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Street of risk and loss - San Diego Union-TribuneIt produced easy money for specula-tors and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. Few streets in the county have witnessed as dramatic a turnaround as Little Lake. Nestled in the heart ...
People of modest means hitched hopes on Little Lake Street - San Diego Union-TribuneIt produced easy money for speculators and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. NELVIN C. CEPEDA / Union-Tribune A "repo" bus tour through Otay Ranch stopped recently on Little Lake ...
Voices of the Evacuated - Santa Barbara Independentdel.icio.us. Trace Robinson's home at 356 East Mountain Drive was still standing as of this morning, but many Mountain Drive homes burned to the ground. Trace Robinson and her family lived at 356 East Mountain Drive, next to the Tea Gardens, where ...
Feds Urge Lenders To Refinance - CBS NewsThe federal government has started a program to encourage mortgage lenders to refinance high-interest subprime loans rather than foreclosing. Wyatt Andrews reports. Flash Player is required to view video on CBSNews.com Windows Media Player is ...
Stocks rise in U.S. despite weak GDP figures - International Herald TribunePARIS : Stocks rose in the United States following a robust rally in Asia as several central banks joined the Federal Reserve in lowering their official interest rates. The Dow Jones index climbed 0.7 percent and the Nasdaq was up 0.6 percent. The S ...
Wall Street rises after report on economy - International Herald TribuneStocks on Wall Street were higher Thursday, swinging across a wide range as investors weighed a painful report on the nation's economy against signs that the flow of credit had been restored. The Dow Jones industrial average was about 180 points ...
Remarks by the President at Signing of H.R. 3648 - ChristianNewsWireTHE PRESIDENT: Thank you all for coming. Welcome to the White House. I'm pleased to sign a bill that will help homeowners who are struggling with rising mortgage payments. The Mortgage Forgiveness Debt Relief Act of 2007 will protect families from ...
Valhi Reports Third Quarter 2008 Results - EarthtimesAuthor : Valhi, Inc. DALLAS , Nov. 5 /PRNewswire-FirstCall/ -- Valhi, Inc. (NYSE: VHI) reported a net loss of $23.2 million , or $.20 per diluted share, in the third quarter of 2008 as compared to a net loss of $52.7 million , or $.46 per diluted ...
Valhi Reports 2007 Results - PR NewswireDALLAS, March 13 /PRNewswire-FirstCall/ -- Valhi, Inc. NYSE: VHI reported a net loss of $14.2 million, or $.12 per diluted share, in the fourth quarter of 2007 as compared to net income of $80.5 million, or $.68 per diluted share, in the fourth ...
Bank of China sniffs HBOS - bbcBank of China , the giant Chinese bank, is the mystery bank that Jim Spowart and European American Capital hope will make an offer for HBOS to stymie the takeover bid from Lloyds TSB. It would be quite an event were it to happen. If Bank of China ...
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