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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

Lexington home equity loans news:

The market's down, but not my house - Boston Globe
The real estate market may be tanking and values plunging. But hey, don’t look at me. My home is actually gaining value! That seems to be the attitude of a surprisingly large number of homeowners amid the current downturn, a recent AP story found ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

First Community Corporation Announces Operating Results, and Cash - MSN MoneyCentral
LEXINGTON, S.C., Oct. 22 /PRNewswire-FirstCall/ -- Highlights -- Operating earnings of $1.14 million ($.35 EPS) for third quarter and $3.5 million ($1.09 EPS) year to date. -- Other than temporary impairment charge of $5.1 million (after tax) which ...

Business Notes - Lexington Herald-Leader
Versailles-based engineering company to open W.Va. office A Versailles-based engineering company that provides technical services to the oil and natural gas industry plans to open an office in West Virginia. Energy Management Services Co. said ...

With wreckage piling up, Fed eyes another rate cut - Lexington Herald-Leader
WASHINGTON -- As the economic wreckage piles dangerously higher, the Federal Reserve is prepared to ratchet down interest rates - perhaps to their lowest point in more than four years - with the hope of relieving some of the pain felt by many ...

Banks begin rush for US bailout funds - Christian Science Monitor
Reporter Peter Grier discusses how the US Treasury Department is using $700 billion in financial rescue funds and why some in Congress are objecting. Washington - Badge of shame – or sign of solvency? That's the question for thousands of banks ...

Bailout retooled to boost lending - Boston Globe
Treasury Secretary Henry Paulson yesterday backed away from the original strategy behind the $700 billion US plan for propping up the limping economy, opening the door to pump government cash into credit card companies, auto financing firms, and ...

If Recession Is Now Here, When Is It Going to End? - CNBC
If you are dumbfounded by the amount of money the federal government is pouring into the private sector to ease the nation's financial crisis, click ahead for a big-budget ride through time. A second straight month of job losses all but ended the ...

These Loans Were Made for Walking: The End of the Subprime Crisis - Common Dreams
We are nearing the end of the subprime crisis, but this is not exactly grounds for celebration. There are still millions of low- and moderate-income homeowners who are facing the loss of their house through foreclosure. Nothing currently on the ...

Michelle Singletary - Washington Post
Personal finance columnist Michelle Singletary hosted an online discussion with Gary Weiss , author of "Wall Street Versus America: A Muckraking Look at the Thieves, Fakers, and Charlatans Who Are Ripping You Off," on Thursday, Oct. 23 at Noon ET ...