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Mortgage applications up 112.1% last week, due to drop in rates: MBA - Marketwatch
CHICAGO (MarketWatch) -- Mortgage applications filed last week rose a seasonally adjusted 112.1%, compared with the week before, as borrowers rushed to lock in lower rates, according to the Mortgage Bankers Association's weekly survey, released on ...

Fitch Rates Baylor University's (TX) Taxable CP Program 'F1+' - Earthtimes
NEW YORK - (Business Wire) Fitch Ratings assigns an 'F1+' rating to Baylor University's (Baylor's, or the university's) $50 million taxable commercial paper (CP) program. Draws under the CP program will be used to finance or refinance various capital ...

Seeking $25 billion in loans, Big Three automakers to send detailed ... - Minneapolis Star Tribune
Governors press for stimulus bill by Inauguration Rep. Lowey not interested in Clinton's Senate seat Autoworker chief pleads for government aid Pelosi: Rangel ethics probe will end by Jan. 3 Dingell hospitalized in Washington WASHINGTON - Detroit's ...

Ford Motor Co. asks Congress for $9B line of credit; says it hopes not ... - Minneapolis Star Tribune
Selling the corporate jets, huh? Well you certainly have now atoned for all of your past discretions (like the Pinto). Here's an F-150 … read more filled with taxpayer money. Just pay it back whenever you can. All of us low to middle income ...

Birmingham Mayor Larry Langford Faces Bribery Charges (Update2) - Bloomberg
Dec. 1 (Bloomberg) -- Birmingham, Alabama’s mayor was charged with bribery and money laundering in connection with municipal bond and derivative deals while he was president of the Jefferson County Commission, according to an indictment unsealed ...

Foreclosure: Nevadans hit hard in national crisis - Reno Gazette
Shelly Griese hates to move. But in the last four months, the 47-year-old Reno resident found herself doing exactly that. Twice. Packing boxes on a clear November afternoon, a tired and dejected Griese expressed disbelief on how quickly her life has ...

Sponsored by: - Reno Gazette
As of Nov. 4, bank-owned properties and short sales comprised 45 percent of the Reno-Sparks market, said CalNeva Realty owner Mitch Argon, who regularly publishes a report on local foreclosure inventory on his Web site FreeNevadaMove.com. Bank-owned ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

With markets in turmoil, how to buy gold bars - Globe and Mail
As the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. With the market in turmoil, I may buy some gold ...

McCain's Mortgage Plan Calls for Lowering Rates for Homeowners - Bloomberg
Oct. 10 (Bloomberg) -- Republican John McCain 's plan to refinance distressed home loans includes cutting mortgage rates to just above 5 percent for troubled borrowers, an adviser said. ``We certainly want to get the rates down,'' McCain senior ...

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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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