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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
Mason mortgage rates news:
Financial News
Analyst rates Legg Mason 'underperform' on money-fund worries - Baltimore Business Journal
Analysts at Friedman Billings Ramsey downgraded money manager Legg Mason to the equivalent of a “sell” rating Tuesday on worries that Legg’s falling assets under management could trigger a financing crunch. Like many of its competitors, Legg ...

Legg Mason to take another earnings hit but gets breather on loans - Baltimore Business Journal
Legg Mason posts third straight quarterly loss Juggling risks gets harder in tricky market Analyst: Fewer iPhones in stockings? Legg Mason warns of job cuts to reap cost savings Analyst rates Legg Mason 'underperform' on money-fund worries Legg Mason ...

The Coming Recession - Reason.com
As this issue of reason goes to press, the dollar is at a record low against the euro, oil is more than $100 a barrel, consumer prices are up 4 percent from a year ago, and Federal Reserve Chairman Ben Bernanke is cutting interest rates so often that ...

Can We Bank on the Federal Reserve? - Reason.com
Earlier this year, the Federal Reserve—that citadel of inscrutable power, able to goose conspiracy theories as quickly as interest rates—lost a chairman. Alan Green¬span, whose tenure lasted almost two decades, is the most celebrated Fed chief ...

Mortgage brokers closing doors in wake of credit crunch - Birmingham Business Journal
The tightened credit market and current housing slump in the Birmingham- Hoover metro area have forced several local mortgage brokers to shutter their businesses. Since loan volumes in the market drastically decreased, Accept Plus Mortgage LLC, which ...

Tuesday's announcement makes it $7-trillion - Globe and Mail
WASHINGTON — U.S. authorities are throwing an $800-billion (U.S.) lifeline to keep mortgage and consumer credit flowing, pushing the total cost of fixing the broken U.S. financial system to a staggering $7-trillion. The latest infusion comes just a ...

'I wish that there was just one action we could take' - Globe and Mail
WASHINGTON -- U.S. authorities are throwing an $800-billion (U.S.) lifeline to keep mortgage and consumer credit flowing, pushing the total cost of fixing the broken U.S. financial system to a staggering $7-trillion. The latest infusion comes just a ...

Entries for November 2008 - US News and World Report
No one can complain about Paul Volcker and Austan Goolsbee being part of this new Economic Recovery Board. Top notch folks. But who else is going to be part of it? Maybe it is time for some economic bipartisanship, yes? How about John Taylor, Greg ...

Trust Deed Investing: Looking Beyond Stock Market Gloom - Nuwireinvestor.com
William Schlick has been monitoring the gloomy dispatches from Wall Street. With the credit crunch gouging global stock market indices and financial uncertainty infecting just about everyone he knows, it’s been hard not to worry. “There’s no ...

Unsafe Havens - Bloomberg.co.jp
Money market funds were invented 37 years ago to offer investors better returns than bank savings accounts while providing a high degree of safety. Most of the $2.5 trillion sitting in these funds is invested in such assets as U.S. Treasury bills ...

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