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Water Tower Place - Chicago TribuneGeneral Growth Properties Inc. said late Sunday that its lenders have granted the heavily leveraged Chicago mall operator a two-week "interim extension" on $900 million of debt, allowing General Growth a bit of breathing room as it struggles to avoid ...
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Maid-Turned-Realtor Ran Vegas Mortgage Scam, Prosecutors Say - BloombergOct. 30 (Bloomberg) -- Eve Mazzarella was a Las Vegas success story. The high-school dropout and former housemaid moved to the Nevada city in 2000 from Seattle, got a certificate from the ABC Real Estate School and started selling houses in what ...
'Straw' buyers land loans - Las Vegas Review JournalThe pair, real estate agent Eve Mazzarella and husband Steven Grimm, recruited fake -- or "straw" -- buyers to apply for loans to buy 227 properties worth nearly $110 million. The recruits often were their own employees, people with good credit, who ...
Positive finance ratings expected - Delmarva NowSALISBURY -- Despite the tremors in world financial markets, Wicomico officials expect high marks again from New York rating agencies. Top county brass went to New York between last Wednesday and Friday and met with officials from Moody's Investors ...
Five Star Quality Care, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.comGood day everyone and welcome to the Five Star Quality Care third quarter 2008 earnings results conference call. This call is being recorded. At this time, for opening remarks and introductions, I would like to turn the conference over to the ...
Bank financing chosen over bond for school - Northern Virginia DailyFRONT ROYAL — The Warren County Board of Supervisors chose another way to fund renovations to the old Warren County High School. The board unanimously voted Tuesday to pursue bank financing instead of a bond from the Virginia Public Schools ...
Today's Mortgage Terms starting with A
Accrued Interest: Interest earned but has not been paid
Additional Principal Payment: A payment made by the borrower of more than the scheduled principal amount due with the purpose of reducing the remaining balance on the loan.
Adjustable Rate Mortgage: Loans with interest rates that are adjusted periodically based on changes of a pre-determined index. The index is based on market rates such as Treasury bills and prime rates. The ARM has an interest rate cap that limits the amount the interest rate can change.
Adjustment Period: Applicable to an ARM, the time between changes in the interest rate.
Amortization: Repayment of a debt with periodic payments, usually monthly, of principal and interest calculated to pay down the loan within a predetermined time.
Amortization Schedule: A timetable for payment of a mortgage detailing the amount of each payment applied to interest and principal and the balance left outstanding.
Annual Percentage Rate (APR): The cost of credit shown as a yearly rate. The annual percentage rate is usually not the same as the interest rate. The APR will be higher than the interest rate stated in the note due to the fact that it includes the interest rate, loan discount points, fees and mortgage insurance.
Appraisal Fee: A fee charged by a licensed, certified appraiser for a written estimate of a property's current market value at a specific time.
Assumable Mortgage: A mortgage that can be taken over by the buyer when a home is sold by the previous owner.
View all Terms