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City Halls Call Out for Help From Obama - WXIA 11 Alive(MSNBC.com) -- America's mayors are crying out for help from President-elect Barack Obama, seeking immediate relief from a national economic crisis that has slammed budgets in big cities, suburbs and small towns. INTERACTIVE MAP: What America's ...
The market's down, but not my house - Boston GlobeThe real estate market may be tanking and values plunging. But hey, don’t look at me. My home is actually gaining value! That seems to be the attitude of a surprisingly large number of homeowners amid the current downturn, a recent AP story found ...
"Hollywood Hookah" opens on Marshall Street - Syracuse Post-StandardJennifer Meyers / The Post-Standard Syracuse University student Joe Raymond smokes a cinnamon ice cream flavored hookah while at Hollywood Hookah tonight. With Raymond are J.P. Placella (center) and Jake Boyajian, both of Long Island. It's not every ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. News about the Treasury ’s plan to purchase distressed assets from financial institutions monopolized headlines this week, but regardless of ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Car dealers plead for government help - Globe and MailK P from Newmarket, Canada writes: I look in my local paper and see photos of 14 salespeople at a local Newmarket GM Dealer. I look at that dealers lot and see it full of pick up trucks, SUVs and Vans. Why we should give money to help those ...
November 2008 - Weekly StandardOut on the tour circuit for his new book, "How Mitt Romney, the Fake Conservative, Almost Bought the Republican Primary With His Big CEO Money" "Do the Right Thing," Mike Huckabee took a break from bashing former rival Mitt Romney to take a few ...
Nick Robinson's Newslog - bbcWith one bound they were free. The Tories are no longer committed to matching Labour's spending plans. In a speech this morning David Cameron says that his party will take another look at what government should be spending in what is likely to be ...
Housing slump could be over next year, MPs hear - Times OnlineThe housing market slump could be over as soon as next year if the cost of home loans falls by a further half-point, a leading housing market expert told MPs yesterday. David Miles, chief UK economist at Morgan Stanley, said that if mortgage rates ...
Home prices to slide, not crash: economist - Globe and MailAfter more than twelve years of rising real-estate values in [Toronto] prices dropped in August by 1%...September figures, released yesterday, were even worse, with prices falling 6%. The report also noted that prices in the GTA fell more than 3 ...
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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