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Paulson Debates Second Infusion - Wall Street JournalWASHINGTON -- U.S. Treasury Secretary Henry Paulson is debating whether to ask Congress for the second installment of the $700 billion bailout package, concerned about competing demands for the funds and a potentially hostile reaction from lawmakers ...
Developers suggest turning Sheffield into arts center - East BayNEWPORT — A developer with eyes on the vacant Sheffield School is asking residents for their input on a proposal to convert the former elementary school into a community hub for artists, musicians and local non-profits. The concept is ...
Dealing with an economic crisis - Observer-ReporterATHENS, Ga. - While Georgia practices just beyond the walls of his office, Alan Thomas toils over his own game plan. He's no Mark Richt, but this administrator's work from behind a desk is just as important to the Bulldogs' success as a strong-armed ...
An economy on the edge - Detroit Free PressWe're really going to have to wait and see how well this works. And we're going to have to get more details and insight, something lacking on Tuesday. Do we have a credit freeze? Yes. Will these new blowtorches melt the ice? We'll see. The Republican ...
Legg Mason To Offer Added Support For Funds With SIV Assets - Beurs.nlLegg Mason Inc. (LM) said it will provide added support for four more money-market funds with assets still in structured investment vehicles, the asset-management firm's latest step in trying to stabilize its cash funds and shield investors from ...
Up Next - CBS NewsTHE CHEATERS - 60 MINUTES and The Washington Post reveal how online poker players suspecting cheating were forced to successfully ferret out the cheaters themselves. That's because managers of the mostly-unregulated $18 billion Internet gambling ...
November 2008 - Posts - MSNBC FirstreadThe Obama team has put out a statement condemning today's coordinated terror attacks in Mumbai, India. Here's the text: "President-Elect Obama strongly condemns today's terrorist attacks in Mumbai, and his thoughts and prayers are with the victims ...
How the economy is affecting college athletic departments - CNN Sports IllustratedIn an effort to cut costs, newspapers across the country have merged their sports and business sections, but even the most miserly publisher couldn't have predicted how the worlds of college sports and business would collide in Tuesday's edition of ...
BBB announces Gold Star award recipients - Anderson Independent-MailSeveral companies from Anderson and Pickens Counties received the Better Business Bureau Gold Star award in October. From Anderson County, Lee & Sims Well Drilling Inc. of Belton; Chapman's Landscaping of Pelzer; and Genesis Press Inc., Marquis ...
TAKING NO CREDIT - New York PostBehind Wall Street's panicked sell-off yesterday are deep-seated fears that mortgage-battered banks will become even more reluctant to lend without a government plan in place. "We're going uphill and the fuel in the car is running out," said Joseph ...
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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