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Dow slips below 8,000 on growing fear of deflation - KTAR.comWASHINGTON (AP) - A growing fear of economic deflation helped take the air out of the stock market Wednesday, and another white-knuckle final hour on Wall Street pushed the Dow Jones industrials under 8,000 to their lowest close since the financial ...
When Credit-Card Debt Is Better Than Home-Equity Debt - Smart MoneyREBECCA WALKER AND her husband were anxious to refinance their adjustable rate mortgage . But a $7,000 home-equity loan (HEL) stood in the way. The Walkers bought their house in 2003 with a 100% mortgage, and now the two debts combined were more than ...
Fannie, Freddie Boost Effort to Minimize Foreclosures (Update4) - BloombergNov. 11 (Bloomberg) -- Fannie Mae and Freddie Mac , the largest U.S. mortgage-finance companies, will accelerate anti- foreclosure efforts by streamlining loan modifications to lower monthly payments for more struggling homeowners. Fannie and Freddie ...
Small businesses go to community banks for loans - Star-BannerBusiness owners are finding it harder to get loans as most lenders are tightening their standards, but the problem is largely restricted to banks with exposure to sub prime loans. But banks still need to loan money to make money and those financial ...
Presidential race tops national ballot; statewide issues addressed - Harrison Daily Timeshe national ballot will be topped by the presidential race between Democrat Barrack Obama and Republican John McCain and Harrison-area voters will find Democratic U. S. Senator Mark Pryor facing an opponent, Green candidate Rebecca Kennedy, Tuesday ...
Missoula mortgage refinancings have doubled - Missoulian6 percent or less. Rates are expected to skip around between 5 percent and 6 percent as the Federal Reserve, which meets next on March 18, tries to avoid a nationwide recession. Investors expect the Fed will lower interest rates by another half a ...
Buy a home, save for college - CBS 3 SpringfieldPHILADELPHIA -- There is no question that a college education is valuable, as college graduates are expected to earn over $1,000,000 more than high school graduates during their working lives. That's something worth supporting. Yet while 81 percent ...
Voters keep machines humming - Hope StarAs the first week of early voting in the Nov. 4 general election concluded Friday, voter response continued to keep the electronic voting machines in Hempstead County Clerk Jackie Ridling's office humming. Ridling said Friday morning that 565 early ...
Mortgage shopping made easier - MarketwatchCHICAGO (MarketWatch) -- New mortgage rules issued Wednesday by the Department of Housing and Urban Development will help consumers more easily shop for the lowest-cost mortgage and avoid expensive loan offers. Reforming the Real Estate Settlement ...
Early voters begin to surge - Hope StarHempstead County voters may well have begun to show the trend which state election officials are predicting for a huge turnout in Arkansas for the Nov. 4 general election as early voting opened here Monday. Hempstead County Clerk Jackie Ridling ...
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.
View all Terms