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News about Mortgages:
General Growth Properties risks default - WREGCHICAGO (AP) - General Growth Properties Inc. shares plummeted Tuesday after the Tennessee mall owner warned it faces solvency trouble and may be forced to file for bankruptcy. The company said it needs to refinance or extend nearly $1 billion in ...
Bankruptcy Looms For Owner Of 2 Area Malls - WLWT 5CHICAGO -- The owner of two area malls faces bankruptcy, according documents filed earlier this week. General Growth Properties Inc. shares have plummeted after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy ...
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 ...
93% of All Mortgages are Being Paid on Time - Shelbyville Times-GazetteI recently received this in a newsletter that I receive and thought it was news worthy. I certainly have not heard this stat on the evening news. It came from Jim Gibbs who runs the Career Institute in Murfreesboro. I know some areas are being ...
Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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