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Risking the Country's Credit for Homeowners - Seekingalpha.comI would like your opinion on an alternative to stimulate housing instead of the government meddling with rates to 4.5% and buying up loans from GSEs. It's such a bad idea and they are digging this country into a debt ridden hole. Why not tweak the ...
Preview from Europe: Falling Mortgage Rates Give Late Boost to Stocks - Seekingalpha.comMortgage rates fell for the first time in aeons yesterday (to 5.5%) giving homebuilding stocks a bid and driving a tentative late rally. There is an expectation that this could soon fall to 4.5%, giving hard pressed homeowners a chance to refinance ...
More grim data push Wall Street lower - Financial TimesFresh signs that the year-long recession was deepening combined with glum corporate developments across a wide range of sectors on Wednesday to push Wall Street stocks lower. Service industries contracted in November at the fastest pace on record ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Now that Hank Paulson has transformed the U.S. Treasury into Goldman Sachs South–buying, selling, lending to and merging companies–it ...
Unhand that economy, villein! - Meganmcardle.theatlantic.comI've been thinking about this for awhile. How much of this current crisis is just a manifestation of the American--indeed human--will? We're always talking about politicians deluding us and Wall-Street manipulating us, and predatory lenders conning ...
Dear Alpha Consumer, - US News and World ReportThe interest is killing me, and I cannot make a dent in the balances. I no longer use these cards as I am trying to pay them off. Should I refinance and lump this credit card debt into my mortgage? I could get an adjustable rate mortgage at an ...
GE: Not-So-Good Things Come to Light - Seekingalpha.comWhen is a stock safe enough to buy when it becomes difficult for corporations to find financing? We can answer the question two ways: 1) Why should we buy stocks when the financial markets are choking? Better to sit on cash. 2) We can’t tell when ...
President-Elect Obama and the U.S. Dollar - Seekingalpha.comAmerican equity investors are worried about the incoming Obama administration. The Democratic candidate’s campaign promises to raise capital gains and marginal tax rates are viewed by many as a dangerous burden for a recessionary economy. But the ...
Could Hedge Funds Be Emerging As The New Mortgage Middleman? - StreetInsider.comMortgage brokers receive most of their business through referrals. These referral sources include lawyers, builders, friends and realtors. Most often realtors refer business to mortgage brokers as clients who are buying a home often require ...
The danger of market timing - Boston GlobeA lot of people got burned toward the end of the late, great real estate bubble. They stretched to buy homes they couldn’t afford, convinced they could cash in at will in a rising market. That worked out real well. Yet while the real estate market ...
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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