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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
Fillmore mortgage rates news:
Financial News
October September August July June May April March February January ... - Nypress.com
Well, it’s official: Rupert Murdoch (illustrated here in an episode of "The Simpsons") is the reigning king of corporate media and nothing sacred is safe from his grasp. According to The Wall Street Journal , News Corp has now secured enough votes ...

Once 3 pages, bailout bill now length of novel - Buffalo News
Two Saturdays ago, it totaled just three pages - the White House's request for $700 billion to rescue tottering financial institutions by buying their devalued mortgage-related assets. After an intense weekend of negotiations, the draft of the ...

Banks want to suspend accounting rule in bailout - Buffalo News
Congress has embraced an idea to help prop up the financial system: Give banks a break by letting them value their bad mortgage assets at a price they could fetch later, not now. Lawmakers want the Securities and Exchange Commission to implement the ...

Former first lady coming to Lorain on Sunday to campaign for Barack ... - Morning Journal
LORAIN — Sen. Hillary Clinton will return to the Lorain area on Sunday — this time to campaign for Democratic presidential nominee Sen. Barack Obama. Details of the visit were not available yesterday, according to an Obama campaign official ...

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sources: informars.com, erate.com, Freddie Mac
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