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News about Mortgages:
Financial meltdown feels like Oklahoma oil bust - CNBCOKLAHOMA CITY - Oklahomans who lived through the 1980s oil bust find themselves feeling a bit of deja vu as they are bombarded by headlines about the failure of Wall Street financial institutions, plummeting housing values in large urban areas and ...
No help for mortgage fraud victims - Miami HeraldFlorida, now saddled with the nation's highest level of mortgage fraud, once offered a program to reimburse people scammed by rogue mortgage brokers -- the money coming from licensing fees. Today, those fees total $24.7 million -- but victims of ...
Officials say Oklahoma banks are solid - Tulsa WorldOKLAHOMA CITY - Oklahoma's economy will not be substantially affected from the credit crisis that led to the bankruptcy of Lehman Brothers, officials said Monday. Bank failures are expected in several states, but Oklahoma Banking Commissioner Mick ...
ProSchools is Approved by the Department of Consumer Affairs to Offer ... - PR Insidedeveloped comprehensive mortgage education courses for South Carolina, designed to meet the South Carolina continuing education requirements. Courses cover Truth in Lending Act, Credit Scoring, and Federal Mortgage Lending Laws. South Carolina law ...
Prospect Mortgage fills GMAC void in Columbus - Ledger-Enquirer– All United States – Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota ...
Why Oklahoma pensions are considered safe - Daily Oklahoman• Sen. Tom Coburn, R-Muskogee: "We should be very concerned that the systems meant to regulate the financial markets, the mortgage bankers and the investment bankers weren't enough to counter the excesses. And we're paying the price now for that ...
Live in the Dorm or Buy a House? - Wall Street JournalRising college costs are causing some parents to consider alternate housing for their students: They're bypassing the dorm and off-campus apartments in favor of buying a condominium or single-family home. In some cases, it might be not a bad idea ...
State report chastises Florida mortgage regulators - Miami HeraldThis Coral Gables home was allegedly involved in a mortgage fraud case. As Florida grapples with the worst home loan fraud crisis in the country, state mortgage industry regulators failed to order federal criminal background checks of mortgage ...
New filing: Maturing note prompted mall owner Ch. 11 - Journal RecordOKLAHOMA CITY – A new filing in the Shepherd Mall bankruptcy case indicates VTA Oklahoma City LLC sought Chapter 11 protection because its major lender would not extend the maturity date of a loan on the Northwest 23rd Street property. The filing ...
220 jobs being lost in closing of Columbus mortgage service center - Ledger-Enquirer– All United States – Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota ...

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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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