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A Hanging Offense - Wall Street Journal
Yesterday we noted a story about liberals, prompted by the election of Barack Obama, making sudden shows of patriotism after shunning such displays for the past eight years. We wondered if the same thing had happened on the other side--that is, if ...

Exelon faces investor skepticism in $6.2B NRG Energy bid - Crain's Chicago Business
(Crain’s) — Exelon Corp. CEO John Rowe never seems to take the easy route to get a deal done. He’s undertaking a potentially hostile acquisition of Princeton, N.J.-based power generator NRG Energy Inc. An overture by Exelon late last month was ...

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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.

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