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News about Mortgages:
HUD millions, but not for Boca or Delray - Boca Raton NewsPalm Beach County commissioners have submitted a $28 million application for housing stabilization funding from the U.S. Department of Housing and Urban Development under its Neighborhood Stabilization Program (NSP). And neither Boca Raton nor Delray ...
Title attorney latest charged in mortgage scam - Palm Beach InteractiveA Boca Raton title attorney has been charged with one count of mail fraud after selling a home to a player in a wide-ranging real estate scam that involved dozens of properties in Palm Beach County. Marni Belkin, an attorney who ran Fortune Title ...
Corporate Crime - Orlando SentinelMUHALLADIYA, Iraq — At this dusty combat outpost 4 miles west of Mosul, Iraqi soldiers complain that they haven't been paid in four months, even though the nation's coffers are bulging with tens of billions of petro-dollars. Stationed along a key ...
Retailers target banks over credit-card fee - Business StandardRetailers such as Target Corp say banks make so much money from the fees that they give credit cards to people who can’t pay their debts, just as they provided mortgages to homeowners who can’t afford them. “It’s another version of subprime ...
Credit-Card Fees Targeted by Retailers Who Say Banks Overcharge - BloombergNov. 29 (Bloomberg) -- The subprime mortgage crisis is giving department and convenience stores and gas stations a new argument in asking Congress for power to negotiate the fees banks charge them to process credit-card transactions. Retailers such ...
Breakers latest service for guests? Real estate office - Palm Beach InteractiveThe Breakers , like many businesses, has trimmed staff this year to cut costs as the economy continues its downward slide. But the upscale resort also is looking for new ways to make money. The Palm Beach resort's staffing is down about 10 percent ...
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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