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Financial News
Fitch Downgrades 3 Classes of GMAC 1998-C1; Assigns Stable Outlooks - PR Inside
Fitch Ratings has downgraded GMAC Commercial Mortgage Securities, Inc.'s commercial mortgage pass-through certificates, series 1998-C1 as follows: --$25.2 million class H to 'B' from 'BB-'; Outlook Stable; --$14.4 million class J to 'CC' from 'B' and ...

Personnel file - Lexington Herald-Leader
Centre College: Ali Hamilton and Dawn Brown-Piatt have been named admission counselors. Shanna Heath has been named welcome center coordinator. Finance Kentucky Bank: Coy Nunemaker has joined the bank's lending department as a mortgage originator. He ...

Good News! Only $6 B. in Big CMBS Loans To Mature in '09 - New York Observer
PropertyShark. It's extraordinary what passes for good news these days! But here you have it. Commercial Mortgage Alert is reporting that only $6 billion worth of CMBS loans worth $50 million or more each will mature in 2009, a quantity that the ...

Citigroup stock falls amid talk of sale - Patriot-News Blogs
Jin Lee, The Associated Press Pedestrians walk up stairs near a subway station at Citigroup center at Lexington Avenue, New York, today. NEW YORK -- Citigroup Inc. shares extended their precipitous slide Friday, after an initial lift from a report ...

Ashland's John Hall is still bullish - Louisville Courier-Journal
Despite tough times, John R. Hall of Lexington, who headed the Ashland Oil Company when it was the state's largest industrial employer, is still bullish on our future. In Hall's 16-year tenure as Ashland's chief executive officer the company evolved ...

Pressure on Citigroup builds, shares fall below $4 - The State
NEW YORK -- Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses. CEO Vikram Pandit told managers earlier in the day he opposes breaking up the ...

PurchasePro Founder Gets 9 Years - WebProNews
The founder and CEO of PurchasePro, Charles E. "Junior" Johnson has been sentenced to nine years in prison for stock fraud. The sentence was less that what federal prosecutors were seeking, who recommended Johnson spend 16 to 17 years in jail for ...

Commercial property transfers - Louisville Courier-Journal
Greg A. and Lori S. Marks to Amos Martin Construction Co. Inc., 209 Townepark Circle, Suite 100, 40243, $352,000. • Glenn G. Davidson Jr. and Martha W. Wakefield to The Southern Baptist Theological Seminary, 2825 Lexington Road, 40280, $292,000 ...

Latest News - dBusinessNews.com
Lawson Software Announces Cost Reduction Measures ST. PAUL - Lawson Software today announced it is implementing ... Chuck Harrington Named Chairman of the Parsons Corporation Board of Directors PASADENA -- The Board of Directors of Parsons ...

Winthrop Realty Trust Q3 2008 Earnings Call Transcript - Seekingalpha.com
Greetings and welcome to the Winthrop Realty Trust third quarter earnings release conference call. At this time, all participants are in a listen-only-mode. A brief question-and-answer session will follow the formal presentation. (Operator ...

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Today's Mortgage Terms starting with S

  • Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
  • Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
  • Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
  • Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.
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