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2008 Election - Oregonian
Heather Courtney and David Manzo (right), of San Jose, get prepared for a long day of selling their "Barack-in-the-box" toys on the 16th Street Mall outside the Pepsi Center. DENVER -- I'm stuck outside the Convention Center, waiting for those oh-so ...

Foreclosure crisis going to get worse before it gets better - Arlington Heights Daily Herald
Government officials and homeowners are hunkering down. If the foreclosure crisis is bad now, the increasing trend of court filings indicates the problem will become much worse, experts say. The storm has been brewing for at least the last five years ...

Frank Raines - Slate
Mistakes Were Made! Frank Raines--Rhodes scholar, Harvard Law, Lazard Freres, potential future Treasury secretary, etc.--has blotted his copybook at Fannie Mae. (His bio has already ignominiously disappeared from its former spot on Fannie Mae's Web ...

Drowning in debt? Lifeguard is CCCS - Atlanta Journal Constitution
The good news for the Consumer Credit Counseling Service is it's hiring like crazy. The bad news is, it has to do that. Since it set up a new hotline Jan. 31, the Atlanta-based nonprofit has been overwhelmed by desperate homeowners across the country ...

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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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