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Countrywide Financial deal gives relief to Florida homeowners - Miami HeraldCountrywide Financial will compensate Florida homeowners with up to $1 billion in mortgage relief under a settlement reached with the state's attorney general over alleged abusive lending practices. The relief will include loan modifications for an ...
More states likely to help at-risk homeowners - Columbus DispatchOhio and eight other states have established programs to help homeowners refinance loans they couldn't afford or take out emergency loans to get them through a difficult financial time. More states might soon offer home loan refinancing programs ...
Deal to help 21,000 in state keep homes - Chicago TribuneIllinois, California and at least six other states have reached an $8.8 billion settlement of their lawsuits against Countrywide Financial , the biggest subprime mortgage lender, in a deal that should help some 21,000 Illinois residents keep their ...
Mortgage help has shifted from Ohio to coastal cities, Sunbelt - Columbus DispatchIf the $700 billion mortgage-lender bailout leaves you shaking your head, wondering when struggling homeowners will get theirs, consider this: Homeowners got some help more than a year ago. It was far less dramatic than today's proposal, and a ...
Countrywide Agrees to $3.5B Mortgage Sttlement in California - KESQ NewsCalabasas-based mortgage lender Countrywide has reached a settlement with 11 states designed to provide up to $8.68 billion in relief to borrowers, including $3.5 billion to Californians, Attorney General Jerry Brown announced Monday. "With this ...
Crunch coming to the county? - Seneca County Advertiser-TribuneThe Seneca County commissioners have been urged by their bond counsel to get in line soon to refinance the county's bonds. The nation's financial crisis may be negatively impacting the bond market. County Administrator Stacy Wilson told the ...
Feds to let elderly woman return home - United Press InternationalAKRON, Ohio, Oct. 4 (UPI) -- U.S. housing officials say they are forgiving the mortgage of a 90-year-old Ohio woman who shot herself as she was about to be evicted. Addie Polk of Akron remained hospitalized but was expected to recover from the chest ...
90-Year-Old Woman Forgiven of Loan Debt After Suicide Attempt - KYKR(UPI) - Housing officials say they are forgiving the mortgage of a 90-year-old Ohio woman who shot herself as she was about to be evicted. Addie Polk of Akron remained hospitalized but was expected to recover from the chest wound she gave herself ...
Obama: Aim for fundamental change - Detroit Free PressQUESTION: The John McCain campaign has decided to pull its staff out of Michigan and concentrate on Ohio and some other states where they think it will be more valuable. ... Your reaction to that? Is it a surprise, and will we be seeing less of you ...
General Growth's Slump Shows Debt Risk for U.S. REITs (Update3) - BloombergOct. 3 (Bloomberg) -- General Growth Properties Inc. lost more than 82 percent of its market value in the past year as investors punished the mall owner for the loans it has coming due. There may be more around the corner for other landlords. Maguire ...

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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 |