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Wachovia's deposits attracted Citigroup - Miami HeraldCHARLOTTE, N.C. -- The bank that some are branding as Wachovia's rescuer is on shaky ground itself. In the past year, New York-based Citigroup has racked up more than $40 billion in write-downs and other losses, fallout from the subprime mortgage ...
Subscriber Log In - Wall Street JournalWall Street Crisis Campaign 2008 Heard on the Street Market Data Management Health Executive M.B.A. Fret no more. In a year when many people are wondering what happened to the free-market principles of Ayn Rand and her protege, Alan Greenspan, Deal ...
Deposits attracted Citi - Raleigh News & ObserverThe bank that some are branding as Wachovia's rescuer is on shaky ground itself. In the past year, New York-based Citigroup has racked up more than $40 billion in write-downs and other losses, fallout from the subprime mortgage meltdown. It is ...
Legal battle brewing over Wachovia-Wells Fargo merger - TradingMarkets.comIn an interview, Wells Fargo chief executive John Stumpf said Charlotte-based Wachovia and San Francisco-based Wells have a merger agreement and that "we're very confident that this will lead to a combination." Wells said it expects the deal to be ...
October 2008 - Weekly StandardPivoting from his customary "distraction" protestations, Obama is now going after McCain's connection to the Keating Five scandal of 1989. Sen. Barack Obama (D-Ill.) on Monday will launch a multimedia campaign to draw attention to the involvement of ...
Credit Woes Hinting at Consumer Recession - US News and World ReportDuring a conference call following Citigroup's announcement that its chairman and CEO had resigned and that the banking giant would be writing down as much as $11 billion in bad subprime debt, Chief Financial Officer Gary Crittenden was asked if he ...
Citi, Looking Rejuvenated, Weighs a WaMu Takeover Bid - Wall Street JournalCitigroup Inc., moving to take advantage of the turmoil that is hobbling banks throughout the U.S., is considering making a bid for Washington Mutual Inc., according to people familiar with the situation. "People view us today as being a source of ...
Take a look at the ten biggest corporate filings in US bankruptcy ... - CNBCThe National Priorities Project used data from the Office of Management and Budget to explain how each dollar is spent when it gets into Uncle Sam's hands. The Federal Reserve comes to the rescue again with a $85-billion loan package to help shore up ...
PANDIT IN CHARGE - New York PostCitigroup is bringing $49 billion in failed mortgage paper onto its books in a bold move to protect the investments from being wiped out completely. It was the first offensive play by Citigroup's new chief Vikram Pandit in his first two days on the ...

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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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