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News about Mortgages:
Financial News
The Credit Squeeze Hits Global Properties - BusinessWeek
by Carol Matlack First came the U.S. housing bust. Now comes the overseas aftershock. As the global financial system reels from the credit crunch, skyscraper projects have stalled in London, Tokyo developers have gone belly-up, and Indian office ...

U.S. Treasury Could Announce Fannie and Freddie Plan on Weekend, Says ... - Economicnews
(CEP News) - U.S. Treasury officials could roll out a plan to backstop embattled mortgage finance companies Fannie Mae and Freddie Mac over the weekend, according to the Wall Street Journal. The story cites "people familiar with the matter" and said ...

Delinquencies, foreclosures rise to more than 9 percent of US home ... - Grand Forks Herald
More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday. But the ...

Cedar Shopping Centers Issues Development Pipeline Status Report - Forbes
PORT WASHINGTON, N.Y., Sept. 4 /PRNewswire-FirstCall/ -- Cedar Shopping Centers, Inc. (NYSE: CDR) today issued a development pipeline status report setting forth, among other things, on a per-project basis, amounts spent to-date, total project costs ...

Why mortgage rates aren't falling - Walletpop.com
With the Fed holding rates for the foreseeable future, you may think this is a great time to refinance your mortgage or buy a new home. But because of the "credit crunch" you are no doubt sick of hearing about, rates are actually higher than they ...

McCain Woos the Undecided - BusinessWeek
(page 2 of 2) By seeking an image as someone who will take on the wasteful spending that has proliferated during the Bush years and fight the vested interests many blame for Washington's gridlock, McCain is hoping to send a clear signal to voters ...

Credit squeeze slows consumer durable sales - Business Standard
Videocon has registered a 10 per cent drop in sales in products linked with consumer financing in the past six months especially in the rural and semi-urban areas, according to K R Kim, chief executive officer and vice-chairman, Videocon. They have ...

Facing federal probe, JPMorgan exits municipal swaps - Business Standard
At least seven former JPMorgan bankers are under scrutiny in a Justice Department criminal investigation of whether banks conspired to overcharge local governments on swaps and other derivatives. JPMorgan also led a group of banks that charged $120 ...

How to get a no-hassle FHA purchase-rehab mortgage - Marketwatch
Also, you can go directly to the Department of Housing and Urban Development Web site -- www.hud.gov -- and scroll down the page to the "At Your Service" section.

Money and Monetary Policy - Orlando Sentinel
RSS feeds allow Web site content to be gathered via feed reader software. Click the subscribe link to obtain the feed URL for this page. The feed will update when new content appears on this page. For most of the last year, Americans have been ...

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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.

    View all Terms
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