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Smurfit Stone shares regain some after hitting 10-year low - Chicago TribuneShares of Smurfit-Stone Container Corp. , which tumbled yesterday to the lowest point in the forest-products company's 10-year history, have moved up smartly today after officials reassured investors about the debt-heavy company's access to credit ...
General Growth Properties shares hammered again Official says company ... - Las Vegas Review JournalThe Fashion Show mall on the Strip is seen in 2004. Its owner, General Growth Properties, had its stock price sink again Tuesday. Samantha Clemens/Review-Journal file photo The fiscal house is teetering, the architect is gone and it's almost time for ...
Sep 28 - Oct 04 (347) - Andrewsullivan.theatlantic.comHas the so-called Prosperity Gospel turned its followers into some of the most willing participants — and hence, victims — of the current financial crisis? That's what a scholar of the fast-growing brand of pentecostal Christianity believes ...
FSA issues £52,500 fine for market abuse - Times OnlineThe Financial Services Authority (FSA), the City watchdog, today fined a former hedge fund manager at Moore Europe Capital Management £52,500 in the first case of its kind involving credit markets. Steven Harrison, a former portfolio manager for ...
City ban and fine for hedge fund manager Steven Harrison - Times OnlineA former hedge fund manager at Moore European Capital Management has been fined £52,500 by the Financial Services Authority (FSA). Steven Harrison, until recently a senior portfolio manager at the London unit of Moore Capital, a $15 billion (£8.5 ...
REIT shares pounded by shortage of debt financing - ReutersNEW YORK, Sept 17 (Reuters) - Shares of U.S. real estate investment trusts were pounded on Wednesday, with those with the most need to refinance their debt taking the biggest beating, an analyst said. U.S. commercial real estate overall is facing a ...
General Growth shares drop again - Chicago TribuneShares of General Growth Properties Inc. , the second-largest U.S. mall owner, fell for a fourth straight day Thursday, declining as much as 34 percent to a new 52-week low, on concern that the company won't be able to refinance debt or raise capital ...
General Growth considers selling assets - Chicago TribuneGeneral Growth Properties Inc. , under pressure from the tight credit market, said Monday that officials are considering possible asset sales, strategic combinations and other options designed to boost its capital position, as well as its battered ...
Mall owner, Columbia developer GGP may need to sell some assets - Baltimore SunGeneral Growth Properties Inc. , which owns most of the regional malls in the Baltimore area and is the master developer of Columbia, said yesterday that it may need to sell assets or equity to raise capital. The second-largest U.S. mall owner said ...
PEACOCK PARTY - New York PostTHE Peacock network is looking for space so it can expand its wings. Our media spies say NBC is seeking 300,000 feet of "incremental" space to add to its current office digs, which include its headquarters at 30 Rockefeller Plaza. You might recall ...

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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.
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