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News about Mortgages:
Modine to trim jobs, retiree medical benefits - Milwaukee Journal SentinelModine Manufacturing Co. is cutting jobs and eliminating post-retirement medical benefits as it restructures operations during a downturn in the automotive and truck industries. The company said Wednesday it plans to cut about 15% of the management ...
Coastal Post Online - Coastal Post NewsThe chairman of the Republican Party in Macomb County, Michigan, a key swing county in a key swing state, is planning to use a list of foreclosed homes to block people from voting in the upcoming election as part of the state GOP's effort to ...
September 2008 - Weekly Standard"I don't think me calling House Republican members would have been that helpful. I tend not to be that persuasive on that side of the aisle." - Barack Obama, acknowledging he doesn't know how to do bipartisanship and that his whole post-partisan ...
FHA loans come to rescue of home buyers - Delaware OnlineThe Magnolia resident was drowning in bills and wanted to refinance, but with home prices declining, her consolidated debt totaled almost as much as her home was worth. But the quick refinancings and easy credit of years past were drying up ...
Hank Paulson has turned a drama into a crisis - Times OnlineIt looks as if the prophets of doom may have been right after all. With the demise of Lehman Brothers and Merrill Lynch - and the threatened collapse of the world's largest insurance company, American International Group - we are now unquestionably ...
Home buyers still finding it tough - Marketplace.publicradio.orgScott Jagow: So, the government is bailing out Fannie and Freddie. The Fed has cut interest rates many times. Congress has passed a housing relief bill. And still, the housing market struggles. Here's a good example from Houston. It's a city where ...
Local Prices Down 30 Percent from Peak - Voiceof San DiegoWednesday, Aug. 27, 2008 | Home prices in San Diego dropped again in June, reaching a point not seen since September 2003, according to the Standard & Poor's/Case-Shiller Index released Tuesday. June's price index for resale houses fell 30 percent ...
That sinking feeling - Delaware OnlineFrom the moment in March 2006 when Melissa and Greg Thomas moved into the $445,000 house they built on five acres in Clayton, they knew they could barely afford it. Because of various problems that arose during construction, the Thomases have been ...
Other County Board action - Quincy Herald-WhigThe Adams County Board welcomed its newest member Tuesday when Steve Vestal of Quincy was seated as a District 3 representative. Vestal, a Republican, fills the seat formerly held by Dave Bellis, who resigned in July because he was moving outside the ...
Lose your house, lose your vote - Arab American NewsThe chairman of the Republican Party in Macomb County, Michigan, a key swing county in a key swing state, is planning to use a list of foreclosed homes to block people from voting in the upcoming election as part of the state GOP's effort to ...

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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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