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News about Mortgages:

Champion man gets 1 year in jail for fraud on mortgages - Pittsburgh Tribune-Review
Champion man gets 1 year in jail for fraud on mortgagesPittsburgh Tribune-ReviewYurchison and Fox started several mortgage, finance and real estate firms, all based at an address on South Pennsylvania Avenue in Greensburg. ...

Cobblers stay busy even as craft disappears - Tribune Review
Cobblers stay busy even as craft disappearsTribune Review"There's a lot of things that we can fix that people don't think we can," says Ron Mancuso, owner of Mancuso's Shoe Repair in Greensburg. ...and more »

Online bill payments pushed - TMCnet
Online bill payments pushedTMCnet--Greensburg-based Allegheny Power, a unit of Allegheny Energy Inc., offers three options: Power Pay, which delivers a statement by mail but collects ...and more »

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

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