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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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Maverick home equity loans news:
Financial News
Most voters here just don’t learn - World Link
Well, we did it again. Apparently quite satisfied with the way the country has been going for the last eight years, most of the Coos County electorate opted for four or eight more years of the same from the “maverick” candidate who voted with ...

November 2008 - Weekly Standard
Out on the tour circuit for his new book, "How Mitt Romney, the Fake Conservative, Almost Bought the Republican Primary With His Big CEO Money" "Do the Right Thing," Mike Huckabee took a break from bashing former rival Mitt Romney to take a few ...

The Case Against Giving GM and Chrysler a Hand - Wall Street Journal
Here's a hot potato for the new commander in chief: Having just scored $25 billion in low-cost federal loans to develop fuel-efficient vehicles, General Motors and Chrysler are back, hat in hand, looking for more billions to assist their proposed ...

How Wall Street Can Bail Itself Out Without Destroying The Dollar - Common Dreams
For Grover "Drown Government In The Bathtub" Norquist, this bailout deal will work out very well. At a proposed cost of $4,780 per taxpayer, it'll further the David Stockman strategy of so indebting us that the next president won't have the luxury of ...

McCain plan abandons fiscal conservatism - Chicago Sun-Times
John McCain calls his promise to help millions of Americans with their mortgages the McCain Resurgence Plan. Ostensibly, the "resurgence" has something to do with home values, but his poll numbers are what he really has in mind. This desperate ploy ...

Jay Bookman - Atlanta Journal Constitution
The entry titled "Obama swinging for the fences?," and any of the comments about it. Barack Obama has purchased a half-hour of airtime on CBS, sources confirm. “The Obama campaign will air a half-hour primetime special on Wednesday, Oct. 29, at 8 p ...

Glenn Greenwald - Salon
Numerous commentators have condemned the McCain campaign's despicable -- and patently false -- attack on Professor Rashid Khalidi as an "anti-Semite," deployed in order, yet again, to insinuate that Barack Obama is an American-hating, Muslim/Arab ...

McCain: No there there for Obama - Boston Globe
In his first post-debate appearance, John McCain promoted his plan to have the federal government directly buy mortgages and refinance them at lower interest rates to help beleaguered homeowners. "We need to act quickly and decisively," he told ...

Dissecting McCain's Bailout Plan - The Money Times
Back in March, Sen. John McCain stated that he has "always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers." Apparently, he was ...

The 50 Women to Watch 2008 - Wall Street Journal
One day this past April, Federal Deposit Insurance Corp. Chairman Sheila Bair saw a stark reminder of the human side of the foreclosure crisis. Attending a foreclosure-prevention workshop in Los Angeles, she saw hundreds of homeowners of all ...

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