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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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Mcculloch mortgage rates news:
Financial News
Obama urges action on 'historic' economic crisis - Rocky Mountain News
President-elect Barack Obama introduces his economic team during a news conference in Chicago. From left are, Treasury Secretary-designate Timothy Geithner, Council of Economic Advisers Chair-designate Christina Romer, and National Economic Council ...

Innocent Mo. man freed after 23 years files suit - Salon
Nov 18th, 2008 | ST. LOUIS -- A man who spent 23 years in prison for a rape he didn't commit sued St. Louis County and the officers who arrested him, saying investigators ignored inconsistencies in the victim's description. Johnny Briscoe, now 54 ...

Democrats aim to end GOP reign in Oakland - Oakland Press
Republicans have held the top six countywide administrative offices for more than three decades, but it’s a trend that Democrats hope to break this year. “The bottom line is that our countywide field is strong,” says Oakland County Democratic ...

City asks for letters from public about sewer - Havasu News-Herald
Lobbying efforts could take the Colorado River Regional Sewer Coalition to Capitol Hill sometime in the near future. If they do, Lake Havasu City Mayor Mark Nexsen is seeking input from residents. Nexsen says residents have the stories about how ...

Obama visits SSU - Ironton Online
Supports for Barack Obama raise campaign signs in the air as they wait for Thursday evenings event to begin on the campus of Shawnee State University. PORTSMOUTH — He’s 9 years old now. So it will be another nine years before Clay Willis gets to ...

Email Crime Scene KC - Kansas City Star Blogs
Mission playground fire causes $25K in damage Nudists versus wifeswappers! The Michael Vick story can't get any worse, right? UK boy, 12, died from using too much deodorant FL man stabs brother in the chest over a hat, police say As though being a ...

2008 (2684) - Dakota Voice
► January 16 - January 23 (1) In case you haven't heard about it, the movie stars Kirk Cameron as a firefighter who's doing well at work, but his marriage is falling apart at home. This movie was made by the same group of church folks that made the ...

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