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Avon feels effects of financial crisis - Boston Globe
AVON, Conn.— The upscale town of Avon is feeling the effects of the crisis on Wall Street. Local leaders are meeting Tuesday, hoping to sell $25.8 million in short-term bonds. The town needs to borrow the money to retire old debt, incurred while ...

Avon Jittery As It Prepares To Refinance Debt - Hartford Courant
PHILIP SCHENCK, the Avon town manager, and Blythe Robinson, the assistant town manager, stand in front of the town hall complex. Avon on Tuesday hopes to sell $25.8 million in short-term notes in order to retire existing debt. But upheaval in the ...

Trinity student critically injured at frat party - Journal Inquirer
Trinity College officials say a student was critically injured while diving into a pool at a fraternity party. The student, whose name wasn’t released, was taken to Hartford Hospital after the incident late Saturday at the Psi Upsilon house near ...

BC-Oil-Prices - AP - Guardian Unlimited
BC-Oil-Prices,..... Business News TSX logs third consecutive session of triple digit gains TORONTO - The Toronto stock market logged its third consecutive day of gains Thursday as investors gave an extra surge in the final ...

BC-EU-Britain-Barclays - AP - Guardian Unlimited
BC-EU-Britain-Barclays, 2nd Business News Stock market outlook negative; oil, gold, C$ decline TORONTO - Overseas stock markets are shaky and Wall Street index futures point to a weak open for the last day of a disastrous October. Oil, gold and base ...

Should politics be preached from a pulpit? - Boston Globe
The Alliance Defense Fund , a conservative Christian legal advocacy organization, is causing a bit of a stir with its call for clergy this Sunday to speak out about candidates for public office, in defiance of IRS regulations limiting political ...

INDUSTRY NEWS & PEOPLE March 2007 - Business Travel Executive
The NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...

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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