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News about Mortgages:
JPMorgan, Facing Federal Probe, Exits Municipal Swaps (Update3) - BloombergSept. 4 (Bloomberg) -- JPMorgan Chase & Co. will stop selling interest-rate swaps to government borrowers in the $2.6 trillion U.S. municipal bond market roiled by an antitrust probe and the near bankruptcy of Alabama's most-populous county. At least ...
JPMorgan, Facing Federal Probe, Exits Muni Interest-Rate Swaps - BloombergSept. 4 (Bloomberg) -- JPMorgan Chase & Co. will stop selling interest-rate swaps to government borrowers in the $2.6 trillion U.S. municipal bond market, which has been roiled by an antitrust probe and the near bankruptcy of Alabama's most- populous ...
Baytown woman sues lenders, says she was a victim of predatory lending ... - Houston ChronicleNanette Lewis is suing two mortgage companies for alleged predatory loan practices when she refinanced her home. The state attorney general sued five companies claiming unfair, discriminatory and deceptive practices including targeting black and ...
Thompson defends Palin - Knoxville News SentinelST. PAUL, Minn. - President Bush led a convention chorus of praise for John McCain Tuesday night, hailing him as "ready to lead this nation" and a courageous candidate who risked his White House ambitions to support an unpopular Iraq war.
Money and Monetary Policy - Baltimore SunI was going to refinance my loan on my house. The day I was going to sign the closing papers, I asked again what the loan amount and monthly payment would be. It was higher than what I was told originally, so I canceled the refinance. My appraisal ...
White House plan offers little foreclosure relief - MSNBCThe Hope Now hotline is staffed 24 hours a day, 7 days a week for homeowners who are having trouble keeping up with mortgage payments. The free service helps borrowers contact lenders to try to work out a payment plan or modify their loan. While ...
Bush Stands By Petraeus; New Showdowns With Hill Loom - US News and World ReportIn remarks at the White House yesterday morning, President Bush said he would give Gen. David Petraeus "all the time he needs" in Iraq before proceeding with further reductions in US troop levels. Bush also said, as the CBS Evening News reported ...
Bush prods Congress before Europe trip - MSNBCPresident George W. Bush urges Congress to move on his legislative agenda as he and first lady Laura Bush, left, prepare to depart the White House for Europe, Monday. WASHINGTON - On his way out of the country, President Bush stopped long enough ...
Faces Of Foreclosure - San Francisco GateBut this year, as the real estate market slumped, housing prices sagged and - most important - massive numbers of adjustable-rate mortgages reset to exorbitant rates, foreclosures became commonplace, their numbers soaring every quarter. California, a ...
Billionaires Up, America Down - Common DreamsWhen it comes to producing billionaires, America is doing great. Until 2005, multimillionaires could still make the Forbes list of the 400 richest Americans. In 2006, the Forbes 400 went billionaires only. This year, you'd need a Forbes 482 to fit ...

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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.
View all Terms |