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Dallas area feeling pain of ailing economy - Dallas Morning NewsThe credit crisis has hit Texas. T. Boone Pickens is having trouble financing the world's largest wind farm in West Texas. Jerry Jones may need a quick loan to keep the new Cowboys stadium on track. Retail stores are closing all over town; some are ...
Local mall operator says it's at risk for default - Boston GlobeThe mall operator whose portfolio includes such local shopping centers as Natick Collection (above), Faneuil Hall Marketplace , and Providence Place warned that it faces solvency trouble. Shares of General Growth Properties Inc. fell yesterday after ...
Auto industry troubles leave UAW workers and suppliers struggling and ... - Cleveland Plain DealerJoshua Gunter/The Plain Dealer Auto workers and employees of suppliers to the car manufacturers are fearful that their jobs could disappear in the current economic climate in which car sales in the U.S. have declined from 16 million-plus per year ...
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