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News about Mortgages:
Obama invites 'Everyday Americans' to join Whistle Stop Tour to DC for ... - Minneapolis Star TribuneWASHINGTON - President-elect Barack Obama has invited a group of "everyday Americans" to join him and Vice President-elect Joe Biden on their Whistle Stop Tour to the nation's capital on the Saturday before Inauguration Day. Obama's presidential ...
Ex-loan officer gets prison term in mortgage fraud - Springfield News SunDAYTON — A former mortgage loan officer for three companies in the Dayton area was sentenced to 20 months in federal prison and ordered to pay $171,211 in restitution to the Internal Revenue Service for his role in a mortgage fraud scheme. Timothy ...
Daily Record Business Writer - Maryland Daily RecordAfter a flurry of mortgage-related legislation last session, the financial sector looks as if it is taking a wait-and-see approach this year. Although there have been rumblings about some housing bills on the state level, the changing of the guard in ...
Programs to help the needy get more money from government - Daily GazetteCAPITAL REGION — A federal funding increase for Capital Region emergency food and shelter programs stems from rising unemployment rates here, according to an administrator for the Emergency Food and Shelter National Board Program. Created in 1983 ...
Tennessee housing professionals call on Congress - MSN MoneyCentralLocal businessman Phil Chamberlain, owner of Chamberlain & McCreery Inc., joined others in the Tennessee housing industry Thursday in calling on Congress to address the housing crisis that is at the root of the nation’s recession. He joined James ...
Ex-Boeing worker gets 10 months for Chinook damage - Buffalo NewsA former Boeing employee who vandalized a $24 million military helicopter during his last shift on a suburban Philadelphia assembly line has been sentenced to five months in prison and five months of home confinement. Matthew Montgomery of Trevose ...
Pas seeks school board applicants - Mississippi PressPASCAGOULA The Pascagoula City Council voted Tuesday night to accept applications for a school board seat that expires in March. The current member occupying that seat, board President Mike Concannon, said he will submit his name to the council for ...
State to offer mortgage help to Morristown workers - Bridgeton NewsPeople who work in Morristown now may get a shot at living here, too, under a state program that will be announced on Wednesday. The Live Where You Work Program will offer low-interest mortgages and help with down payments and closing costs to low ...
PhillyDeals: PhillyDeals: Suburban office space in crunch this time - Philiy.comLast time the real estate market hit a wall, in the early 1990s, the slowdown lingered in Center City Philadelphia longer than elsewhere. Office space was stagnant at about 34 million square feet from 1991 to 2006, because the slowdown coincided with ...
Tennessee Housing Leaders Call on Congress to Help Main Street - Businesswire.comNASHVILLE, Tenn.--( BUSINESS WIRE )--The Tennessee housing industry called on Congress today to address the housing crisis that is at the root of the nation’s recession. James Carbine, co-founder of Carbine & Associates, and his colleague, John ...
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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