Mortgage options surge as buyers seek tailored loans
Real estate pros note a flood of mortgage products driven by lenders aiming to fit individual buyers. ARMs offer lower starting rates and rate risk sharing, with three-year and one-year teaser options. First-time buyers may benefit most from initial cash savings, while others weigh stability versus duration. Greg Jordan reports.
MENTIONED IN THIS ARTICLE
Association of Realtors
Richard Johns
Chicago
Johns
Jahns
Figgie shareholders meet at Bluefield plant in Virginia
Figgie International Inc. held its annual shareholders meeting in Bluefield Virginia near the Kersey American LaFrance plant. Chairman Harry E. Figgie Jr. outlined growth since 1965 including mining equipment tow tractors fire trucks and aerial ladders. Five directors were elected and two shareholder requests rejected. Mayor Cecile Barrett presented Figgie with a gold key and praised the plant’s role.
MENTIONED IN THIS ARTICLE
Figgie International Inc
Bluefield
Kersey American LaFrance
Harry E. Figgie Jr
Park Inn
Cleveland
Ohio
Figgie
Rawlings Sportswear
Consolidated Packaging Machinery
Scott Aviation
Fred Perry Sportswear
Kersey- LaFrance
Richard Bezjak
Vincent Chiarucci
Luther Harthun
Woodson Carlisle, Jr
Joseph Skadra
Kersey Manufacturing
Frank
John Kersey
Cecile Barrett
Trump misses bond payment on Atlantic City casinos
Donald Trump failed to meet a Friday payment on about 31 million in interest and principal for bonds financing Trump Castle in Atlantic City New Jersey signaling growing trouble in his real estate empire. Moody s lowered ratings on bonds for Trump Taj Mahal and Trump Plaza as negotiations with lenders continue and a potential bankruptcy risk looms if no deal is reached.
MENTIONED IN THIS ARTICLE
New York
Donald Trump
Trump
Trump Castle
Atlantic City
N.J
Michael Mulvaney
Moody's Investors Services Inc
Wall Street
Moody's
Trump Taj Mahal
Trump Plaza
Trump Organization
Toa Ut
First Fidelity Bancorp
Newark
Midlantic Banks Inc
Edison
Trump Shuttle
Democrats denounce bailout pay to consultants and ex-officers
In Washington, House Democrats blasted the Resolution Trust Corp for paying six-figure salaries to consultants and former thrift executives no longer active in the failed institutions. The hearing, led by Rep. Vento, examined Mercury Savings Western Empire and Midwest Savings management deals, and questioned executive pay as Congress debates another 30 to 50 billion dollars for S&L losses.
MENTIONED IN THIS ARTICLE
Washington
Bruce
Resolution Trust Corp
Cooke
RTC
Vento
S&l
Banking Committee
Treasury
Nicholas F. Brady
Congress
Otwo
Orange County
Calif
Mercury Savings
Western Empire Savings
Owallace Associates
Salt Lake City
Midwest Savings Association
Minneapolis
Franklin Savings Association
Ottawa
Kan
Bluefield JSEC to Hold Quarterly Meeting June 27
In other business the Bluefield Job Services Employers Committee will hold its quarterly meeting at noon on Wednesday June 27 at the Bluefield Holiday Inn on U S Route 460. Guest speaker Charles R Cunningham administrative law judge Division of Employment Security. The meeting will provide information and answer questions related to appeals on unemployment benefit decisions.
MENTIONED IN THIS ARTICLE
Bluefield Job Services Employers Committee
JSEC
Bluefield Holiday Inn
U.S. Route 460
Charles R. Cunningham
Dow hits closing high amid triple witching hour
The Dow Jones industrial average rose 7.67 to 2935.89 as options and futures expiry roiled markets. Volume on the NYSE surged to 205.13 million shares while breadth showed 611 advances, 835 declines, amid mixed results and thin confidence.
MENTIONED IN THIS ARTICLE
New York
Labor Department
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Greg Jordan
The
Daily Telegraph
Greg
Jordan
Wheat First Securities, Inc
York Stock Exchange
IBM
Aligas
Lockhd
Va Alco Ltd
Es Loews
Lowes
Ye Aligaw
Lukens
Alcoa
Aeipw
McDerl Amrtch
AuRich
Citicorp
Royld
Exxon
Sears
Va GrbPds
Unocals
Ame
Pwr
Dom Res
Grumman
Mesa Lp
Shoneys
Allied Sgnl
Deere
Hel Myers
Mo Morris
Signet
Amer Brands
Digg Comm
Hercules
Mesa Roy
Sony
Amerada
Sashne M
Amer Family
Det Ed
Ingersoll
Nik Sthn
Ashland Oil
Duke Pwr
John Jn
Syntex
Avon
Kelly Oil
Nacco and
Texas Air Atlas Corp
Estra G&f
Kerr-McGes
Transamer
Bal G&e
Eme Radio
Coca Cola
Occidental
Tucson
Emis el
Kjer
Olin
TRW
Bak Hug
Lil Vernon
Pahndl E
Union Pac
Bil Mtn
Ethyl Flowers
LTV
Ptrck
US Air
Bearings
Litton
PtPrm
Unisys
Burl No
Fluor
United Tech
and Busch
Foster Wh
la Pac
Cabot
First Va
Pepsi
Chimpinti
FrortMc
Pfizer
Wrn
Genetech
MFS Mtr
Wstnghse
P&e Ga Pacific
A Manor Care
Quak St O
Whittaker
Costal Corp
MAPCO
Reebok
Col Gas
Gerb Sc
Valero
Crm&Knw
Grace WR
McDonalds
Rockwell Crane
Marion Lbs
Sara Lee
H B Fuller
Wheat
First Financial Corp
He Securities Inc
Key Centurion
Inter-Dealer
Ladd Furniture
MCI Communications
Nashle
Ask Nat'l Banc of Commerce
Apple Computer
Noland Corp
Robert A. Knox
Figgie’s
Chase Manhattan
Bankers Trust
Manufacturers
Hanover
Jetre
David Cooke
California
Michael J. Martinelli
Kansas City
Priddy
Tuffliner
Beckley
Sophia
Priddys
Commerce Department
Wilshire Associates
NYSE
Standard & Poor
S&p
American Stock Exchange
Consumer Price Index
Laba
Bluewell
Ramada Inn
Harper Road
Wolff
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