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News about Mortgages:
From riches to rags - Rocky Mountain NewsFor 17 years, Greg Perry climbed his way up the mortgage banking ladder - from retail loan officer to manager of wholesale accounts. He enjoyed the work, and at the height of his career he was making more money than he knew what to do with. Then he ...
Savers to be given Government help to protect against interest rates ... - Daily TelegraphThe Bank of England is poised to drop interest rates, already just 2 per cent, to the lowest level in its 315-year history later this week at the next meeting of the Monetary Policy Committee (MPC). It will leave millions of savers with accounts ...
William Rivers Pitt: A Very Bad Year - ScoopThe year 2008 began on a Tuesday. Matters went downhill swiftly from there. On that first day of 2008, the Taliban threatened to further escalate attacks in Afghanistan, eight people died in Gaza amid the violence of the Fatah-Hamas conflict and US ...
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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