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News about Mortgages:

Beware the Wolf (Loan Officer) in Sheep's Clothing - 24-7PressRelease.com
RIVERSIDE, CA, January 04, 2009 /24-7PressRelease/ -- US consumers looking to refinance their homes or to secure a home loan to purchase their dream homes would be well advised to educate themselves about lender abuse. According to at least one ...

Commercial real-estate market faces worsening slump - San Bernardino County Sun
Like the housing market, the Inland Empire's commercial real estate market could become the poster child of a worsening nationwide commercial slump. "2009 should be a challenging year for owners," said David Salazar, managing director at ...

Price drop for homes not as bad in Denver - Rocky Mountain News
It may be small consolation if you bought a home in the Denver area at the top of the market, but the local residential real estate market is in far better shape than almost any other major metropolitan area in the country. The most recent S&P/Case ...

Today's Mortgage Terms starting with E

Equity: The difference between the current market value of a property and the total debt outstanding against the property.

Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.

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