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Edward Lawrence, Reporter - KLAS-TV
Time is running out for voters to participate in next month's election. If you are not registered to vote by Tuesday evening, you will lose your chance to cast a ballot. Inside, find links with information on registering to vote and much more. Barack ...

Fannie, Freddie to Buy $40 Billion a Month of Troubled Assets - Bloomberg
Oct. 11 (Bloomberg) -- Federal regulators directed Fannie Mae and Freddie Mac to start purchasing $40 billion a month of underperforming mortgage bonds as the Bush administration expands its options to buy troubled financial assets and resuscitate ...

Pending Home Sales Rise As Buyers Grab Bargains - CNBC
Pending sales of existing U.S. homes unexpectedly jumped in August to the highest level in over a year, data from a real estate trade group showed on Wednesday. The National Association of Realtors Pending Home Sales Index, based on contracts signed ...

August pending home sales jump 7.4 percent: NAR - Reuters
NEW YORK (Reuters) - Pending sales of existing U.S. homes unexpectedly jumped in August to the highest level in over a year, data from a real estate trade group showed on Wednesday. The National Association of Realtors Pending Home Sales Index, based ...

US August pending home sales jump 7.4 pct - NAR - Reuters
NEW YORK, Oct 8 (Reuters) - Pending sales of existing U.S. homes unexpectedly jumped in August to the highest level in over a year, data from a real estate trade group showed on Wednesday. The National Association of Realtors Pending Home Sales Index ...

McCain mortgage plan shifts costs to taxpayers - CNN Money
NEW YORK (CNNMoney.com) -- Under a mortgage rescue plan announced at the debate Tuesday night by Senator John McCain, much of the burden of paying to keep troubled borrowers in their homes will shift to taxpayers. McCain's original plan called for ...

People on the Move - Baltimore Sun
•Fastspot announced the appointments of Kim Koenig as project manager and Zach Waugh as a programmer and developer for the Baltimore-based interactive design agency. •Imre Communications named Jay Selway and Lisa Mendelow to the staff of the ...

If banks fail, the sky will not fall - Miami Herald
In the children's story, Chicken Little sounds an alarm that is both sincere and naive: ''The sky is falling, and it hit me on the head.'' Like the figure from the bedtime story, President Bush claims that the sky will fall if we do not save Wall ...

CORRECTED-August pending home sales jump 7.4 pct - NAR - Forbes
United States - (Corrects after NAR amends reference to low mortgage rates after Fannie, Freddie takeover. Also corrects to show pending sales were based on contract signings in August) NEW YORK (Reuters) - Pending sales of existing U.S. homes ...

Feeling the Pain As Irish Property Values Plummet - Washington Post
Denis Finn, a successful developer for more than a decade, has seen his company go bankrupt, dismissed 34 employees and faces millions in debt. (By Gerry Mooney -- Sunday Independent) Finn paid about $4 million for St. Lawrence Lodge, right, and ...

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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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