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

Jackson home equity loans news:

ROBERTS: Jackson getting it both ways - The Washington Times
Anyone believing “you can't have it both ways” doesn't know Reverend Jesse Jackson . Jackson has flip-flopped on important issues, finding supposed civil rights justifications on both sides. While politically advantageous to Jackson, the practice ...

Urban League's closure leaves community-watchdog void - News-Gazette
CHAMPAIGN – Years ago, a black mom walked into Ks Merchandise and found not one black doll to buy for her daughter. She confronted the manager, who told her, "No one's ever asked me to buy black dolls, and I only buy things that are going to sell ...

The Next Subprime Crisis Looms - FHA-Backed Loans - Free Internet Press
The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers - many of them the ...

Local real estate economy - Ukiah Daily Journal
Good time to buy, hard time for loans Worried consumers, investors and home owners are looking at today's economy and pulling back on financial adventures. One of those adventures is real estate, where the risk factor was considered nil just a few ...

Once again, the subprime wolves are on the prowl - WTOL-TV
As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long ...

November 2008 (25) - Sacramento Bee
The Sacramento-area housing market did it again. Thanks to continually falling prices and a large supply of bank repos, sales held strong in October. That makes it a seventh month in which sales in the region have been stronger than the same time ...

Matter of Record, November 17 - Wichita Falls Times Record News
Jo Nash vs. Kelly Wilson, 2131 Ave. F, $200,000.00, V3305 P885. Gary Writtenhouse vs. Jeff Prine, 1511 Nunneley Pl., #5, $1,248.37, V3306 P576. Workman, Tammy Michele, Wichita County, Chapter 7, Date Filed Oct. 29, Case No. 08-70448. Frazier, Phillip ...

Letter from Iceland - Financial Times
Give it a population of 300,000, about the same as Coventry, 70 per cent of them in the cities of Reykjavik and Akureyri. Ensure they are all related and give the majority the ability to trace their ancestry back to the times of settlement, more than ...

Paulson powerless; Pelosi punts - Politico.com
The White House and Democrats pursued competing plans Monday to aid the ailing auto industry. But with Barack Obama on the sidelines, a newly minted $100.3 billion economic stimulus bill appeared doomed in the Senate, even as fresh layoffs and Wall ...

Viewer Stories: Living Paycheck To Paycheck - WSB-TV Atlanta
The economy has caused my employer to cut me to a 3/4 worker, cutting my wages but still putting me above the line to qualify for underemployment. I've spent months searching for a new job without luck. I refuse to look beyond the tri-city area ...