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How would you save the auto industry? - MSNBCLeaders of the top U.S. automakers return to Capitol Hill this week to make a second bid for more than $25 billion in federal help. From left are Ron Gettelfinger of the United Auto Workers union, GM's Rick Wagoner, Chrysler's Robert Nardelli and ...
GM, Chrysler Likely to Need New UAW Accord on Trusts (Update1) - BloombergOct. 30 (Bloomberg) -- General Motors Corp. and Chrysler LLC probably will need a new agreement with the United Auto Workers for union-run medical trusts before the money-losing automakers can complete a merger, people familiar with the matter said ...
GM-Chrysler Union Funds Said to Be Hurdle in Merger (Update1) - BloombergOct. 29 (Bloomberg) -- Merger talks between General Motors Corp. , the largest U.S. automaker, and Chrysler LLC face a possible hurdle in the union-run trusts created to manage retiree health benefits, people familiar with the matter said. A tie-up ...
Washington bankruptcy filings rise 40% - Seattle TimesIndividuals and businesses who can't pay their bills anymore and can't sell off assets to pay their debts typically seek protection from creditors in bankruptcy court. The court can give them a fresh start by releasing them from personal liability ...
Register for FREE - Wall Street JournalWhen the hulking complex now known as the GM Renaissance Center was conceived in the wake of Detroit's 1967 riots, civic and business leaders hoped its construction along the Detroit River would help revive the city's downtown. These days it's the ...
Chrysler deal may rely on fed aid - Detroit NewsTalks between Chrysler LLC owner Cerberus Capital Management LP and suitors for the automaker are progressing at a rapid clip, say people familiar with the discussions. But with credit markets still reeling from the banking crisis, a deal may hinge ...
GM, Chrysler likely to need new UAW accord on trusts - Windsor StarGeneral Motors Corp. and Chrysler LLC probably will need a new agreement with the United Auto Workers for union-run medical trusts before the money-losing automakers can complete a merger, people familiar with the matter said. That adds a hurdle for ...
2008 Election - OregonianDiane McKeel will take a seat on the Multnomah County Board of Commissioners in January, after a narrow come-from-behind victory. McKeel, the executive director of the West Columbia Gorge Chamber of Commerce, said she will spend the next two months ...
Faneuil Hall, Natick Collection Owner In Trouble - WBZ-TVBOSTON (WBZ) ― The company that owns several popular malls in New England says it may have to file for bankruptcy - just before the holidays. General Growth Properties Inc. of Chicago owns the Faneuil Hall Marketplace , the Natick Collection ...
Viewer Stories: Housing Market Victims - WSB-TV AtlantaI lost my house a few months ago because I did not have the money for the elevating arms that came when the mortgage went from $1,222.00 to $2,000.00 in three years. I feel that the mortgage was a joke when no one would talk to me at the table before ...
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