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Investors boost stocks after mortgage deal - San Francisco Gate
Tuesday, September 9, 2008 Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur after the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow ...

Wall Street's bloody Sunday - Guardian Unlimited
Has Wall Street ever seen a weekend like the one it has just been through? Perhaps, in the depths of the great depression - but nothing in recent memory, not even the collapse of the hedge fund LTCM 10 years ago, comes close to the drama and crisis ...

U.S. Stature Diminished by Crisis, Former Finance Officials Say - Bloomberg
Sept. 9 (Bloomberg) -- The U.S.'s stature in global financial markets has diminished because of the housing market collapse and ensuing government intervention and American policy makers need to adopt a softer tone with the rest of the world, former ...

Mortgage giants' bailout holds hope for buyers - Courier-Journal
Homebuyers are among the likely short-term beneficiaries of the government's bailout of Fannie Mae and Freddie Mac, Louisville-area bankers and mortgage brokers said yesterday. The average interest rate for a 30-year fixed-rate mortgage dropped 0.3 ...

Dow registers 7th-biggest gain of year - Chicago Tribune
Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the U.S. government's bailout of mortgage giants Fannie Mae and Freddie Mac . The Dow Jones industrials gained ...

Mortgage Takeover Boosts Wall Street - CBS News
(CBS/ AP) Stocks mostly advanced Monday as investors rushed to lay bets on a recovery in the financial and housing sectors following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac . The ...

Stocks rally on plan for mortgage giants - Chicago Sun-Times
NEW YORK ---- Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones ...

Bailout's fallout could be plus - Memphis Commercial Appeal
While the federal takeover of giant mortgage financiers Freddie Mac and Fannie Mae won't directly affect area banks, the fallout could be positive, bankers said Monday. Their comments came as Washington put the two government-sponsored enterprises ...

Shares soar on U.S. mortgage takeover - CNN
LONDON, England (AP) -- U.S. stocks mostly advanced Monday as investors putdown bets that a recovery in the financial and housing sectors is in the offing following the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac ...

Stocks soar as recovery seen following bailout of mortgage giants - Seattle Times
NEW YORK — Stocks rallied today as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the U.S. government's move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones ...

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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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