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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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Clay refinance mortgage news:
Financial News
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Cautious reception for mortgage plan - Morning Call
Use the home in question as their primary residence. Prove they were worthy of credit when they took the original loan. Have provided a down payment on the home. Local housing and banking experts are reacting cautiously to John McCain 's proposal to ...

What is the single most important ramification of the election? - Atlanta Journal Constitution
Before I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...

Affordable Housing in Connecticut Gets $1.8 Million Infusion - Yahoo Finance
BOSTON, Nov. 26 /PRNewswire/ -- The Federal Home Loan Bank of Boston (the Bank) awarded more than $1.8 million as grants and a subsidized loan to fund 33 units of affordable rental and ownership housing in three communities. Of that amount, more than ...

Letters to the editor - Nov. 12 - Akron Beacon Journal
The editorial page's Oct. 22 endorsement of U.S. Rep. Steve LaTourette mentioned that he was one of 48 Republicans to support reauthorization of the State Children's Health Insurance Program (SCHIP). This fact highlights an essential point: Among ...

Vonage Holdings Corporation Q3 2008 Earnings Call Transcript - Seekingalpha.com
Vonage Holdings Corporation (VG) Q3 2008 Earnings Call November 6, 2008 10:00 am ET Executives Marc Lefar - Chief Executive Officer John Rego - Chief Financial Officer Leslie Arena - Vice President of Investor Relations Analysts Clay Moran - Stanford ...

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