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Roof caves in on new housing - Maine Sunday Telegram
Fewer new homes will be built in southern Maine this year than any time since at least 1991, figures show. From January through Nov. 15, builders took out 841 permits in the 38 communities tracked by Construction Data New England. That's roughly a ...

Windham (Windham, Connecticut) - Hartford Courant
Cyncy Abel laughs when talking about how her quality of life has improved since she and her husband, Mike, got a reverse mortgage on their Old Saybrook home. The reverse mortgage allowed her to retire from her full-time job so that she's able to work

Reverse Mortgages Provide Valuable Tool For Seniors - Hartford Courant
Cyncy Abel laughs when talking about how her quality of life has improved since she and her husband, Mike, got a reverse mortgage on their Old Saybrook home. The reverse mortgage allowed her to retire from her full-time job so that she's able to work ...

Conservative Democrat Eyes Conservative District - NHPR
State Senate District 19 includes the towns of Derry, Hampstead and Windham and is one of the state’s most conservative districts. Despite the numbers, Democrats believe economist Daphne Kenyon has a chance to upset incumbent Republican Senator Bob ...

Bankruptcies & Foreclosures - The Ledger
The following businesses or individuals filed bankruptcy petitions in the U.S. Bankruptcy court in Tampa from Sept. 25-Nov. 12, 2008. Chapter 7 filings are for companies and/or individuals whose assets are being liquidated to pay creditors; Chapter ...

Global stocks soar on U.S. plan - MSN UK News
NEW YORK (Reuters) - The U.S. dollar and global stocks rallied on Friday as news of a sweeping U.S. government plan to halt widespread turmoil in capital markets bolstered investor confidence and sent safe-haven bets sharply lower. The rally, spurred ...

US STOCKS-Futures flat; Lehman buyout news, data awaited - Guardian Unlimited
NEW YORK, Sept 12 (Reuters) - U.S. stock index futures were little changed on Friday as investors awaited news on the fate of Lehman Brothers after a slide in its stock this week heightened fears over whether the investment bank can survive. Bank of ...

Daily Report - Baton Rouge Business Report
Barack Obama came up a big winner in the presidential race in Dixville Notch and Hart's Location, N.H., where tradition of having the first Election Day ballots tallied lives on. Democrat Obama defeated Republican John McCain by a count of 15 to 6 in ...

Southern N.H. housing starts sink to record lows - Eagle-Tribune
The number of new homes being built in Salem has hit a 30-year low. The weakening economy and the sluggish housing market are to blame for the drop in housing starts, said Salem Planning Director Ross Moldoff and other local planning directors. In ...

Commercial deed transfers from Nov. 3-30, 2008, edition - Star-Banner
GPT Properties LLC to E.W. Cates Jr. Marion County: $4,000,000. On Top of the World Communities Inc. to Joseph Godbout. Candler Hills East: $166,000. Pulte Home Corp. to David Dunn. Cimarron: $187,935. James Estes to U.S. Bank NA Trust. Country ...

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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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