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Companies come out in favor of $700 bln bailout - Marketwatch
SAN FRANCISCO (MarketWatch) -- Cries of support for the government's $700 billion bailout plan spread beyond Wall Street and Washington as companies from General Electric to Weyerhaeuser Co. warned Wednesday of dire consequences if the bill fails in ...

Options to solve credit challenges - Atlanta Journal Constitution
The buyers: Kira George, 25, an administrative assistant, and husband Yves Amani, 28, a fraud investigator for Verizon Wireless. CHRISTOPHER OQUENDO/Special Yves Amani and Kira George used an FHA loan to overcome obstacles to homeownership. They had ...

McCain/Palin offer insight to how they would govern - Atlanta Journal Constitution
So Sarah Palin, the “reformer” advocating greater transparency in government, is now refusing to take any part in a state investigation to which she once pledged total cooperation. She is also trying to squelch release of emails and other ...

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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.
  • Sellers 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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