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Independent HBOS fight 'gaining pace' - ScotsmanTHE fight to save HBOS as an independent bank is still on, one of the two "banking knights" hoping to ride to its rescue told The Scotsman last night. Sir Peter Burt, HBOS's former deputy chairman, said the battle to stop the proposed takeover by ...
Labour trying to undermine rival HBOS bids–Salmond - ScotsmanALEX Salmond increased the pressure on the UK government over the HBOS takeover yesterday, accusing Labour politicians of "leaking and briefing" in an attempt to undermine rivals to the Lloyds TSB bid. He also accused Gordon Brown, the Prime Minister ...
Has the economic crisis tripped up Alex Salmond? - Guardian UnlimitedHas the famously savvy first minister of Scotland finally slipped up? The sudden and dramatic sale of HBOS last week has put Alex Salmond's political and economic reputation under unwelcome scrutiny. First, his much-quoted claim that "spivs and ...
Bankruptcies up ten per cent - Politics.co.ukThere were 27,087 individual insolvencies in England and Wales in the third quarter of 2008, a rise of 9.5 per cent. The figures are a strong indicator the credit crunch is now starting to hit the real economy. Shadow business secretary Alan Duncan ...
I still want to give away £1billion (but charities might have to wait ... - Daily MailThe sun was shining, not only on Sir Tom Hunter but also on the world economy, when the billionaire Scot invited TV cameras into his luxury villa in Cap-Ferrat in the south of France and announced his great philanthropic dream to give £1billion to ...
An Invitation to Our Readers - BusinessWeekEarlier this year, we launched a new and innovative feature on BusinessWeek.com to prominently highlight the insights of our readers. Called In Your Face , it calls attention to the most substantive comments left on our site by our readers. Not only ...
BAA 'hindering airport competition,' says regulator - Turkish Daily NewsBritain's antitrust regulator reported yesterday that BAA's ownership of seven airports, including three major airports serving London, may not serve the interests of passengers or airlines. The preliminary report suggested that the Competition ...
Government subsidy signals smoother ride for FirstGroup - HeraldFirstgroup shares gained yesterday after a difficult few weeks as the company sought to convince investors that any pressure on UK rail revenues would be offset by government subsidies and long-term contracts for its US buses. The Aberdeen-based ...
I still want to give away £1bn: Sir Tom - This is MoneyThe sun was shining, not only on Sir Tom Hunter but also on the world economy, when the billionaire Scot invited TV cameras into his luxury villa in Cap-Ferrat in the south of France and announced his great philanthropic dream to give £1bn to ...
XL chief executive 'devastated' by company's collapse - HeraldVIDEO: Passengers stranded at Glasgow airport The head of the UK's third largest tour operator said today he was "devastated" at the holiday company's collapse. XL Leisure Group chief executive Phil Wyatt said he believed his firm should not have ...
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