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

Tucker mortgage rates news:

Fannie, Freddie suspend foreclosures - Denver Post
Nov 20: Stocks tumble for second day; Treasurys surge Dems delay auto bailout vote, seek plan from Big 3 Nov 13: Stocks shoot up 550 as investors swarm back in Colorado foreclosures mixed OECD says developed world already in recession Oversight of ...

Principal says $2 billion from U.S. is no bailout - Des Moines Register
If Principal Financial Group were to receive $2 billion in government money, it would not be a bailout, says Chief Executive Larry Zimpleman. "It's only a bailout in the sense that we are trying to bail out the economy," he said. Principal announced ...

Dems delay auto bailout vote, seek plan from Big 3 - Denver Post
House Speaker Nancy Pelosi of Calif, second from left, gestures during a news conference on Capitol Hill in Washington, Thursday, Nov. 20, 2008, to discuss the auto industry bailout. From left are, House Majority Whip James Clyburn of S.C., Pelosi ...

Car dealers plead for government help - Globe and Mail
K P from Newmarket, Canada writes: I look in my local paper and see photos of 14 salespeople at a local Newmarket GM Dealer. I look at that dealers lot and see it full of pick up trucks, SUVs and Vans. Why we should give money to help those ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

RBS and Abbey cut mortgage rates - Guardian Unlimited
Two lenders offered a shred of good news to mortgage borrowers today as they announced cuts to the cost of their fixed-rate mortgages. Royal Bank of Scotland, which includes NatWest, is reducing a number of its fixed-rate loans by between 0.35% and 0 ...

UK interest rates 'to fall to 1%' - MyFinances.co.uk
UK interest rates could fall to a record low of one per cent. Analysis by Capital Economics predicts the Bank of England hitting back hard against the coming recession, which the firm predicts will be deeper than the early 1990s. The Bank of England ...

Fed sees weaker economy, cuts rates - USA Today
WASHINGTON — The Federal Reserve on Wednesday slashed interest rates a half-percentage point, a move intended to blunt the pain of an economy that has "slowed markedly." Fed Chairman Ben Bernanke and his colleagues, voting unanimously, cut their ...

Obama calls McCain mortgage plan ill-advised - San Francisco Gate
Democrat Barack Obama told Ohio voters Thursday that Republican John McCain's mortgage buyout plan would cost them billions of dollars and reward bad behavior by lenders. Speaking in Dayton as he started a two-day bus tour of hotly contested Ohio ...

Economic Ignorance: Tucker Blames Financial Crisis On Bush - News Busters
For years NewsBusters and its affiliate the Business & Media Institute have agonized over the astounding economic ignorance of many press members who despite their lack of financial acumen have the gall to offer their unqualified opinions to the ...