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John Templeton's Plan for Surviving the Great Recession - Seekingalpha.comAlthough only a distracted hermit didn't realize this, it is now official that the US economy is in a recession. Even credit card companies are getting cautious about how high our credit lines are and they anticipate a terrible default rate on credit ...
Uncle Sam needs to go shopping. Not us - SalonWhen confronted with the news that Wal-Mart shoppers were so eager to take advantage of a Black Friday sale that they trampled an employee to death, most people are, quite naturally, appalled. My daughter, for example, was aghast: "What kind of ...
Managing Risk in an Unstable World - Article.nationalreview.comCase in point: the financial system over the past decade. Our current difficulties arose from “the idea,” as Nicole Gelinas describes it in the New York Post , “that any loan, bond or other bank asset could be sliced up and turned into an ...
Site Presented By - SalonWhen confronted with the news that Wal-Mart shoppers were so eager to take advantage of a Black Friday sale that they trampled an employee to death, most people are, quite naturally, appalled. My daughter, for example, was aghast: "What kind of ...
HAKU MO‘OLELO - Maui NewsA few weeks back, a reader apparently disturbed by the collapse of financial markets asked for an explanation of economics. The e-mail was inadvertently deleted, but the request appeared to be misdirected. Economics is a social science that develops ...
Shrinky Dinks co-inventor ready to sell business - Billings GazetteNORTH LAKE, Wis. - In 35 years, a business based on shrinking has expanded to include about 250 products sold in 42 countries around the world. Now Betty Morris, one of the inventors of Shrinky Dinks, is hoping that the value she created with her ...
It's risky to prevent risk in unstable world - Detroit NewsHow can we reduce risk for individuals? That's a natural question when a financial crisis has vaporized trillions of dollars of personal wealth in residential real estate and financial instruments. The problem is, when you try to reduce risk for ...
Bernanke and the risk of deflation - Financial TimesThe Federal Reserve recently acknowledged that the risk of deflation in the US, though still small, has grown. Is policy correctly aligned to confront this risk? Not yet. With Japan as an example, nobody should need reminding that deflation is a ...
SPEND, SPEND, SPEND - This is DorsetSHOPPERS in Dorset and Hampshire have been urged to spend, spend, spend in the run-up to Christmas following the 2.5 per cent cut in VAT. Local retailers hope the tax cut, combined with a host of special offers in the shops, could give them a much ...
US Treasury and the Fed: too close for comfort? - Christian Science MonitorEconomic historians must see the actions of today's Federal Reserve as strange. "Very, very unusual," says Allen Sinai, chief economist of Decision Economics, an economic consulting firm. "Unprecedented … uncharted." The nation's central bank has ...
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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