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Rangel had no-interest mortgage more than 10 years - Las Vegas SunRep. Charles Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful House committee chairman said Friday. The New York congressman's lawyer, Lanny Davis, told The Associated Press that Rangel got ...
Former Club Owner Sentenced in Scam: Man to Pay Millions for Mortgage ... - Washington PostThe former owner of a group of Washington area nightclubs and restaurants was sentenced yesterday to nearly six years in prison for orchestrating a mortgage fraud scheme that investigators said was one of the largest ever prosecuted in Northern ...
Prosecutor becomes figure in mortgage mess - Washington PostLOS ANGELES (Reuters) - Thomas O'Brien, the U.S. Attorney for California's Central District, is emerging as a likely prosecutor in criminal cases expected from the U.S. mortgage meltdown. In the past, he has faced gang members in court and since ...
Treasury Secretary Paulson's balancing act on Fannie and Freddie - Los Angeles TimesWASHINGTON -- When Treasury Secretary Henry M. Paulson Jr. reveals how the Bush administration intends to steady tottering mortgage giants Fannie Mae and Freddie Mac -- probably this afternoon -- he will be walking a knife edge between two seemingly ...
Mortgage crisis found Fannie, Freddie blind to bubble - Jackson SunWASHINGTON - Mortgage giants Fannie Mae and Freddie Mac - despite their robust cadre of economists and mortgage experts - failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies - particularly Freddie ...
Obama, McCain call for changes in mortgage giants - Seattle TimesDemocratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee John McCain, said it ...
Candidates weigh in on stabilizing Fannie, Freddie - International Herald TribuneWASHINGTON : The historic takeover of government-backed mortgage lenders Fannie Mae and Freddie Mac, which could come as soon as Sunday, moved to the forefront of the presidential campaign as candidates and congressional leaders seized on the ...
Rangel had no-interest mortgage more than 10 years - Associated PressWASHINGTON (AP) -- Rep. Charles Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful House committee chairman said Friday. The New York congressman's lawyer, Lanny Davis, told The Associated ...
Fannie, Freddie criticized by presidential candidates - AZCentral.comWASHINGTON - The widening housing crisis took center stage on the presidential campaign trail Saturday after the Treasury Department confirmed to the candidates it was preparing a historic seizure of mortgage finance giants Fannie Mae and Freddie Mac ...
Government set to takeover mortgage giants - Delaware OnlineWASHINGTON -- The historic takeover of Fannie Mae and Freddie Mac, which could come today, moved to the forefront of the presidential campaign Saturday as candidates and congressional leaders seized on the enormous implications for taxpayers and 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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