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Fannie and Freddie Get Some Good News - Nymag.com• Even though Lehman Brothers hasn't decided to officially sell its asset management arm, KKR, Hellman & Friedman, and Bain Capital are the top bidders in line to buy it. Blackstone and Carlyle were eliminated from the auction. [ FT ] • Fannie ...
U.S. MBA’s Mortgage Applications Index Rose 0.5% Last Week - Daily Business Reviewortgage applications in the U.S. rose last week from the lowest level in more than seven years, helped by an increase in purchases. The Mortgage Bankers Association's index of applications to buy a home or refinance a loan gained 0.5 percent from the ...
PHH Corporation Q2 2008 Earnings Call Transcript - Seekingalpha.comThank you, Laurie. Good morning and welcome to the PHH second quarter 2008 earnings conference call. On the call today are Terry Edwards, President and Chief Executive Officer of PHH Corporation and PHH Mortgage, and George Kilroy, President and ...
August 2008 - ABC News BlogsABC News' Alice Gomstyn reports: Americans struggling with high gas prices, take heart: Diddy “feels you.” The rap megastar is keeping his private jet grounded and flying commercial – American Airlines, to be exact – because “gas prices are ...
Stocks decline after huge rally - Eagle-TribuneNEW YORK (AP) — Stocks pulled back sharply Wednesday, erasing most of the previous session's big gains as investors grew concerned about the possibility that banks remain vulnerable to further problems from soured debt. The Dow Jones industrial ...
Subprime Still Dominates Markets, Banking - CNBC[ C Loading... ( ) ] earnings were about in line with their own drastically reduced guidance they gave a couple weeks ago. Fixed income was poor as expected, and consumer delinquency rates continue to uptick. International posted ...
More Business - San Francisco GateSharif's party: No legal immunity for Musharraf 08.16.08 Wachovia to buy back auction-rate securities 08.16.08 U.S. Olympic officials seek corporate sponsors 08.16.08 There are ways to get more vacation time 08.16.08 Under the new program, six of the ...
Fed, Morgan report ease market fears in early trading - Sioux City JournalNEW YORK (AP) -- Stocks wavered Wednesday as investors paused a day after the market's huge rally and digested better-than-expected results at Morgan Stanley that eased concerns about the investment banking sector. News that the government plans to ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
Organizing a Big Bank Bailout - US News and World ReportWhen Lehman Brothers revealed September 18 that subprime-related troubles would lead to a $700 million write-down of its earnings, the market sent its stock soaring some 10 percent. It was a classic case of "bad news is really good news." Investors ...

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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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