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Need mortgage help? Don't call the Philippines, says Flint Journal ... - MLive.com
of her columns. A few weeks ago, when the economic poop was hitting the fan, I realized I had a very small window of time to get out of our Private Mortgage Insurance. To educate those of you who are smart enough not to pay for something as goofy as ...

Loan losses are hurting insurers - Knoxville News Sentinel
WASHINGTON - A new wave of loan defaults, this time tied to commercial mortgages, is starting to hit insurance companies and may be contributing to the stock market's woes. Industry players say the insurers' predicament is being worsened by a rule ...

Loan rates slide again - Fort Wayne Journal Gazette
WASHINGTON – Mortgage rates dropped for a second straight week, reflecting the effect the weakening economy is having on financial markets. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.14 ...

Mortgage Casualties Flocking to the NFCC for Free Assistance - Blogcritics.org
There hasn't been a whole lot of good news on the economic front in recent weeks and the mortgage crisis has inspired our politicians to mortgage our grandchildren's future. Ironically, most of the experts believe it all started with what is being ...

Lenders, homeowners reach out to solve mortgage troubles - East Valley Tribune
For Darrell Logan, 2008 has been the most difficult year of his life. An unyielding series of financial setbacks have culminated in the Queen Creek homeowner, along with his wife, Donnique, and their four children, falling behind on their mortgage ...

Mortgage rates drop again - HometownAnnapolis.com
WASHINGTON, D.C. (AP) - Mortgage rates dropped for a second consecutive week, reflecting the impact the weakening economy is having on financial markets. Freddie Mac, the mortgage giant, reported Thursday that rates on 30-year, fixed-rate mortgages ...

Couple fights to save home - Journal & Sunday Journal
Editor's note: This story is part of an occasional series that will follow one area family that is facing possible foreclosure. CHARLES TOWN - Sherry and Roger Whitmer say they are among the millions of American families who are fighting to save ...

Keep On Giving: Times Are Even Tighter For Others - Washington Post
And yet, I will make that plea. I know that in tough times you want to pull back on your spending, including planned donations, but that's exactly when your giving shouldn't go down -- when the need is so great. The way to continue giving is to be a ...

Bank regulator played advocate not enforcer - MSNBC
When Countrywide Financial felt pressured by federal agencies charged with overseeing it, executives at the giant mortgage lender simply switched regulators in the spring of 2007. The benefits were clear: Countrywide's new regulator, the Office of ...

Michelle Singletary: Continue charitable giving - Shreveport Times
WASHINGTON — With rising unemployment and the stock market looking like a bungee jumper whose cord has snapped, it's hard to argue that people should continue their charitable giving. And yet, I will make that plea. I know that in tough times you ...

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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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