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Boise Towne Square Mall owner on brink of bankruptcy - KTVBNEW YORK -- General Growth Properties Inc. shares plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. GGP owns the ...
Bankruptcy Won't Affect Eastern Idaho Malls - Idaho8.comThe tough times have hurt a company which owns two shopping malls in Eastern Idaho. Now, it's on the brink of bankruptcy. General Growth Properties owns the Grand Teton Mall in Idaho Falls and Pocatello's Pine Ridge Mall. Monday in an SEC filing, it ...
Collier foreclosures hit working class - Naples Daily NewsIn Collier County, it’s the more affordable communities that have been hurt the most. From Jan. 1 to Oct. 8, the county had 1,500 final judgments for mortgage foreclosures on single-family homes, with a total mortgage balance of more than $522 ...
Golden Gate Estates seeing hundreds of foreclosures thanks to ... - Naples Daily NewsWhat would you add to this story? Tell us what we missed. Do you have photos from this event? Documents we need to see? Share with us. Upload photos & videos More ways to get your stuff online and in the paper. With its large wooded lots and rural ...
From Empire to Democracy - Common DreamsThis current financial crisis is a major way-station on the way to the collapse of the American empire. The first important sign was 9/11, with the most heavily-armed nation in the world shown to be vulnerable to a handful of hijackers. And now ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
View all Terms