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News about Mortgages:
Wall Street's blowup could cost Nassau millions - NewsdayWall Street's blowup could cost Nassau millions of dollars as investors nationwide shy away from municipal bonds, causing a spike in interest the county has to pay on its nearly $1 billion in debt, officials said yesterday. In the past week, the ...
Hillary Clinton - Chicago TribuneRonald Reagan would not recognize Nassau County today. The late president "once said 'when a Republican dies and goes to heaven it looks a lot like Nassau County.' [But] not any more," county Democratic chairman Jay Jacobs said gleefully at a news
Street Scenes from a Lehman Bailout: Executives Gather at NY Fed - Wall Street JournalAaron Lucchetti, David Enrich and Susanne Craig send these dispatches from the New York sites of Lehman’s last hours. At the New York Fed’s fortress-like stone and iron headquarters in lower Manhattan, Wall Street executives rolled up their ...

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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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