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2.5m Norfolk drugs family jailed - Evening News NorwichA family who were behind one of the biggest money laundering operations ever uncovered by Norfolk police have been jailed for their part in a £2.5m drugs empire. The six had all been at the centre of a massive drugs operation growing cannabis at two ...
Big 3 Auto Bailout - Chicago TribuneThe economic turmoil of 2008 has left few bright spots, but here's one: Mortgage rates have plummeted. Rates on 30-year, fixed loans are hovering around 5 percent - the lowest level since Freddie Mac began tracking rates in 1971. Some economists ...
First National completes merger - Daily Local NewsNo comments posted. A stock trader gestures at the trade floor at the Duesseldorf stock exchange, western Germany, Thursday April 27,2000. The european currency Euro hits a new all-time low since its launch last year. The head of the European Central ...
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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