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Stalled condo project could get new financial backer, more units - New London DayNew London - City Gateway Commons, the city's most ambitious residential development, may be poised for a revival after a summer that saw work cease and numerous contractors file liens on the property. Anthony Silvestri, the project's developer, has ...
Commentary: Bailout should treat the root cause, not the symptoms - CNNCNN) -- To borrow the title of a classic modern novel, "Things Fall Apart." In just decades, Americans have gone from Franklin Delano Roosevelt's New Deal to George W. Bush's Rash Deal. During the last few days, my office has been flooded with phone ...
Stocks tumble as Street worries about financials - ksl.comSubprimes went into effect and subprime loans skyrocketed before Gramm-Leach-Bliley. It also doesn't help your cause when Democrats, including Biden, supported the bill. It passed 90-8 in 1999 and Clinton signed it. Again, regardless of GLB ...
Economic collapse is upon us: Can we afford four more years? - Bloggingstocks.comFresh statistics reveal an economy that is in grim shape -- and just in time for the election. Jobless claims are higher than they have been since September 2001 and factory orders plunged 4%. If we elect the McCain whose chief economic advisor ...
Sep 28 - Oct 04 (317) - Andrewsullivan.theatlantic.comCrowley thinks calls from the right to drop Palin will slow: ...the calls to dump Palin from the ticket will now stop, except among those hardy Republicans who actually care about her qualifications to be president. (President! Remember that's what ...
Stupid comments and more on the bailout - Napa Valley RegisterThose who say they won't vote for the bailout because it is socialistic — that's like having a theory that children should learn to swim by just throwing them in the water, so you throw in your kid and watch them drown to uphold your theory. Dave ...
Trace may connect to Emerald Mound - Natchez DemocratNATCHEZ — When the Adams County budget went into effect on Oct. 1 it was roughly $1.25 million richer than the previous year’s budget. That bigger than normal bank account resulted from money given to the county from the Mississippi Department of ...
Letters to the Editor - Oct. 1 - Daily CameraI just got off the phone with my mother who lives in Italy. She is 85 years old and has no financial background. When I asked her if she had heard about the mess in our financial world she summed it up simply when she said: "Hanno fatto il lupo ...
Please, Mr. Lender, Exploit Me Some More - Reason.comIn last night's vice presidential debate, Sarah Palin attacked "predator lenders," which made it sound like she was opposed to the sharing of lions and tigers among zoos. Judging from the context, I'm pretty sure she meant "predatory lenders ...
Talk grows of need for U.S. bad debt disposal agency - San Diego Union-TribuneWASHINGTON – Wall Street's turmoil and the Bush administration's erratic response are stirring interest in a potentially more decisive approach – a temporary agency to dispose of the toxic debt instruments poisoning the system. Various models ...

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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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