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

Dewey mortgage rates news:

Credit markets' rising rates pose economic threat - Seattle Times
Credit markets' rising rates pose economic threat Rising rates on corporate bonds and commercial mortgage-backed securities, and the decline of more companies into "junk" status, could add to the economy's pain in the coming year — even if ...

Open Thread - News Busters
For general discussion and debate. Possible talking point: Thanksgiving Eve. With the economy and stocks in the dumps, and socialism on the march, what are you thankful for, and what are you thinking on the Eve of the holiday season kicking off? Are ...

Obama seeks stimulus as jobs die - International Herald Tribune
President-elect Barack Obama called for urgent passage of a U.S. stimulus package to reinvigorate a faltering economy that saw U.S. unemployment hit a 14-year high on Friday while U.S. automakers reported billions in losses. European Union leaders ...

Fannie, Freddie Swoop in with Plan to Save Struggling Homeowners - 9&10 News
The regulating body of Fannie Mae and Freddie Mac announced a plan Tuesday afternoon that could keep hundreds of thousands of delinquent homeowners in their homes. The plan calls for finding ways to ease the financial burden on homeowners already ...

Home buying getting harder in Tri-Cities - Tri-City Herald
Jennifer and Michael Mead had a tough time getting financing for their new Kennewick home despite the fact that they have good credit, have owned a home before and have steady jobs. When Jennifer and Michael Mead bought their first house in 2005, the ...

Pike board approves toll hike - Boston Globe
The Massachusetts Turnpike Authority board voted 4-1 today in favor of an unprecedented toll increase, approving a 75 cent hike at the Weston and Allston-Brighton tollbooths and a $3.50 surge at the Sumner and Ted Williams tunnels. The plan would ...

McCain slams Obama on 'redistribution of wealth' - Boston Globe
Conservative bloggers and websites have been flogging it, and now John McCain's campaign has put its imprimatur on it: a newly disclosed radio interview in which Democratic rival Barack Obama talks about the redistribution of wealth. The interview ...

Why hasn't anyone been arrested? - OpEdNews.com
Only about a month ago, most of us ordinary folks were shocked to learn that the greatest economic empire the World has ever known was basically rotten to it's core. We're barely a month into the 2nd American Revolution. Life as we knew it will never ...

United Socialist States of America - Nation
Last night Stephen Colbert quite cleverly invited the actual Socialist candidate for President onto his show , to give him the opportunity to state the blindingly obvious: Obama's no Socialist. (Added bonus was hearing a real, actual socialist ...

Register for FREE - Wall Street Journal
The email address you have entered is already in use. Please re-enter the email address. Move over Joe Six-Pack . Rivals John McCain and Barack Obama offered a new moniker tonight to describe the everyday voter: Joe Plumber . McCain first made the ...