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Californians in Foreclosure May Have Something to be Thankful for - Eastern Group PublicationsWith California’s large budget gap and unemployment rate souring at 8.2 percent, according to the U.S. Department of Labor, it seems as if there is little hope this holiday season for an economic turnaround. But for some, all may not be lost ...
Low rates breathe life into mortgage market - Columbus DispatchA recent half-percentage-point drop in 30-year home loans is jolting a mortgage market that has been weighed down by a nose-diving economy and troubled credit markets. Mortgage applications were up 112 percent during the week that ended Nov. 28 ...
$32M OK'd for marina - Leaf ChronicleClarksville City Council voted Monday to amend the city's capital project budget by $32 million to finance the revamping of Fairgrounds Park, including a marina and water park. The council voted last month to pursue the project in three phases ...
Water Tower Place - Chicago TribuneYou can't walk five steps in Chicagoland without bumping into a holiday model train display this year. Morton Arboretum has one. So does Chicago Botanic Garden. And the John Hancock Center. And the Lincoln Park Conservatory. And the Museum of ...
BC-UT--Economy-Court Filings,1st Ld-Writethru/338 - Daily HeraldSALT LAKE CITY -- The lagging economy appears to be driving up civil court filings in Utah. Mortgage foreclosures and liens were up 111 percent between July and October compared to the same period last year. A court analysis also indicates that the ...
Court cases surge as Utahns cope with economic woes - Salt Lake TribuneA bad economy historically means more business for the courts. "If you go back over the last 15-20 years, whenever there's a downturn ... you generally see an increase in civil filings," said state Courts Administrator Daniel Becker. Sure enough ...
Real estate a tough sell in troubled economy - San Francisco GateTuesday, December 2, 2008 The most glaring and frightening example for many in the industry was the recent revelation that Alexandria Real Estate Equities Inc. will not move forward with two biotechnology buildings at San Francisco's Mission Bay ...
Monetizing the Debt - FXStreet.comDeflation won't happen here; at least not if Federal Reserve (Fed) Chairman's Ben Bernanke's plan pans out. Deflation is considered a persistent decline in prices of goods and services; in a speech in 2002, Bernanke outlined the steps he would take ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC 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 ...
Unhand that economy, villein! - Meganmcardle.theatlantic.comI've been thinking about this for awhile. How much of this current crisis is just a manifestation of the American--indeed human--will? We're always talking about politicians deluding us and Wall-Street manipulating us, and predatory lenders conning ...
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