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This year marks the 160th anniversary of The Communist Manifesto and capitalism-- aÂ kÂ a "free enterprise"--seems willing to observe the occasion by dropping dead. On Monday night, some pundits were warning that the ATMs might run dry and hinting ...

Bank financing chosen over bond for school - Northern Virginia Daily
FRONT ROYAL â€” The Warren County Board of Supervisors chose another way to fund renovations to the old Warren County High School. The board unanimously voted Tuesday to pursue bank financing instead of a bond from the Virginia Public Schools ...

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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