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News about Mortgages:
Massport moves aimed at helping airlines trim expenses - Boston GlobeAirlines operating at Logan International Airport are expected to save a collective $17 million to $18 million over the next nine months as the Massachusetts Port Authority, which runs Logan, tries to hold onto carriers burdened by high fuel bills ...
The $7 million text message - Chicago Sun-TimesIt was a quick text message that came in the middle of a "horrible'' day at work for Jeffrey Weinstein, a business analyst from Logan Square. But it wasn't anything pressing from his boss or his family. It was Timberland, the shoe company, offering a ...
ANALYSIS-US mortage bailout faces tough deadline to end crisis - ForbesNEW YORK/LONDON, Sept 8 (Reuters) - The U.S. government bailout of Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ) has the potential to break the vicious circle prolonging the year-old global credit crunch, but ...

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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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