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Climate is suffocating and not just for Xstrata - Times Online
General Electric is a symbol of American business to the world, Warren Buffett declared yesterday as it was announced that he would put $3 billion into the company as part of a $15 billion fundraising. It is that symbolism that makes the news so ...

Uncle Sam: Not Too Big To Fail - Forbes
The Wall Street of my youth is a fond memory. I remember visiting Lehman Brothers (nyse: LEH - news - people ) at the company's town house on William Street. A handful of partners operated as investment bankers in a very quiet setting. Morris ...

If You Want Warren Buffett, First Call Goldman Sachs - Wall Street Journal
If it’s good enough for Goldman Sachs, it’s good enough for Warren Buffett. Warren Buffett has been approached by many firms for capital because his aura of stability and track record as a steady, successful investor offers other companies a ...

Xstrata drops £5.6bn Lonmin bid but raises stake to block rivals - The Independent
Main Street grudgingly swings behind bailout Word on the street: 'There will only be hardship if the rescue fails' Bank set to cut interest rates to prevent slump Putin turns on US 'irresponsibility' Sarkozy tries to rally united European response to ...

No Silver Bullets Here - Washington Post
To hear it from critics on the left and right, the Bush administration and legislative leaders were in such a rush to pass a "$700 billion bailout for Wall Street " that they failed to consider much simpler, cheaper, common sense approaches. In fact ...

Many pieces go flying from mortgage implosion - Dallas Morning News
WASHINGTON – Your taxpayer credit card is on the counter, all set to get the economy moving again. Caveat emptor – let the buyer beware. The value of the mortgage-backed securities the federal government is set to buy is hard to decipher when the ...

Obama: Aim for fundamental change - Detroit Free Press
QUESTION: 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 ...

Washington: Area lawmakers split on bailout - Chattanooga Times Free Press
WASHINGTON — In the end, after a week of talking to pension managers, bankers and anxious constituents, Rep. Zach Wamp, R-Tenn., concluded that he had to reluctantly vote in favor of the $700 billion Wall Street bailout that passed Friday afternoon ...

The Billionaire Bailout Plans - Wall Street Journal
So Congress finally approved a bailout plan. Over the coming days, pundits and economists will debate the virtues and pitfalls of the $700 billion package. For comparison, I thought I’d serve up some of the alternative plans offered by a few ...

Developer sells Winter Garden Village - Orlando Sentinel
Winter Garden Village, a 1.14 million-square-foot open-air shopping center recently completed in Winter Garden, has been sold by its developer, The Sembler Co. The shopping center, at State Road 429 and State Road 535, was sold to an affiliate of ...

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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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