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Oil prices slip on weak global demand - News1130.comVIENNA, Austria - Worries about global economic growth and expectations of a weak U.S. jobs report pushed oil prices lower Friday, despite concern about fighting in Gaza and evidence that OPEC production cutbacks were taking hold. Oil prices had ...
Nearly 10 percent of Latinos lag on mortgages - ForbesNearly one in 10 Latino homeowners fell behind in mortgage payments last year, and about 3 percent said they had received a foreclosure notice, a Hispanic research group reported Thursday. The Pew Hispanic Center's survey of Hispanic adults found ...
Credit to dry up further as mortgages hit new low - HeraldThe amount of credit available from banks will be further reined in over the next three months as lenders keep a tight grip on the numbers of mortgages, credit cards and loans which are approved. The Bank of England said yesterday that the number of ...
Spaniards to spend 15 pct less in sales - study - FXStreet.comMADRID, Jan 5 (Reuters) - Spaniards will spend 15 percent less on average in this year's winter sales, a total of 106 euros each, marking what could be one of the steepest falls in sales spending in Europe, a study showed on Monday. The fall is only ...
Posts: 3208 - Daily HeraldNow, were there WMDs? Yep. Evidence please. Rumor and innuendo don't count. Neither does faulty, manufactured intelligence (the Bush/Cheney way). To me, it doesn't matter. Hussein was bad for his people (as in murderously bad) and bad for everybody ...
Q&A with St. Charles County Executive Steve Ehlmann - St. Louis Business JournalWe have gone through a period of tremendous growth. We need to evaluate what we did right, and continue to do it. We need to determine what mistakes were made and take measures to ensure we do not make the same mistakes in the future. How has the ...
N.J. housing market slide provides opportunity for first-time buyers - Newark Star-LedgerIn a wooded neighborhood of Raritan Township, Sarah Nojiri walks through an empty colonial with a dining room big enough to fit the large furniture her grandmother gave her. She can't wait to hold family dinner parties inside her first home, and she ...
Four at Four: Clean-Up in the Financial Supermarket - Wall Street JournalCitigroup’s time at the top of the heap among major U.S. banks ended several months ago amid its run of multi-billion-dollar write-downs and eventual government bailout, but this week served as the final stamp to that end. In the late 1990s, then ...
Rotary Club of Eureka announces new president - Eureka Times-StandardThe Rotary Club of Eureka announced that Teresa Sims will be the president for 2010-2011. Former President Bert Campton, who headed up the nominating committee, said they felt that Sims holds all of the attributes needed by a president and the ...
The rush to refinance - Boston GlobeThe mortgage interest rates have gone down again. Does that mean that refinancing is the best thing you can do? It’s a dirty little secret that most of the homeowners who are under water got there through refinancing, not by borrowing for their ...
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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