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News about Mortgages:
General Growth gets loan extension - Business CourierGeneral Growth secures two-week loan extension General Growth gets two-week loan reprieve General Growth Properties gets loan extension General Growth Properties Inc. , owner of Kenwood Towne Centre and Florence Mall, has received a two-week ...
Redstone considers theater-chain sale - Cincinnati.comThe chain has theaters locally in Kenwood, Springdale, Forest Park, Mason, Milford, Green Township and Florence. Redstone told bankers he is willing to part with the 1,500- screen cinema chain as a possible step to raise money and meet debt ...
Business digest - Cincinnati.comMcDonald's Corp. will increase the price of its $1 double cheeseburger to $1.19 in December to cover rising costs, ending the sandwich's run as the top-selling item on the six-year-old dollar menu. The world's biggest restaurant company will replace ...
General Growth Properties may seek protection - Business CourierGeneral Growth Properties , owner of Kenwood Towne Centre and Florence Mall, says it may be forced to seek protection from its creditors as it struggles to refinance debt. The company’s stock tumbled as much as 70 percent in Tuesday trading ...
Kenwood Centre owner issues warning - Cincinnati.comCHICAGO - The owner of Kenwood Towne Centre and Florence Mall 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. Real estate investment trust General ...
General Growth Properties risks default - Honolulu Star-BulletinCHICAGO >> General Growth Properties Inc. shares plummeted today 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 estate ...
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 ...
Business Notes - Lexington Herald-LeaderDelta to cut 40 flights a dayat Cincinnati airport next year Delta Air Lines plans to cut 12 percent of flights, or about 40 a day, out of the Cincinnati/Northern Kentucky International Airport , as the company restructures its hub, the airline said ...
General Growth Properties retains Sidley Austin LLP in ‘advisory ... - Business CourierGeneral Growth Properties Inc. , the owner of Kenwood Towne Centre and Florence Mall locally, has hired one of the country’s largest law firms as it considers filing for bankruptcy protection. Chicago-based General Growth (NYSE: GGP) said in a ...
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 ...

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Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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