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Financial News
Stalled condo project could get new financial backer, more units - New London Day
New London - City Gateway Commons, the city's most ambitious residential development, may be poised for a revival after a summer that saw work cease and numerous contractors file liens on the property. Anthony Silvestri, the project's developer, has ...

Dow finishes below 10,000 for first time since '04 - ksl.com
Talk about LOL. If you think that the Democrats did not have anything to do with creating the economic problems facing this nation then you need to stop letting the media do you thinking for you. I am not saying that the Republicans did not have any ...

CREDIT WOES HIT MAIN STREET VICTIMS AS WELL - New York Post
If you think the credit crunch is Wall Street's problem, think again. Countless business owners, college students and homeowners across the country are being hurt by the lack of credit. Some businesses are being forced to lay off large numbers of ...

Credit doors are closing - International Herald Tribune
A crucial source of financing for companies and banks is making some ominous grinding sounds. The market for commercial paper, which is high-quality, short-term debt, shrank by a record $95 billion last week, to $1.6 trillion, according to the U.S ...

BAE split could do the trick in US - Times Online
THERE’s nothing as defensive as defence. This is particularly true in America, where the giants of the industry float serenely above the stock-market turmoil. Lockheed Martin shares have outperformed the S&P Composite Index, a measure of the wider ...

GE Defends Health as Credit Risk Widens, Shares Fall (Update2) - Bloomberg
Oct. 1 (Bloomberg) -- General Electric Co. said it has been able to sell corporate paper and fund operations without tapping bank lines, seeking to quash speculation that led to a surge in its credit default swaps and a slump in the stock. ``We see ...

Financial crisis: What you should know - MSNBC
The financial crisis gripping the country had already created widespread confusion about what these problems might mean for ordinary Americans, and that was before a week of political bickering over a massive financial rescue package for Wall Street ...

Financial advisers provide answers to your crisis questions - Detroit Free Press
The Free Press hosted a live chat today with three experts on the pending $700-billion bailout and the continuing real estate crisis is Michigan. Our live experts were: • Dianne Reichel, group manager for GreenPath Debt Solutions. • Jack Riashi ...

Recap our live chat with financial advisors on the bailout, real ... - Detroit Free Press
Patrick Anderson, economist and principal Anderson Consulting Group. We’ll pose your questions to our panel, and list the answers below. Refresh this page regularly to see the most up-to-date answers. Question: I’m wanting to know what my wife ...

If the Bailout Doesn't Pass . . . $700 Billion Is Nothing Compared ... - Washington Post
What if, after the House vote today, Americans learn that 3,000 banks will fail? That's what happened during the last U.S. financial crisis -- and today's credit crisis is much greater than the thrift and banking debacle of the late 1980s and early ...

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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
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