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Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. NEW YORK–If further signs were needed that Wall Street had returned from the brink, last night’s bash at the Schwarzman Armory on Park ...
TheStar.com | Business | Buyout kings bracing for the blame - Toronto StarAs recently as a year ago, when they were laying out billions of dollars to acquire some of the most familiar names in the corporate world, private equity shops were celebrated for their audacity as firms including Chrysler LLC, Hilton Hotels Corp ...
Geithner Is Said to Be Obama’s Pick for U.S. Treasury Secretary - BloombergNov. 22 (Bloomberg) -- President-elect Barack Obama picked Timothy Geithner , head of the Federal Reserve Bank of New York, to be his Treasury secretary, with Lawrence Summers getting a senior White House role, a Democratic aide said. Summers, former ...
Middle man: Paul Bentall, Financial Ombudsman Service - Lawyer OnlineFinancial Ombudsman Service general counsel Paul Bentall’s sense of fair play has helped make his organisation respected the world over. Sitting among the towering financial houses of Canary Wharf, the Financial Ombudsman Service (FOS ...
Radar alert for keenly priced property deals - Financial TimesJoseph Robert, chairman of US real estate asset manager JE Robert Companies, surveys the mounting casualties of the global financial crisis and sees an upside. As the world struggles to cope with its worst economic meltdown in decades, he sees once ...
Junk Bond Yields Reach Record 20% as Economy Declines (Update1) - BloombergNov. 19 (Bloomberg) -- Yields on speculative-grade corporate bonds surpassed 20 percent for the first time in at least two decades as a declining economy increased the risk of default. The average yield on high-yield, high-risk debt rose to 20.14 ...
NABE: ‘Prolonged’ Recession Expected - Wall Street JournalThe U.S. economy faces a “prolonged” recession beyond the first quarter of next year and further increases in the unemployment rate, according to a survey of economists released Monday by the National Association for Business Economics. The ...
Who is Tim Geithner? - The Washington Independent.comFor those of us who are still having a hard time wrapping our brainpans around what exactly credit default swaps are and why they made the economy go boom , we may need some help understanding the meaning of President-elect Barack Obama’s reported ...
The Emperors New Clothes - Safe HavenWe are deferring our expanded analysis on the metals supply chain in favor of the effect of Sovereign Wealth Funds, a perspective of the housing market, and a look under the hood of the Fed Funds rate. We will also cover our regular review of ...
New day dawns for area business - Inrich.comThe business landscape in the Richmond area is significantly changed from a year ago, transformed by a national economy that is veering toward recession. Corporate names long associated with the region have been absorbed into other companies, moved ...
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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