Lexington Park Mortgage Rates and Information Online from competing Lenders

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US gov't unveils bold plan to rescue Citigroup - International Herald Tribune
WASHINGTON : Rushing to rescue Citigroup, the U.S. government agreed to shoulder hundreds of billions of possible losses at the stricken bank and to plow a fresh $20 billion into the company. Regulators hope the dramatic action will bolster badly ...

commercial real estate - New York Observer
95 Morton Street. The New York-based real estate private equity firm Brickman has dropped $96.5 million on 95 Morton Street, an eight-story pile of bricks at the corner of Morton and Washington streets. The Fifth Avenue firm signed the deed on Nov ...

TWO W HOTELS GO ON MARKET - New York Post
THE W New York Tuscany at 120 E. 39th St. and the W New York Court at 130 E. 39th St., which sit on the same block between Park and Lexington avenues, are about to be marketed by Larry Wolfe at Eastdil Secured. The hotels, among the first W's ever ...

Paying with cash instead of plastic is 'a new way of life' - Lexington Herald-Leader
NEW YORK — Cash or credit? For more Americans, who have already maxed out their credit cards or are just trying to manage their spending better in the tough economy, the answer is increasingly the old-fashioned one. Retailers such as Wal-Mart ...

More customers resume using old-fashioned cash - Lexington Herald-Leader
NEW YORK -- Cash or credit? For more Americans, who have already maxed out their credit cards or are just trying to manage their spending better in the tough economy, the answer is increasingly the old-fashioned one. Retailers like Wal-Mart Stores ...

Chase to cut jobs at airport - News-Star
Chase Home Lending announced on Thursday it would eliminate more than 30 jobs at its national mortgage records and servicing complex in the Monroe Air Industrial Park. Company spokesman Greg Hassell said that the sagging national economy, much of it ...

Updated 6:33 p.m. Chase to eliminate more than 30 jobs at Monroe ... - News-Star
Chase Home Lending announced today that it would eliminate more than 30 jobs at its national mortgage records and servicing complex in the Monroe Air Industrial Park. Company spokesman Greg Hassell said that the sagging national economy, much of it ...

Maryann Haggerty and Elizabeth Razzi - Washington Post
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...

Pressure on Citigroup builds, shares fall below $4 - Washington Post
A man talks on a mobile phone in the Citibank branch headquarters on Park Ave. on Friday, Nov .21, 2008 in New York. Shares of Citigroup Inc. climbed in premarket trading Friday, as the financial giant was said to be looking at selling off pieces of ...

IAN GETS MARQUEE - New York Post
SOURCES have just whispered to us that the much-touted Ian Schrager -created hotel group for Marriott International could simply be dubbed "Schrager Hotels." After all, everyone refers to them as Schrager hotels, anyway, right? "There is a name ...

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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