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Park refinance mortgage news:

Mall owner gets extension - St. Louis Post-Dispatch
Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the Chicago-based company works to stave off bankruptcy and negotiate longer-term extensions ...

Mortgage rates fall for 2nd day; won’t help all - Buffalo News
MIAMI — Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven’t seen this year. That drop is what the Federal Reserve was aiming for when it announced a plan Tuesday to buy $600 ...

General Growth Properties wins loan extension for Las Vegas malls - Newark Star-Ledger
General Growth Properties -- the nation's No. 2 shopping mall operator, with four outlets in New Jersey -- has received a two-week extension on mortgage loans totaling $900 million, as the troubled company works to stave off bankruptcy and negotiate ...

Economic uncertainty means banks may shut down credit lines - News-Press
Q: Do you think banks will cut off all equity lines of credit? We have an established equity line set with a major bank. The bank also holds our mortgage. With the economic uncertainty and most of my income coming in the form of a commission, we may ...

BC-UT--Economy-Court Filings,1st Ld-Writethru/338 - Daily Herald
SALT LAKE CITY -- The lagging economy appears to be driving up civil court filings in Utah. Mortgage foreclosures and liens were up 111 percent between July and October compared to the same period last year. A court analysis also indicates that the ...

Court cases surge as Utahns cope with economic woes - Salt Lake Tribune
A bad economy historically means more business for the courts. "If you go back over the last 15-20 years, whenever there's a downturn ... you generally see an increase in civil filings," said state Courts Administrator Daniel Becker. Sure enough ...

New crisis seen hurting commercial properties - Arizona Daily Star
WASHINGTON — The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in ...

Monetizing the Debt - FXStreet.com
Deflation won't happen here; at least not if Federal Reserve (Fed) Chairman's Ben Bernanke's plan pans out. Deflation is considered a persistent decline in prices of goods and services; in a speech in 2002, Bernanke outlined the steps he would take ...

Unhand that economy, villein! - Meganmcardle.theatlantic.com
I've been thinking about this for awhile. How much of this current crisis is just a manifestation of the American--indeed human--will? We're always talking about politicians deluding us and Wall-Street manipulating us, and predatory lenders conning ...

Buy Real Estate Now - Forbes
11.27.08 - First, the bad news. New home sales in the U.S. haven't been this low since 1991, according to the Commerce Department. Now the good news. New home sales in the U.S. haven't been this low since 1991. This means prices are back to where ...