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News about Mortgages:
Doris J. Dungey | Influential blogger, 47 - Philadelphia InquirerDoris J. Dungey, 47, an influential blogger who under the pseudonym Tanta wrote about the failing U.S. mortgage industry, died of ovarian cancer Sunday at Ohio State University Medical Center in Columbus. She previously lived in Upper Marlboro, Md ...
Ohio wins court settlement against mortgage lender - Zanesville Times RecorderCOLUMBUS (AP) - A bankrupt subprime lender accused of shoddy practices has been barred from accepting mortgage applications in Ohio, state Attorney General Nancy Rogers announced Wednesday. The agreement with New Century Financial Corp. of Irvine ...
Low rates breathe life into mortgage market - Columbus DispatchA recent half-percentage-point drop in 30-year home loans is jolting a mortgage market that has been weighed down by a nose-diving economy and troubled credit markets. Mortgage applications were up 112 percent during the week that ended Nov. 28 ...
Agency now has some answers - The Columbus DispatchFor the thousands of jobless Ohioans who have exhausted their unemployment benefits, here's the news you've been waiting for: The state will start distributing checks the week of Dec. 22 under the recently approved federal extension. An estimated 70 ...
Shopping malls, hotels near mortgage default; more looming - The Columbus DispatchWASHINGTON -- Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...
Mortgage company begins foreclosure process on Guerra’s home - Brownsville HeraldRAYMONDVILLE - A mortgage company is foreclosing on District Attorney Juan Angel Guerra's house, according to notice posted at the Willacy County courthouse. Chase Home Finance of Columbus, Ohio, has begun the foreclosure process on the house that ...
The Blogosphere Comes Of Age ... - Andrewsullivan.theatlantic.comThe blogger Tanta, an influential voice on the mortgage collapse, died Sunday morning in Columbus, Ohio. Ms Dungey, RIP, had the right tude: Tanta liked to chew on the follies of regulators, the idiocies of lenders and — a particular favorite ...
Ask AP: Bottom-up bailouts, gas pump tampering - The StateIf troubled automakers and banks need government bailouts, why not give their customers federally financed vouchers to help cover car and mortgage payments - so both consumers and companies could benefit from the money? Curiosity about bottom-up ...
Beazer Homes loss balloons as sales plunge in Columbus, other markets - Fox 19A struggling homebuilder that's pulling out of Columbus reports that losses in its latest quarter more than tripled from a year ago. Beazer Homes USA also says its home closings in the July through September quarter were down 38% compared to last ...
We Are All Subprime Now, R.I.P. - The Washington Independent.comFinancial bloggers are in mourning today for Tanta, at Calculated Risk, who died on Sunday in Columbus, Ohio. As the tributes to her throughout the blogosphere make clear, her analysis of the mortgage crisis was closely followed and influential. She ...
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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