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Financial and Business Services - Orlando SentinelExcerpts of recent editorials from Indiana newspapers: Aug. 20: Journal & Courier, Lafayette, on school consolidation: Schools across Indiana began consolidating roughly 40 years ago, merging small community schools -- almost neighborhood-like... The ...
Bankers weigh in on housing decline - Allentown Morning CallA group of Lehigh Valley bankers says the current housing slowdown won't go away overnight and will affect builders, residents with less-than-stellar credit and businesses considering an expansion. The region will be spared some of the toughest ...

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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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