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New York Times Cuts Dividend by 74% - Street.Com
NEW YORK -- A Deutsche Bank North America analyst cut New York Times' ( NYT Quote - Cramer on NYT - Stock Picks ) price target Friday after the newspaper publisher slashed its quarterly dividend by 74%. Late Thursday the publisher of the the Boston ...

FACTBOX-Steel makers join hunt for Russian state funds - FXStreet.com
Nov 18 (Reuters) - Russian steel makers Severstal, TMK and Evraz Group are in talks to secure loans from state-controlled banks to help refinance debt incurred to fund expansions in North America this year. To see stories, please double-click on and ...

UPDATE 3-Severstal cuts earnings forecast, defers capex - FXStreet.com
MOSCOW, Nov 18 (Reuters) - Severstal, Russia's largest steel maker, cut its 2008 core earnings forecast on Tuesday and said it would defer the majority of its $8 billion 2009-2011 investment programme as market conditions worsened. It cut the 2008 ...

BPI Energy Signs Carbon Credit Marketing Agreement With Blue Source - StreetInsider.com
CLEVELAND--(BUSINESS WIRE)-- BPI Energy Holdings, Inc. (NYSE Alternext US: BPG ), an independent energy company engaged in the exploration, production and commercial sale of coalbed methane (CBM) in the Illinois Basin, today announced that it has ...

Magna Entertainment Corp. Announces Extension of Senior Secured ... - StreetInsider.com
AURORA, ON, Nov. 17 /PRNewswire-FirstCall/ - Magna Entertainment Corp. ("MEC" or the "Company") (NASDAQ: MECA; TSX: MEC.A ) today announced that it has extended the maturity date of its $40 million senior secured revolving credit facility (the ...

The Next Subprime Crisis Looms - Der Spiegel
Joseph McCloskey, a former director of FHA's single-family asset management branch, says workers reviewing lender applications have had difficulty for years tracking whether executives of previously disciplined mortgage firms were applying for new ...

News briefs: County wants land for dredging project - Herald Tribune
The county wants to acquire an easement from Bradenton Tropical Palms, a mobile park on 14th Street West. It says the land is appraised at $360,300 but that it has been unable to settle on a price with the park. The U.S. Army Corps of Engineers ...

Huntley acts to secure longtime resident's home - Courier News
HUNTLEY -- An ordinance unanimously approved by the village board recently will keep longtime resident Mary Ellen Moerke from being forced to leave her home. "I don't like having a threat hanging over my head," Moerke said. "I get to stay there until ...

Arlington council signs off on preliminary deal to let Cowboys build ... - Fort Worth Star-Telegram
ARLINGTON — The City Council signed off on a preliminary agreement that would allow the Dallas Cowboys to build a 1,500-space parking lot in a neighborhood west of the football stadium. Over the past few years, the team has bought land from ...

City council quickly OKs budget, park plan funds - Antigo Daily Journal
The Antigo Common Council roared through its agenda Wednesday, quickly wrapping up work on a 2009 budget and a $3.4 million levy and advancing plans for improvements to the city’s newest playground and park. Mayor Sam Hardin presided, assisted by ...

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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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