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Bad for the store, bad for the mall - Marketplace.publicradio.orgScott Jagow: Over the weekend, shopping mall owner General Growth Properties avoided bankruptcy -- barely. It got a two-week extension on -- you guessed it -- mortgage loans. More from Nancy Marshall Genzer. Nancy Marshall Genzer: General Growth ...
Highlights from history: How America went from 'nation of renters ... - Marshall Democrat-NewsEditor's note: Nationwide, the housing market crisis is spreading throughout the economy. Staff writer Kathy Fairchild has been doing research on how the crisis is affecting Saline County, how the situation developed and what people can do to weather ...
Can They Do That?!? - OpEdNews.comWell, it started with $700 billion. Actually, it started before that with the Fed helping Chase take over Bear Sterns, and then saving AIG, and then … well, you were there. But let’s get back to $700 billion. Under what some say were threats of ...
Business Briefs - Elk River Star NewsM&I Bank recently broke ground for a new location at the intersection of Diamond Lake Road and Rogers Drive in Rogers. The new office is scheduled to open in 2009. The new M&I Bank location will be a full-service branch with a business banker ...
Breaking In, Moving In - Wheeling News-RegisterWHEELING - Squatters are nothing new in the city of Wheeling or any other city in the United States. But in Miami, Fla., a group is taking squatting to another level. Homeless advocates have formed ''Take Back the Land'' - a group that helps people ...
$846 million of Katrina aid unclaimed - MSNBCNEW ORLEANS - The four-unit shotgun house that Sandra Marshall bought after decades of double shifts has sat untouched since the flooding of Hurricane Katrina, while nearly $850 million in federal aid for her and thousands of other mom-and-pop ...
Nearly $850 million in aid to help mom-and-pop landlords sits ... - Fort Worth Star-TelegramSandra Marshall can’t rent out her property in New Orleans because damage caused by Hurricane Katrina hasn’t been repaired, and she is still waiting for approval of her application for aid. AP/Bill Haber NEW ORLEANS — The four-unit shotgun ...
Sector Snap: Regional bank stocks mixed - ForbesShares of regional banks were mixed Tuesday, after the government introduced a number of new initiatives designed to help unfreeze the credit markets. The Federal Reserve said it will buy $500 billion in mortgage-backed securities, or pools of ...
Katrina relief far from fast - Philadelphia InquirerNEW ORLEANS - The four-unit shotgun-style house that Sandra Marshall bought after decades of double shifts has sat untouched since the flooding of Hurricane Katrina, while nearly $850 million in federal aid for her and thousands of other mom-and-pop ...
Financial Winners & Losers: KeyCorp - Street.ComNEW YORK -- Shares of regional banks were mixed Tuesday, after the government introduced a number of new initiatives designed to help unfreeze the credit markets. The Federal Reserve said it will buy $500 billion in mortgage-backed securities , or ...
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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