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Utah cities bracing for economic shortfall - Salt Lake TribuneWall Street's tremors are starting to be felt in city halls along the Wasatch Front. So city officials, seeing some slowdown in sales tax revenue from the previous year, are taking a hard look at their budgets. "You're not going to find any place in ...
Pioneer Bank promotes eight as part of restructuring - Sioux City JournalPioneer Bank announces that eight senior team members have been promoted as part of an organization-wide restructure set to poise the bank for growth in 2008. Richard ''Rick'' Aadland has been part of the Pioneer Bank team for over 41 years, working ...
Obama takes to TV airwaves - Denver PostNov 4: Palin fires up Colorado Springs crowd In Jeffco, Michelle Obama asks for a prayer for "Toot" Nov 3: McCain, Palin plan final GOP push in Colo. Michelle Obama: Thank Barack Obama's grandmother Nov 2: A family affair in Pueblo Oct 31: Romney ...
Utah foreclosure auction flops - Daily HeraldAn auction that netted $7.5 million in bids on 56 distressed Utah properties fell through last week after the owners -- three banks and two private lenders -- decided they may get a better deal by holding out for the government's bailout plan. "There ...
Blewett fires back - Spokane Spokesman-ReviewSteve is out of the office this week, but prior to leaving, he had asked me to post up anything that might be of interest to keep things rolling. Former S-R ombudsman Steve Blewett has written a commentary in this week's Inlander recounting his ...
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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