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Newspaper round-up - Reuters UKPlans to give working rights to 4.5 million employees of British companies are to go ahead, despite protests from business leaders. The Labour Party's business secretary, Lord Mandelson, stated last October that he would review the new rights, which ...
PRESS DIGEST - Financial Times - Dec 3 - ReutersPlans to give working rights to 4.5 million employees of British companies are to go ahead, despite protests from business leaders. The Labour Party's business secretary, Lord Mandelson, stated last October that he would review the new rights, which ...
Interest rates head for ZERO per cent... and millions of savers will ... - Daily MailSmall return: Savers face the prospect of the lowest interest rates since the Bank of England was set up in 1694 The Bank of England could slash interest rates to zero per cent within months, economists said yesterday. But the majority of homeowners ...
FMBN to restructure, recapitalise - VanguardTHE Central Bank of Nigeria (CBN) said yesterday that arrangements have been concluded to restructure and recapitalize the Federal Mortgage Bank of Nigeria (FMBN) to enable it meet with the challenges of the nation’s housing sector. Disclosing this ...
Brown raises prospect of interest rates falling to ZERO after bank ... - Daily MailInterest rates could fall as low as zero, experts warned today after the Bank of England slashed them to their lowest level since 1939. The Bank cut the base rate by another one per cent on top of the shock 1.5 per cent reduction last month to take ...
Rate cut 'will do nothing' for homeowners - This is MoneyThe majority of homeowners will not save a penny on their mortgage if the Bank of England slashes rates again today, new research indicates. The central bank is widely expected to cut rates at lunchtime from 3 to 2%, the lowest level since 1939. But ...
Port’s budget comes with 5.19 percent tax hike - Times Herald-RecordPORT JERVIS — The city has a proposed $12.5 million budget for 2009 that includes a 5.19 percent tax increase. There’s not much increase in spending for the proposed budget, but there is a $90,000 decrease in revenue from projected mortgage taxes ...
Bank cuts UK rates to 57-year low - BBC NewsWhile banks are expected to cut the interest they pay on their savings accounts, no decisions have yet been made. The Royal Bank of Scotland said it would be passing on the cut in full to its small business customers , while Lloyds TSB said it would ...
Bank cuts interest rates to 2% - BBC BusinessBefore the interest rates decision, the Halifax said its customers with existing tracker mortgages, that follow moves in the Bank of England's Base Rate, would benefit in full from any cuts. This was despite a clause in the Halifax's paperwork which ...
Volatile Wall Street ends day with rally - Financial TimesBanks and homebuilders were among the favourite stocks on Wednesday as investors hunted for bargains during a volatile session that finished with a strong rally. Short positions in the battered sectors were squeezed as signs emerged that some of the ...
Today's Mortgage Terms starting with S
Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.
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