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Meltdown far from over, new mortgage crisis looms - Newark Advocate
WASHINGTON (AP) -- Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same ...

Suit: $5M funneled to New York Observer through real estate deal - New York Daily News
A record-setting Manhattan real estate deal masked millions of dollars that helped prop up the money-losing New York Observer and covered improper personal expenses, according to a report. A former top exec in the Kushner Cos ., which paid $1.8 ...

Suit alleges Kushner diverted $5M to prop up N.Y. newspaper - Newark Star-Ledger
One of the biggest commercial real estate deals in New York history was used by developer Charles Kushner to funnel more than $5 million into the New York Observer, the perennially money-losing newspaper run by his son Jared, according to a former ...

Stocks fall sharply on consumer spending worries - Newark Advocate
NEW YORK (AP) — The reality that the nation is indeed in recession and that the downturn may well be prolonged sent Wall Street plunging Monday, hurtling the Dow Jones industrials down nearly 700 points and wiping out more than half of last week's ...

Real-Time News - Newark Star-Ledger
• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...

Park receives initial OK for federal capital infusion - Business Courier
The U.S. Treasury has given preliminary approval to Park National Corp.’s application to participate in the government’s capital purchase program, which would put the bank in line for an injection of up to $100 million. Newark, Ohio-based Park ...

Home Equity ID Theft Ring Points To A Bigger Problem - Blogcritics.org
On Monday, Federal authorities informed the public of a series of arrests where identity theft was used to steal the equity out of homes. I guess we've already lost so much money in the mortgage crisis, they figured it wouldn't matter? The four ...

Kushner Wrongly Sent Commission to Newspaper, Fired Worker Says - Bloomberg
Dec. 3 (Bloomberg) -- A fired employee claims a real estate company owned by developer Charles Kushner diverted $5 million in commissions from a $1.8 billion building sale to the New York Observer newspaper owned by Kushner’s family. Kevin Swill ...

Week in Review - Sunday, Nov 30 - Delaware Online
Secret 'superchecks' let state police look at mental health records. WASHINGTON -- When the government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They're also potentially on the hook for tens ...

Suit: Florham Park developer funneled cash from skyscraper purchase to ... - Morris County Daily Record
One of the biggest commercial real estate deals in New York City history was used by Florham Park-based developer Charles Kushner to funnel more than $5 million into the New York Observer, the newspaper run by his son, Jared, according to a former ...

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Today's Mortgage Terms starting with T

  • Term: The period of time in which a loan must be paid off.
  • Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.
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