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Owner of Highland Mall may file bankruptcy - KEYE AustinOne of the owners of Highland Mall tells us it might file bankruptcy if it can't refinance it's debt. Highland is one of the oldest mall in town, and the only one that serves north and east Austin. The start of the holiday hustle and bustle is weeks ...
Highland Mall co-owner says debt situation is perilous - Austin American-StatesmanGeneral Growth Properties, the co-owner of Highland Mall in Austin, among other properties, said it might be forced into bankruptcy if it cannot refinance its debt. The company's shares plunged 64 percent, to 49 cents on the news. "Our potential ...
Statesman Business Blog - Austin American-StatesmanThe entry titled "Highland Mall co-owner warns of bankruptcy possibility." General Growth Properties, half-owner of Highland Mall in Austin among other properties, said it might be forced into bankruptcy if it cannot refinance its debt. The company ...
General Growth Properties may seek protection - Austin Business JournalGeneral Growth Properties , the co-owner of Highland 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. Chicago-based General ...
Trump sues lenders of unfinished skyscraper: WSJ - ReutersNEW YORK (Reuters) - Donald Trump sued the lenders of an unfinished Chicago skyscraper as he seeks an extension of the credit facility, amid the impact of the financial crisis in the real estate business, the Wall Street Journal said on its Website ...
Do Not Disturb - CNBCIn our interactive/reality TV culture, Embassy Suites decided to get patrons in on the decision to create new “Do Not Disturb” signs (“DND”). Ok, the pillow fight one is kinda cute. I’m not sure I get the one that says, “Aww Mom, just ...
Tide of ‘underwater’ homes rising - Providence JournalCHICAGO — Joey Goldner always approached real estate with a gardener’s zeal. He’d plant his money in a building, patiently care for it and watch its worth grow. For 30 years, it was a brilliant avocation — right up until the heavy thud of the ...
Government subsidy signals smoother ride for FirstGroup - HeraldFirstgroup shares gained yesterday after a difficult few weeks as the company sought to convince investors that any pressure on UK rail revenues would be offset by government subsidies and long-term contracts for its US buses. The Aberdeen-based ...
50,000 Scots could lose their jobs in recession - Scotsman.comFIFTY thousand people in Scotland could lose their jobs over the next two years as the recession hits, economists predicted today. A "rapidly deteriorating situation" is causing the effects of the economic downturn to be felt harder in Scotland than ...
How Russian billionaires are faring in the financial meltdown - KPNews.comcrisis he was worth an estimated $24.5 billion. (Reuters) - Many of Russia's richest men, who borrowed furiously during Russia's 10-year economic boom to expand and make acquisitions, are struggling to get loans as the global financial crisis bites ...
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.
View all Terms