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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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Edmunds mortgage loan news:
Financial News
Auto sales plunge; industry on the ropes - Oroville Mercury-Register
As America's Big Three automakers prepare to plead for a $34 billion taxpayer bailout this week, they announced that sales in November have plunged by as much as 47 percent from a year ago — the roughest stretch of road in at least two decades ...

Car loan crunch squeezes customers and dealers - Miami Herald
If your credit is less than perfect, good luck getting a car loan in South Florida. Like mortgages and business loans, car loans and leases have shriveled up as the paralyzed credit market awaits the effects of a $700 billion bailout. Both customers ...

SunTrust Mortgage ranked Highest in Overall Customer Satisfaction by J ... - Yahoo Finance
RICHMOND, Va., Oct. 21 /PRNewswire-FirstCall/ -- SunTrust Mortgage, Inc. was ranked Highest in Customer Satisfaction in a recent study conducted by J.D. Power and Associates that evaluated the top national mortgage lenders on their origination ...

In shaky times, are gift cards a bad bet? - MSNBC
Is the threat of retailer bankruptcy great enough to write off gift cards this holiday season? TODAY financial editor Jean Chatzky offers advice on this, plus wise words about investing, breaking a lease, mortgages and more. Q: I'd like to buy some ...

Nouriel Roubini: I fear the worst is yet to come - Times Online
As stock markets headed off a cliff again last week, closely followed by currencies, and as meltdown threatened entire countries such as Hungary and Iceland, one voice was in demand above all others to steer us through the gloom: that of Dr Doom. For ...

Credit Crunch? Or Consumer Confidence Gap? - Edmunds.com
In these confusing and tumultuous times, we keep hearing the same question from consumers: "Is this a good time to buy a car?" This question seems to have two parts to it. "Can I get a good deal now?" And closely linked is the implied question ...

Why more economic pain awaits US - Rediff.com
T he lifeline of the United States economy is facing a serious crisis of confidence. By lifeline, we mean the American consumers. Businesses in the US have, for a last couple of decades and more, have taken American consumers for granted and ...

Local car dealers trying to drive sales despite stalled economy - Salisbury Post
Customers had a chance to look over the new trucks during a special promotion for the 2009 Ford F-150 Monday at Cloninger Ford. Photo by Sean Meyers, Salisbury Post Odell Bare sits checks out the new truck during a special promotion for the 2009 Ford ...

A Foreign Correspondent's View of U.S. Elections - ABC News Blogs
As the clock ticks down to Election Day, I wonder whether Americans realize just how eagerly – almost fervently – the rest of the world awaits the outcome of their vote. My editor in Sweden summed it up when she urged me in my curtain raiser for ...

Register for FREE - Wall Street Journal
The email address you have entered is already in use. Please re-enter the email address. There shouldn’t be. General Motors is reportedly asking for $10 billion in taxpayer money to grease a merger with Chrysler. That is on top of $25 billion in ...

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