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

Butler home equity loans news:

Jurors hear confession tape in Randolph murder trial - Newark Star-Ledger
After police caught Jonathan Zarate and two teen-agers trying to dump a trunk containing a Randolph girl's beaten and dismembered body into the Passaic River in Rutherford, Zarate told an investigator he had found his next-door neighbor dead. "I ...

Weep for Woolies - bbc
The manner of Woolworth's demise as a going concern was almost as shocking as the fact of its collapse into administration. Although Woolworth had been one of the UK's weaker retailers for years - propped up by a decade of benign, debt-fuelled ...

For Buyers, Sellers, Home Is Where the Hurt Is - HispanicBusiness.com
MILWAUKEE - Susan Kerwin's three-bedroom house in Jackson, Wis., has been in move-in condition since she put it up for sale in May. The trouble is finding someone who wants to move in - or even make an offer. She's heard lots of reasons why people ...

Protecting yourself from Wall Street meltdown - Patriot Ledger
The Lehman Bros. bankruptcy will affect consumers who have invested in shares of the investment bank, as their equity will be wiped out. But any losses will likely be blunted because most consumers who own Lehman Bros. shares do so through mutual ...

Delphi delays bankruptcy hearing - Buffalo News
NEW YORK — Delphi Corp. on Monday pushed back a court hearing to change the terms of $4.35 billion in bankruptcy loans, an effort to give the company some breathing room amid a seizure of the credit markets. The auto parts maker rescheduled the ...

Mortgage refinancing rush is on - Milwaukee Journal Sentinel
Experts say everybody's case is unique and depends on the type and status of the mortgage, refinancing costs, overall finances and plans for the home. But there are some common factors to consider: How long will it take to recover the up-front costs ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. President Bush signed the $700 billion rescue bill into law Monday. So far this week, the Dow Jones Industrial Average and S&P 500 are down ...

First Trade Union Bank Selects PHH Mortgage as Strategic Outsource ... - Earthtimes
BOSTON - (Business Wire) First Trade Union Bank today announced that it has selected PHH Mortgage, a subsidiary of PHH Corporation (NYSE:PHH), as a strategic outsourcing partner for its mortgage loan origination and servicing business. PHH Mortgage ...

Subprime Scapegoats - Common Dreams
AMID A GLOBAL financial crisis that began with unsustainable loans to people with bad credit, it was only a matter of time before apologists for Wall Street excesses would try to pin the blame on the poor - and on government policies meant to help ...

Citigroup’s Troubled Tale of the Tape - Wall Street Journal
The hits keep on coming at Citigroup. The stock is now trading at $6.40, a 24% drop in six and one-half hours of trading Wednesday. Here’s a by-the-numbers look at the latest goings-on at the bank. Receivership is just around the corner. The board ...