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Mall’s owners may face bankruptcy - Lake Wales NewsGeneral Growth Properties Inc., owners of the Eagle Ridge Mall in Lake Wales, saw its stock plummet this week after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 ...
FOCUS: Turkey's Central Bank Cuts Rates In Bold, Risky Move - FXStreet.comTurkey's central bank cut interest rates late Wednesday in a bold move given growing risks of capital flight and a currency crunch. The central bank cut its core overnight borrowing rate by half a percentage point to 16.25%, while taking its ...
Bankruptcies and company failures show sharp rises - Times OnlineThe deteriorating economy has contributed to a sharp rise in the number of people struggling with debt, according to figures released yesterday. The Ministry of Justice (MoJ) reported there were 13,653 bankruptcy petitions in courts in England and ...
Bankruptcies rise 9.5% as credit crunch hits economy - In the NewsThe third quarter of 2008 saw 27,087 individual insolvencies in England and Wales. This represents a rise of 8.8 per cent on the previous quarter and is 4.6 per cent up on a year ago, according to data from the Insolvency Service. A total of 4,001 ...
Recession watch - Guardian UnlimitedOne of the leading names in Britain's pottery industry, Royal Worcester & Spode, has gone into administration. PricewaterhouseCoopers said it was seeking a buyer for the company which employs 388 people in the UK. Joint administrator and PwC partner ...
Company liquidations rise by a quarter, and more individuals declared ... - Guardian UnlimitedThe number of companies going bust is expected to soar in the coming months after official figures showed corporate insolvencies had increased dramatically to their highest point for five years. Company liquidations jumped by a quarter in the past ...
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 ...
Text-only Version - 24 Hour MuseumTo mark the 90th anniversary of the end of World War One, people's memories of the conflict will be brought to life during National Storytelling Week at Dewsbury Museum On Sunday January 27, a First World War soldier played by professional actor Ben ...
Financial Experts Field Public's Queries During Online Chat - The LedgerEvery time a big, red, downward-facing arrow appears next to the word "Dow" on TV, it's natural to think, "Should I be doing something different?" When your bank needs a bailout, it only makes sense you'd contemplate jumping ship. To field your ...
Small investors furious at £37bn bank plan - Times OnlineThe army of small investors who own shares in Britain's banks were up in arms yesterday, accusing the Government of adopting bullying tactics and allowing political manouevering to get in the way of sound commerce. Roger Lawson, a director of the UK ...
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