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Fannie Mae opens satellite offices to sell foreclosures - MSN MoneyCentralFannie Mae is rethinking how it will handle the tens of thousands of properties being repossessed as the real estate market continues to plummet. To that end, it is opening two satellite offices, one in California and another in Fort Lauderdale, Fla ...
HFF Secures $84 Million Loan for Westin Fort Lauderdale Beach Resort ... - MSN MoneyCentralThe Miami and Washington, D.C., offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they arranged an $84 million renovation loan for the Westin Fort Lauderdale Beach Resort, a 433-room hotel in Fort Lauderdale, Florida. HFF senior ...
Fannie Mae opens local office to sell foreclosures - South Florida Business JournalFannie Mae is rethinking how it will handle the tens of thousands of properties being repossessed as the real estate market continues to plummet. To that end, it is opening two satellite offices, one in California and another in Fort Lauderdale, to ...
Many South Florida owners taking losses to sell homes - Fort Lauderdale Sun-SentinelSouth Florida is seeing a big jump in the number of homeowners who are selling their properties for less than they paid, highlighting the magnitude of the region's historic housing slump. During the first half of this year, 23 percent of sellers in ...
Wachovia Plaza gets new owner as Parkway refines focus - Tampa Bay Business JournalParkway Properties Inc. sold the Wachovia Plaza in downtown St. Petersburg for $26 million, signaling the real estate investment trust's exit from the Pinellas business district. The company, however, isn't exiting the Tampa Bay market. In Florida ...
Palm Beach County home prices, sales fall again - Fort Lauderdale Sun-SentinelPrice cuts still ruled in June as South Florida's housing slump trudged into its 30th month. Palm Beach County 's median price for existing homes was $334,300, off 12 percent from $377,900 a year ago, the Florida Association of Realtors said Thursday ...
Mace Security International, Inc. Q2 2008 Earnings Call Transcript - Seekingalpha.comWelcome to the second quarter 2008 financial results for Mace Security International. (Operator Instructions) At this time I would like to turn the event over to Mr. Eduardo Nieves. Welcome to Mace Security International’s second quarter 2008 ...
August 2008 - Weblogs.sun-sentinel.comState leaders started weighing how much renewable energy they should recommend electric utilities provide. As part of a sweeping energy law passed this year, the Florida legislature asked the state's Public Service Commission to develop a so-called ...
Cover Story - Baltimore City Paper"The first time I came in here, I was completely overwhelmed," Laura McCandlish says. She's looking up from the cavernous main lobby of the Sun building at the glass-lined balconies. One wall is covered with portraits of Sun Pulitzer Prize winners ...
History's Back - Weekly StandardEarlier in the summer, fashion designers held a $10,000-per-plate fundraiser for Barack Obama featuring his fashionable wife Michelle. Now with Mercedes-Benz Fashion Week in NYC just around the corner, the fashion industry will be using the hype ...

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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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