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Former housing industry economist who famously said there was no ... - BusinessWeekDavid Lereah, the National Association of Realtors’ former chief economist who famously denied that the housing bubble existed even as it started to pop, is finally admitting that he was wrong. Lereah, whose book “Why the Real Estate Boom Will ...
Mortgages: What You Need to Know in 2009 - BusinessWeekBy Peter Coy With all the doom and gloom over housing , you might be surprised to know that this is a fantastic time to get a mortgage. Not if you have poor credit, to be sure. But you can get a great deal on a 30-year, fixed-rate, conforming loan ...
WHAT OTHERS ARE SAYING - Chicago TribuneWait—there's hope. Contrary to appearances, the world is not coming to an end. What we're living through is a painful, protracted, but ultimately healthy rebalancing. For years, Americans overindulged—borrowing from the rest of the world and each ...
CapeCodToday Blog Chowder - Cape Cod TodayWelcome to CapeCodToday's Blog Chowder! This page aggregates the most recent postings from all the CapeCodToday bloggers for your convenience. Bookmark this page or see below left for RSS options. I remember the OJ trial. There was a lot of evidence ...
Stephen Nolan: I lost £200,000 in house sale - Belfast TelegraphRadio star Stephen Nolan had his fingers burnt when he became “greedy” trying to make a fortune in Ulster’s booming property market. The larger-than-life presenter has told how he was left “sickened” when he lost a whopping £200,000 as the ...
Is the threat of deflation just another scare story? My rail ticket ... - Daily MailSomebody really ought to tell the Southern Railway about the terrifying spectre of deflation that is supposedly stalking our economy, the nightmare prospect of ever-falling prices. Before Christmas, a typical monthly season ticket for a one-hour ...
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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