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Great Wolf still talking with lenders - Wisconsin State JournalGreat Wolf Resorts said Friday it remains in discussions with its lenders regarding an extension of Sunday's maturity date on a $76.8 million mortgage on its Mason, Ohio, resort property. The Madison company announced earlier this month in its ...
Concord mall's owner faces financial troubles - Portsmouth HeraldCONCORD — The financial troubles of a Chicago company could be felt in New Hampshire. General Growth Properties is the nation's second-largest owner of shopping malls, including the Steeplegate Mall in Concord. General Growth — which also owns ...
Calculating The Cost Of Wall Street's Rescue - ForbesConsider the numbers: $29 billion for the Bear Stearns mess; $700 billion to buy spoiled assets; $200 billion to buy stock in Fannie Mae and Freddie Mac ; an $85 billion loan to AIG insurance; another $37.8 billion for AIG ; and $250 billion for bank ...
Steeplegate Mall owner in financial peril - Union LeaderChicago – 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. The real ...
State to hold bond sale for residents - Boston GlobeIntent on replicating the success of a September marketing pitch to individual investors, the state will hold an exclusive bond sale tomorrow and Tuesday for individuals before making its latest offering available to institutional customers Wednesday ...
A transcript follows. - Washington PostAbout Pearlstein: Steven Pearlstein writes about business and the economy for The Washington Post. His journalism career includes editing roles at The Post and Inc. magazine. He was founding publisher and editor of The Boston Observer, a monthly ...
More Business - San Francisco GateNeighborhoods with affordable home prices, a historical popularity with minority home buyers, and a lot of new construction have been more prone than others to spikes in foreclosures, according to a Chronicle analysis of housing and census data ...
Faneuil Hall, Natick Collection Owner In Trouble - WBZ-TVBOSTON (WBZ) ― The company that owns several popular malls in New England says it may have to file for bankruptcy - just before the holidays. General Growth Properties Inc. of Chicago owns the Faneuil Hall Marketplace , the Natick Collection ...
ABCPMMMFLF Spells Fed Relief for JPMorgan, Citi Shadow Banking - BloombergNov. 17 (Bloomberg) -- The U.S. Federal Reserve's emergency lending programs, intended to thaw commercial paper and money markets, are also helping banks limit losses from some of their $4 trillion in off-the-books guarantees and loan commitments. A ...
Business Digest - Providence JournalGeneral Growth Properties, owner of the Providence Place mall, has reported a third-quarter loss and abandoned its third-quarter dividend. In the second quarter, it paid 50 cents a share. The Chicago-based company also cut its forecast for this year ...
Today's Mortgage Terms starting with I
Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.
Initial Rate: The rate charged for the first interval of an ARM loan.
Interest: Compensation in the form of money paid for the use of money.
Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.
View all Terms