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Commercial real estate - Washington Business Journal
With no tenants and no equity partner, PN Hoffman has halted construction at the First Congregational Church site at 10 and G streets NW. If real estate has always been about “location, location, location,” 2009 may be the year that commercial ...

Metro-Area Foreclosure Sales Tripled in First 10 Months of 2008 - Bloomberg
Jan. 6 (Bloomberg) -- Foreclosure sales in the 25 largest U.S. metropolitan areas almost tripled in the first 10 months of last year as rising unemployment and falling home values made it tougher for homeowners to sell or refinance their mortgages ...

Free Credit Repair Guide Offers Hope for Homeowners - Market Wire
LOS ANGELES, CA--(Marketwire - January 6, 2009) - With the current state of the economy it's becoming increasingly difficult to qualify for a loan -- even if you have perfect credit. Daniel Rosen (a.k.a. "The Credit Doctor") is a consumer advocate ...

American Apparel Names Adrian Kowalewski Chief Financial Officer - PR Inside
American Apparel, Inc. (NYSE Alternext US: APP) today announced that Adrian Kowalewski has been appointed Executive Vice President and Chief Financial Officer, effective immediately. Mr. Kowalewski, 31, joined American Apparel in 2006 and has served ...

Read More: Commercial Real Estate , Commercial Vacancy , Vacancy Rates ... - Huffingtonpost.com
Vacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders. With job cuts rampant and ...

U.S. commercial property in a downward spiral - International Herald Tribune
NEW YORK : Vacancy rates in office buildings exceed 10 percent in virtually every major city across the United States and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for the beleaguered financial ...

Fitch Rates City of Long Beach Implied Sewer Revs 'AA-'; Stable ... - Earthtimes
AUSTIN, Texas - (Business Wire) Fitch Ratings assigns an 'AA-' implied rating to the City of Long Beach's sewer revenue bonds. The revenue bond lien, of which there are no bonds outstanding at this time and none anticipated until 2013, is structured ...

New conforming loan limits and other sources of borrower confusion - Los Angeles Times Blogs
Just what the conforming loan limit is on single-family homes and condos in Southern California -- it was raised last year to $729,750 in designated high-cost areas under the Economic Stimulus Act of 2008 -- has been a continued source of confusion ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. One of the world’s best-known makers of fine crystal and ceramics, Waterford Wedgwood PLC, has succumbed to the credit crunch. Having ...

The Daily Thread: Waterford Wedgwood Collapses, Madoff Victims Sell ... - Wall Street Journal
The Daily Thread rounds up the major fashion news of the morning. Alfred Shaheen, creator of Hawaiian shirts such as the one Elvis Presley wore in “Blue Hawaii,” has died. (Credit: Getty Images) One of the world’s best-known makers of fine ...

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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.
  • Sellers 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
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