company restructures its hub, the airline said ...
Pomeroy continues its turnaround - Cincinnati.comHebron-based Pomeroy IT Solutions posted its second consecutive quarterly profit in the third quarter, boosted in part by renegotiated contracts and job cuts. On Wednesday, Pomeroy reported third-quarter net income of $1.8 million, or 15 cents per ...
Brittle Italy - Sunday HeraldITALIAN PRESIDENT Giorgio Napolitano yesterday rejected the resignation of the prime minister, Romano Prodi, and invited him to return to parliament to test the cohesion of his centre-left coalition, which had melted away embarrassingly in the middle ...
Today's Mortgage Terms starting with E
Equity: The difference between the current market value of a property and the total debt outstanding against the property.
Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
View all Terms