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GM, Chrysler Likely to Need New UAW Accord on Trusts (Update1) - BloombergOct. 30 (Bloomberg) -- General Motors Corp. and Chrysler LLC probably will need a new agreement with the United Auto Workers for union-run medical trusts before the money-losing automakers can complete a merger, people familiar with the matter said ...
GM-Chrysler Union Funds Said to Be Hurdle in Merger (Update1) - BloombergOct. 29 (Bloomberg) -- Merger talks between General Motors Corp. , the largest U.S. automaker, and Chrysler LLC face a possible hurdle in the union-run trusts created to manage retiree health benefits, people familiar with the matter said. A tie-up ...
Benefits could snag GM deal - Delaware OnlineMerger talks between General Motors Corp., the largest U.S. automaker, and Chrysler LLC face a possible hurdle in the union-run trusts created to manage retiree health benefits, people familiar with the matter said. A tie-up may require GM and ...
Obama Needs a Protest Movement - Common DreamsThe astonishing election of 2008 is over. Whatever else the future holds, the unchallenged domination of American national government by big business and the political right has been broken. Even more amazing, Americans have elected an African ...
Keep bailing . . . - Meganmcardle.theatlantic.comFelix Salmon complains , justly I think, that the bailed out financial firms are using the funds to keep their operations going rather than restructure them: The NYT also, however, has a pointed column from Floyd Norris , who notes the double ...
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