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Capital Sources - Daily Business Reviewlthough South Florida-based community banks have so far avoided failure, their collective fortunes continue to weaken, according to Coral Gables-based BauerFinancial’s quarterly report on the financial health of the nation’s banks and credit ...
Wall St. puts spin on N.Y. Senate races - Star-GazetteALBANY -- The Wall Street debacle has sharpened voters' concerns about property taxes and the state's fiscal health, making those issues even more pronounced heading into the final month of the battle for control of the state Senate, Republican and ...
Mortgage burden becoming crushing for millions in U.S. - Houston ChronicleMIAMI — Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents. Ray lost his engineering job last November and has been working as high school tutor, scratching ...
Davie Mobile Home Residents Can't Avoid Evictions - CBS 4 South FloridaDAVIE (CBS4) ― The town of Davie calls this a crisis, and for many of the residents at the Palma Nova Mobile Home Park its closing is simply a disaster. Many of the 850 families at the park live on fixed incomes, with little money to spare. They ...
Millions spend half of income on housing - BusinessWeekAl Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents. Ray lost his engineering job last November, and has been working as high school tutor, scratching out about ...
Cash crunch traps homeowners - Boston GlobeMIAMI - Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents. Ray lost his engineering job last November, and has been working as high school tutor, scratching ...
Housing costs eat up more incomes this year - Seattle Post IntelligencerMIAMI -- Al Ray is so strapped for cash that the only time he eats out is on Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents. Ray lost his engineering job in November and has been working as a high school tutor ...
For Millions, Housing Saps Half Of Income - NewsNet 5Ray lost his engineering job last November, and has been working as high school tutor, scratching out about $1,000 a month -- if he's lucky. He struggled to make his $1,400 monthly mortgage payment and $330 monthly homeowners' association fee until ...
No money to spend - Allentown Morning CallMIAMI | - Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents. Ray lost his engineering job last November, and has been working as a high school tutor ...
Job is lost, and home may be next - Rocky Mountain NewsA foreclosure sign stands outside a home that was being put up for auction in Denver last spring. Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents. Ray lost ...

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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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