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Oil rises in Asian trade - The AgeOil prices rose in Asian trade Friday on fears the conflict between Israel and Hamas in Gaza will further intensify, analysts said. New York's main futures contract, light sweet crude for February delivery, was up 75 US cents to $US42.45 dollars a ...
Bill seeks to protect homebuyers in Va. - Richmond Times-Dispatch-- Two Richmond-area lawmakers are proposing legislation to make it harder for mortgage brokers to cheat buyers. Sen. A. Donald McEachin, D-Henrico, told a news conference yesterday that mortgage brokers in 2006 were originating 45 percent of all ...
Richmond region’s jobless rate among lowest in U.S. - Richmond Times-Dispatch-- The Richmond region has one of the lowest unemployment rates among the country's largest metro areas, but the rate jumped 56 percent in November compared with the same month in 2007. That year-over-year percentage increase is higher than some ...
Is God a Socialist? - Spectator.orgWhen the soon-to-depart Bush administration decided to bail out the auto industry, perhaps it was the answer to prayer. At least that's what the parishioners at Detroit's Greater Grace Temple likely thought. In early December they had held a church ...
Foreclosure crisis hits Virginia - News-VirginianRICHMOND — The number of foreclosures in Virginia more than doubled during the first 11 months of 2008, compared with all of 2007. Data analyzed by the Richmond Times-Dispatch show 27,938 foreclosures statewide in the 2008 period for all property ...
Friday's Events: U.S. Nonfarm Payrolls is the Main Event for the Week - Economicnews(CEP News) - The release of U.S. nonfarm payrolls is the highlight of the week, after which the rest of the day should be rather light on economic news with U.S. wholesale inventories, comments from an FOMC voting member, and some Canadian housing ...
Mechanics Bank touts strength as it accepts Treasury investment - East Bay Business TimesMechanics Bank said late Tuesday that it will take $60 million through the Treasury’s direct-investment program in which the government takes stakes in the nation’s healthy banks. “Our approval for participation is a confirmation of our ...
Call for ethics targets Stumbo - Lexington Herald-LeaderFRANKFORT — Greg Stumbo, Kentucky's new House speaker, has been paid by a variety of businesses with interests before the state legislature, including coal mines, banks and law firms, disclosure forms and securities records show. Now that Stumbo ...
Nationwide freezes rate cut on trackers - This is DorsetMORE than 200,000 borrowers with tracker mortgages from Nationwide, which has its administration centre on Richmond Hill, Bournemouth, will not receive further cuts if the base rate continues to slide. In a bid to retain profits as the economic ...
Surviving a layoff - Dothan EagleRICHMOND - Eight months pregnant, Keisha Snead got word in March that her job would disappear at the end of the day. Like thousands of others in the struggling economy, she was reduced to an uncomfortable status — unemployed. Job losses during the ...
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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