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Consumers cut back sharply on spending - Brownsville HeraldWASHINGTON (AP) - Consumers, taking a beating from the worst financial crisis in seven decades, cut back sharply on their spending in October, pushing retail sales down by a record amount. As President George W. Bush and other world leaders gathered ...
Federal pilot program aimed at financial literacy - Mississippi PressST. LOUIS (AP) — The U.S. Department of the Treasury has launched a program in St. Louis and seven other regions of the country to better connect people who don't bank much with financial services. Called the Community Financial Access Pilot, it ...
The Seminole Hard Rock hosts a convention for Amazon women and the ... - Miami New TimesLocal rappers know the road to stardom is through the champagne room. Two months ago, Cassy (not her real name) was homeless, out in the rain with her four kids. Now she has a three-bedroom, two-bathroom, sky-blue house on a tree-lined street in ...
Ex-con says having Obama in office will help curb street violence - Providence JournalPROVIDENCE — Election Day was an emotional day for Sal Monteiro Jr., a former inmate at the Adult Correctional Institutions, in Cranston. Monteiro, who spent 12 years in prison for his role in a Pawtucket murder, strolled into the Martin Luther ...
Mortgages plunge by 50% in some Brooklyn minority communities - New York Daily NewsHouses for sale along Dean Street in Brownsville. Josh Zinner of the Neighborhood Economic Development Advocacy project said lenders are redlining some neighborhoods. When it comes to real estate, Brooklyn is a tale of two boroughs. The number of ...
For Florida House District 113 - Miami HeraldI ncumbent Carlos Lopez-Cantera, a Republican, is challenged by Democrat Javier A. Betancourt. Mr. Lopez-Cantera, 34, a business consultant, has served two terms. Mr. Betancourt, 31, is an urban planner for the city of Coral Gables. He is bright and ...
Cheaper gas doesn't mean anyone's spending freely - Brownsville HeraldHOUSTON (AP) - It's almost like a surprise stimulus check: Gas prices have fallen so fast that the nation has found itself with an extra $125 billion to spend. But don't expect the freed-up cash to pump much life into the economy. Filling up for less ...
Warped facts in last presidential debate - Brownsville HeraldWASHINGTON - Facts went astray on tax cuts, negative campaign advertising and oil exports when Democrat Barack Obama and Republican John McCain engaged Wednesday in their third and final presidential debate. Some examples: OBAMA: "Every dollar that I ...
U.S. Attorney DeGabrielle announces resignation - Houston ChronicleU.S. Attorney Donald J. DeGabrielle, a former FBI agent and an assistant U.S. attorney for 20 years, was appointed by President George W. Bush. Houston-based U.S. Attorney Don DeGabrielle announced this morning that he is resigning. DeGabrielle, a ...
Homeowner admits to arson - Fort Wayne Journal GazetteA 36-year-old Fort Wayne man admitted Tuesday to setting his foreclosed home on fire. Kevin J. Griffin, of the 500 block of Dayton Avenue, pleaded guilty to arson, a Class B felony. As part of a plea agreement with prosecutors, he faces up to six ...
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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