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News about Mortgages:
Slow Mortgage Start - Wall Street JournalThe federal government's latest effort to help financially distressed homeowners is getting off to a slow start. Lenders filed just 42 applications to refinance troubled mortgages under the federal Hope for Homeowners program in the two weeks after ...
'Hope for Homeowners' gets a slow start - CNN MoneyNEW YORK (Money) -- Everyone agrees that the only way to fix the financial crisis is to fix the housing market. Yet hundreds of billions of taxpayer dollars are being used to shore up failing banks. So far, efforts to stem the tide of foreclosures ...
No Quick Fix for Housing Prices - Wall Street JournalForeclosures in Stockton, Calif., discourage prospective sellers from putting their houses on the market. The government's plan, which includes taking stakes in major financial institutions and temporarily guaranteeing certain new bank debt, could ...
No quick fix for US house prices - The AustralianTHE US Treasury Department's rescue plan doesn't directly address the root cause of the crisis: falling home prices. Foreclosures in Stockton, California, discourage prospective sellers from putting their houses on the market. The government's plan ...
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