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Commercial-Mortgage Bond Holders Blame Paulson for Tailspin - Bloomberg
Nov. 21 (Bloomberg) -- Top-rated commercial-mortgage bonds tumbled 24 percent in November, almost triple the worst month ever, as Treasury Secretary Henry Paulson reversed a decision to buy mortgage assets to help stabilize the credit markets ...

Commercial-Mortgage-Securities Holders Blame Paulson (Update1) - Bloomberg
Nov. 21 (Bloomberg) -- Top-rated commercial-mortgage bonds tumbled 24 percent in November, almost triple the worst month ever, as Treasury Secretary Henry Paulson reversed a decision to buy mortgage assets to help stabilize the credit markets ...

Looking to fill jobs - Bismarck Tribune
There's a sense of desperation in the comments section of a recent survey taken at a Michigan job fair: When asked what workers there need to have to consider moving to North Dakota, the answers varied from "money"to "moving expenses"to "a job ...

Names and notes in business - Grand Rapids Press
Dr. Julie Forstner was appointed to lead the Cancer Center at Metro Health Village by the University of Michigan Health System. She also will serve as assistant professor of radiation oncology. Wanda McCallum joined Owens-Ames-Kimball Co. as office ...

As bailouts add up, a generation wonders who will pay up - MLive.com
Press Photo/Emily Zoladz Grand Valley State University senior Jim Kennedy, 20, of Ann Arbor, has plenty of family ties to the auto industry. As a Grand Valley State University student who hails from the east side of Michigan, it is no exaggeration to ...

Tribune Editorial: Cheers to Fannie & Freddie, jeers to deer baiters - DL-Online
Cheers to mortgage finance giants Fannie Mae and Freddie Mac, which are temporarily suspending foreclosures and evictions during the holiday season to help keep people from losing their homes. Foreclosures and evictions will be stopped from Nov. 26 ...

Jobs Classifieds Real Estate Rentals Autos - Cedar Rapids Gazette
Chris Christensen breaks up concrete around what had been the garage at his flood-damaged home at 1635 Ninth St. NW in the Time Check neighborhood of Cedar Rapids. Christensen has qualified for up to $50,000 from the city's housing assistance program ...

The U.P. Economy Part 1 - WLUC TV 6
More Local/State News... Tuesday, November 18, 2008 at 11:30 a.m. MARQUETTE -- If these last couple of weeks has proven anything, Upper Michigan is not immune from the global economic downturn.  There’s the closing of restaurants, a car dealership ...

November 2008 - Posts - MSNBC Firstread
For the Thanksgiving holiday, we are suspending our morning note (including First Thoughts) for next week. Don't fret too much, though. We will still be doing updates as usual throughout the day on Monday, Tuesday and Wednesday. Patrick Gaspard will ...

August 31 - September 7 (99) - Dakota Voice
► January 16 - January 23 (1) She quietly inhaled the gas mixture the doctor gave her to relax. Suddenly, there was incredible pain. She jerked her legs up and cried. The doctor yelled at her and told her not to move. If she moved, she would bleed ...

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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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