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Credit card companies quick to raise rates, fees - Atlanta Journal ConstitutionGreg Fischer was already fed up with Bank of America for doubling his credit card’s interest rate to 28.99 percent — the price for being a couple of weeks late with a payment in April. What sent him over the top, he said, was the bank’s ...
Delta, Northwest airlines post traffic declines - Milwaukee Journal SentinelDec. 4, 2008 2:50 p.m. | Delta Air Lines Inc. today reported November traffic declines for both its Delta and Northwest Airlines units. For the Delta operations, revenue passenger miles in the United States dropped 10.5% compared to November 2007 ...
Home sales report shows drop in area - Index-JournalHome sales have had a significant decline in the Greenwood area over the past year. A monthly report released by the South Carolina Association of Realtors shows the Greenwood area, which includes Greenwood, Abbeville and McCormick counties, had a 35 ...
Sarasota man charged in Manatee armed robbery - Herald TribuneMANATEE COUNTY – A Sarasota man was charged in connection with an October armed robbery of two people who were held up at gunpoint while in their vehicle at a stop sign in South Manatee. Allan Tolbert, 29, was arrested on a charge of armed robbery ...
Sarasota man arrested in October armed robbery in Manatee - Herald TribuneMANATEE COUNTY – A Sarasota man was charged in connection with an October armed robbery of two people who were held up at gunpoint while in their vehicle at a stop sign in South Manatee. Allan Tolbert, 29, was arrested on a charge of armed robbery ...
The Gordian Knot of the Big Three Automakers - The Epoch TimesLast week’s hearings before the United States Congress did not address the real issues facing GM, Ford and Chrysler. There’s no question that bankruptcy in the auto industry would exact a heavy toll on the fragile U.S. economy. The Big Three must ...
Detroit auto mess turns toxic - Detroit NewsShort of the subprime mortgage racket, perhaps nothing is more toxic right now than the Detroit car business. The begging for taxpayer cash in Washington, led by General Motors Corp., is in overdrive. The equity values of GM and Ford Motor Co. are ...
Washington bankruptcy filings rise 40% - Seattle TimesIndividuals and businesses who can't pay their bills anymore and can't sell off assets to pay their debts typically seek protection from creditors in bankruptcy court. The court can give them a fresh start by releasing them from personal liability ...
As the economy sinks, pawnshops get busy - Atlanta Journal ConstitutionJenna Feistkorn relinquished a working laptop for just $40. The exchange at an Alpharetta pawnshop left her frustrated, but not ashamed. She needs the computer to look for a job. But it will remain off-limits until next week, when her father gets ...
Obama’s first crisis: the economy - Atlanta Journal ConstitutionWASHINGTON — President-elect Barack Obama’s pre-inaugural “honeymoon” could turn into a major headache. Unlike those preceding him in office, Obama is being forced into swift action on the economy with a financial crisis and the specter of ...

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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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