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News about Mortgages:
Standard & Poor's cuts rating on Saks - MSN MoneyCentralNEW YORK (AP) - Standard & Poor's Ratings Services cut its rating for Saks Inc. on Thursday, saying the luxury retailer will likely have a weak fourth quarter as shoppers curtail spending because of the recession. The agency cut its rating on the New ...
Great Wolf gets extension on Ohio resort - Business CourierGreat Wolf Resorts names head of operations Great Wolf may lose Ohio resort Great Wolf hits wall in Mason mortgage negotiations Great Wolf Lodge in Canada wins award Indoor water park resort owner Great Wolf Resorts Inc. said late Wednesday that it ...
Update: Great Wolf gets extension on Ohio resort mortgage - Wisconsin State JournalMadison-based Great Wolf Resorts announced that it has received an extension on its $76.8 million mortage on its indoor waterpark resort in Mason, Ohio, while it tries to negotiate an agreement with its lenders. The loan was to have expired Nov. 30 ...
Great Wolf Resorts, Inc. Announces 30-Day Extension of Maturity Date ... - EarthtimesAuthor : Great Wolf Resorts, Inc. MADISON, Wis. , Dec. 3 /PRNewswire-FirstCall/ -- Great Wolf Resorts, Inc. (Nasdaq: WOLF), North America's leading family of indoor waterpark resorts, today announced that it has negotiated a 30-day extension of the ...
Recent foreclosures filed in Madison County - TelegraphThese are mortgage foreclosure cases filed recently in Madison County Circuit Court. The information shown is the case number, the defendant, property address and date of court filing. Oct. 14 08CH1209: Kevin Alexander, Angela Alexander and Madison ...
Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...
Fitch Upgrades 1 Class of Morgan Stanley 1997-WF1; Assigns Outlooks - Businesswire.comNEW YORK--( BUSINESS WIRE )--Fitch Ratings has upgraded Morgan Stanley Capital, Inc.'s commercial mortgage pass-through certificates, series 1997-WF1, as follows: --$8.4 million class H to 'AAA' from 'AA-'; Outlook Stable. In addition ...
Mason lodge, bank continue talks - Cincinnati.comThe Madison, Wisc.-based company cautioned last month it was having difficulty negotiating an extension of the mortgage despite a $1.5 million positive cash flow and strong bookings in the face of the global credit crunch. Great Wolf said it is ...
Employee of Madison firm killed in Mumbai attacks - Milwaukee Journal SentinelDec. 1, 2008 1:32 p.m. | Madison - One of those killed in last week's terrorist attacks in Mumbai was director of customer relations for Madison-based TomoTherapy Inc. Sam Jeswani of Chicago was killed while traveling in Mumbai on business, according ...
State headlines: Great Wolf scrambles to retain Ohio resort - Biz TimesMadison-based Great Wolf Resorts announced that it continues to talk with its lenders about extending the maturity date on a $76.8 million mortgage on its indoor waterpark resort in Mason, Ohio. Great Wolf could lose the 2-year-old Ohio resort, which ...
Today's Mortgage Terms starting with L
Lender: The bank, mortgage company or mortgage broker providing the loan.
Loan Application: A statement of personal and financial information needed to apply for a loan.
Loan Application Fee: A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.
Loan Origination Fee: Fee charged by a lender for the administrative costs of processing a loan.
Loan to Value Ratio (LTV): The balance of the mortgage outstanding as a percentage of the home's price.
Lock or Lock In: A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.
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