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UPDATE 6-Enel denies bid for Acciona's Endesa stake - Forbes
MADRID/MILAN, Dec 4 (Reuters) - Italian energy group Enel SpA denied a media report it had offered Acciona 12 billion euros ($15 billion) for the Spanish builder's 25 percent stake in Endesa (nyse: ELE - news - people ). 'The report is groundless ...

Mortgage terms difficult to understand in any language - Winchester Star
Winchester — Benjamin Ramos came to the United States 22 years ago from Guadalajara, Mexico, because he wanted to buy a motorcycle. It was a dream the 17-year-old had, and in this country, he could make it come true. Here, he could find more ...

RLPC-UPDATE 1-Ineos asks for waiver on 7.62 bln euro senior loan - Forbes
LONDON, Nov 17 (Reuters) - Ineos Group, the world's third-largest chemical group, said on Monday it had asked its banks for covenant waivers on billions of euros of senior loans until the end of May 2009. Ineos reported earnings before interest, tax ...

Russia govt meets retailers, developers over crisis - Guardian Unlimited
MOSCOW, Oct 15 (Reuters) - Russian retailers and property developers hope to secure government support within the next two weeks, industry sources said on Wednesday, as officials met top players from the crisis-hit industries. Russia's real estate ...

Cattles says banking licence application on track - Guardian Unlimited
* Application for banking licence on track * Trading for the year to date in line with own expectations * 100 million pound debt-raising shelved due to tough markets * Bad debts up in three months to Sept 30 (Adds CEO comment, analyst reaction, share ...

National housing crisis exacting heavy toll in Riverside County - Riverside Press Enterprise
Riverside County remains at the forefront of the national housing crisis with thousands of homeowners in the unenviable position of owing more to the bank than their homes are now worth. Four of the top 20 ZIP codes in the nation with the highest ...

Refinancing wave rides mortgage-rate dive - Modesto Bee
Jennifer Panganiban watched the charts all year, from the January lows through the highs of July. A week ago, she and her husband pounced, locking in a 30-year mortgage at 5.875 percent. They were refinancing their old loan -- and grabbing a moment ...

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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.

    View all Terms
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