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News about Mortgages:
Heather M. Smith - Star Community NewspapersPrices for everything seem to be going up, but one bright spot has emerged for homeowners. “With the rates at the current levels there have been a big increase in refinancing,” said Edward J Stankunas, a certified mortgage banker with Prime ...
McKinney mortgage scam goes federal - Star Community NewspapersFor the last two years, the alleged victims of Brent Timothy Baird’s mortgage scam have been wondering on the status of his case. The McKinney Police Department filed at least seven theft charges against Baird back in 2006 for committing an ...
This week's Real Estate stories - MarketwatchMany homeowners are considering refinancing these days, now that fixed-rate mortgage rates are at lows not seen for years. The rates may even be pushing some would-be homeowners off the fence -- in some markets, anyway. At Rodney Anderson Lending ...
Signs Show N. Texas Housing Crisis May Be Easing - CBS 11 NewsAs we start the New Year there are signs that the housing crisis may be easing. Some mortgage lenders in North Texas say loan applications are up, people are shopping and more importantly, people are buying. The thought of buying a house or losing ...
John Sharp files paperwork for US Senate seat - KVUEFormer state Comptroller John Sharp, a Democrat, filed the formal paperwork Thursday to run for the U.S. Senate seat now held by Republican Sen. Kay Bailey Hutichison. In a news release, Sharp announced that he had filed his campaign papers with the ...
Housing slump makes modern-day ghost town out of Anna - WFAAANNA - Credit markets are frozen and Americans are tightly gripping their dollars. It has sent pending home sales plunging to a record low in November. But here in North Texas, it's much worse - they are down 36 percent. You can really see the crisis ...
Several developments were brought to fruition - Pahrump Valley TimesThe Home Depot store, a 130,000-square-foot big box store opened Aug. 14 on Highway 160 and Basin Avenue, is the most obvious sign of growth in Pahrump. The project was estimated to create 130 jobs during groundbreaking ceremonies in October 2007 ...
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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