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Investing > General Mortgage
The following information is about General Mortgage.
General Mortgage Defined
A mortgage that covers all (blanket) the eligible properties of a borrower and not one particular property. If a liquidation should occur, a blanket mortgage may have a lower priority claim than a mortgage on specific properties.
See Also: General Mortgage Bond; Liquidation
This definition is in context to Investing. See more contextual defintions for General Mortgage.
Toyota's Toyoda scolds execs for emulating U.S. car companies' mistakes
Published July 5, 2009, 12:13 am, Seattle Times
Toyota Motor's honorary chairman, Shoichiro Toyoda, scolded the company's president for being so anxious to boost sales and profits that he'd let Toyota emulate now bankrupt General Motors and Chrysler. Toyota, he said, had become addicted to big, expensive cars and trucks and had forgotten customers' need to save money.
Recession hurts even the savvy ex-athletes like Willie Davis
Published July 4, 2009, 11:26 pm, The News-Star
The economic recession has taken a $9 million bite out of Pro Football Hall of Famer-turned-businessman Willie Davis.
Top 50 developers 2009
Published July 4, 2009, 7:10 pm, InsideHousing
It was a year ago that the reality began to dawn: affordable housing development would not be immune to the effects of the credit crunch.
Local housing industry sees tough times
Published July 4, 2009, 5:52 pm, Burlington Times-News
Rick Gunn calls it a "perfect storm": Too many houses, not enough buyers and tighter financial markets. "I have been in this business for 25 years," said Gunn, of Rick Gunn Realty, "and I have never seen a better supply of homes."
Merrill Lynch pays $300,000 to settle with Massachusetts
Published July 4, 2009, 10:32 am, The Republican
SPRINGFIELD - Merrill Lynch, a company that repaid $14 million to Springfield following a failed investment of city funds in 2007, has agreed to pay $300,000 to the state, culminating an investigation by the state attorney general's office.
Dow is weighed down by heavy-hitting large caps
Published July 4, 2009, 7:05 am, St. Louis Post-Dispatch
The sudden contraction in U.S. consumer spending and global liquidity that brought some of America's most revered companies to their knees has made the Dow Jones industrial average — meant to represent the country's leading companies — more a benchmark of laggards.
Experts look at Tulare County retirement fund
Published July 4, 2009, 4:14 am, Visalia Times-Delta / Tulare Advance-Register
Experts on public employee pension funds say the 25.6 percent drop suffered by the Tulare County fund is not surprising, considering the turmoil in investment markets in the last year.
OPEC and IEA agree not to disagree - a good omen for the industry
Published July 3, 2009, 11:43 pm, MENAFN
OPEC and IEA agree not to disagree - a good omen for the industry
Oil over $100 would hurt global economy
Published July 3, 2009, 11:42 pm, MENAFN
Oil over $100 would hurt global economy
Banking Community Awaits More Scrutiny From Washington
Published July 3, 2009, 10:04 pm, The Memphis Daily News
Lawmakers in Washington are talking about new rules for a broad swath of financial companies and their transactions with customers.Memphis bankers suc....
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