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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.

View all Terms

Mitchell mortgage loan news:

Your Money: Boardwalk Mortgage Group Penalty - KATV
If your money is invested in stocks, a 401-K, or some other savings plan tied to the stock market…you probably have less money in your account than you used to. The fall of the housing market had a lot to do with the reduction in your portfolio ...

Lenders, homeowners reach out to solve mortgage troubles - East Valley Tribune
For Darrell Logan, 2008 has been the most difficult year of his life. An unyielding series of financial setbacks have culminated in the Queen Creek homeowner, along with his wife, Donnique, and their four children, falling behind on their mortgage ...

Winning numbers drawn in ‘Pick 5’ game - Las Vegas Sun
Players with all five numbers win $50,000. Tickets with four numbers are worth $500, while those who guess three numbers get $5. Results of the drawing will be announced Saturday. Mayor gives Culinary a piece of his mind She blazed trail by disrobing ...

Disclosure of Vick's finances reveals excess - Observer-Reporter
RICHMOND, Va. - Michael Vick was once the NFL's highest-paid player, and he spent like it. One of his friends tools around in a $31,000 Cadillac DTS. His former personal assistant steers a $45,000 Infiniti M45 and has a pair of power boats. His ...

Commercial-Mortgage Bond Holders Blame Paulson for Tailspin - Bloomberg
Nov. 21 (Bloomberg) -- Top-rated commercial-mortgage bonds tumbled 24 percent in November, almost triple the worst month ever, as Treasury Secretary Henry Paulson reversed a decision to buy mortgage assets to help stabilize the credit markets ...

Commercial-Mortgage-Securities Holders Blame Paulson (Update1) - Bloomberg
Nov. 21 (Bloomberg) -- Top-rated commercial-mortgage bonds tumbled 24 percent in November, almost triple the worst month ever, as Treasury Secretary Henry Paulson reversed a decision to buy mortgage assets to help stabilize the credit markets ...

Guests for the Sunday TV news shows - Las Vegas Sun
ABC's "This Week" _ David Axelrod, senior adviser to President-elect Barack Obama; Sens. Chuck Schumer, D-N.Y., and Richard Shelby, R-Ala. CBS' "Face the Nation" _ House Speaker Nancy Pelosi, D-Calif.; Austan Goolsbee, economic adviser to Obama. NBC ...

Investor fear remains deep despite 1-day rally - MSNBC
Traders Robert Oswald, left, and Daniel Lomeli work on the floor of the New York Stock Exchange on Friday. Wall Street ended a volatile week with an unexpected jolt of confidence following NBC News reports about President-elect Barack Obama's ...

Deed Transfers for Oct. 13-24, 2008 - Star-Banner
Warranty deed transfers in excess of $80,000 as recorded at the Marion County Clerk of the Circuit Court's office from Oct. 13-24: Grace Y. Newsum Trust to Mary Ruth Cohey Ammerman. Spruce Creek South: $170,000. Donald Overly to Margeretta Overly ...

Regulators shut Downey S&L, PFF Bank & Trust in Calif.; 22 banks have ... - Minneapolis Star Tribune
WASHINGTON - Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in Newport ...