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ECB crackdown looms - MarketwatchLONDON (MarketWatch) -- The European Central Bank has signaled plans to carefully change the rules governing what kind of collateral it will accept when banks tap money-market auctions for needed cash. Economists say the ECB could move as early as ...
Stern Brothers sticks with municipal bonds - St. Louis Post-DispatchThe collapse of the auction-rate securities market earlier this year cast a pall over the municipal bond market that left some investors wondering about the future of that business. Not Stern Brothers & Co. of Clayton, which quietly continued to ...
Old-style lenders come back in vogue as housing woes hit mortgage ... - Atlanta Journal ConstitutionNow that the mortgage crisis has forced several high-profile lenders out of business, would-be home buyers are banking on, well, banks to give them loans. The boomerang back to old-fashioned lenders comes at the expense of troubled companies such as ...

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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.
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