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How New Jersey's House delegation voted on bailout - Newsday
Against: Rodney Frelinghuysen (R), Scott Garrett (R), Frank LoBiondo (R), Bill Pascrell (D), Donald Payne (D), Steve Rothman (D), Chris Smith (R). In favor: Rob Andrews (D), Mike Ferguson (R), Rush Holt (D), Frank Pallone (D), Jim Saxton (R), Albio ...

Quebec's housing market continues to soften, says RBC - CNW Group
MONTREAL, Jan. 24 /CNW/ - Quebec's housing affordability continued to deteriorate throughout 2007, according to the latest Housing Affordability report released today by RBC Economics. "Modest price gains, combined with some mortgage rate relief in ...

Housing market expected to cool in Manitoba, says RBC Economics - CNW Group
WINNIPEG, Jan. 24 /CNW/ - Manitoba's housing market is expected to rebalance as rising costs start to weigh on demand in 2008, according to a new housing report issued today by RBC Economics. "While many markets across Canada have shown signs of a ...

Illinois Enterprise Digest for Sept. 27-29 and thereafter - Chicago Tribune
CHICAGO -- Between the prayers that fill the holy month of Ramadan , during the long fasts that stretch from dawn till dusk, Muslims have been meeting in halls, schools and homes to discuss the disappearance of Salman Ibrahim. The well-respected ...

Quebec housing prices stable - Montreal Gazette
Home ownership became less affordable nationally in 2007, but prices remained fairly stable in the Quebec market, a new report released by the Royal Bank of Canada yesterday says. "The erosion in housing affordability seen across the country was felt ...

The face of the new Mafia - Chicago Sun-Times
Lev "Dollar" Stratievsky survived the Holocaust as a boy, came to Chicago and became a millionaire, going from driving a cab to driving a Mercedes. Flush with success, he would hold court at a table in one of the restaurants he owned and, like any ...

Board accepts stadium - Harrison Daily Times
After six years of planning, fund raising, negotiations, delays and construction, F.S. Garrison Stadium is finally ready for what it was intended — to be the home of the Harrison Goblins. Click image to enlarge Staff Photo/James L. White Harrison ...

Relief. Markets soar as U.S. unveils massive bailout - Montreal Gazette
At last, the end might be in sight. After two weeks of convulsions in financial markets that included corporate bailouts worth a potential $285 billion, U.S. authorities appear to have gotten ahead of events. With the promise of a gigantic ...

Mass Layoffs at Molokai Ranch - KHNL News 8
MOLOKAI (KHNL) -- A severe economic blow on the Friendly Isle. Molokai Ranch announced Monday it's shutting down operations. With that announcement, more than 100 ranch employees learned they'll no longer have a job. Just to give a perspective on how ...

Equity falls hit super funds - The Age
ONCE mighty equities are being removed from global markets, or whittled down to nothing, exaggerating losses for superannuation funds. Most balanced funds, which have a large exposure to Australian equities, have already reported a reduction in funds ...

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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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