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Loan Modification

: Mortgage Lender Implode-o-Meter

General Growth to Submit New Proposal, Lawyer Says

By Implode-Explode Heavy Industries

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" General Growth Properties Inc. will submit by next week a new proposal to reorganize its holding company that would give it more than $6 billion in cash and another $250 million to back a rights offering. It also won permission to reorganize five property-owning units."

Full post as published by Mortgage Lender Implode-o-Meter on March 19, 2010 (boomark / email).

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