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Citigroup plans a leaner future, cuts 53,000 jobs - WTOP Radio
NEW YORK (AP) - Citigroup , widely seen as the sickest Wall Street bank, will make some of the most severe cuts in the history of U.S. business _ 53,000 jobs _ as it tries to slash costs and get back to basics before it's too late. The cuts, which ...

Bank Lending Actually Increased... Sort Of - Seekingalpha.com
( From the WSJ ): "All around Washington, policy makers are scrambling to figure out how to get banks lending again. Lawmakers have criticized banks for not using new federal money to make loans and have threatened to place conditions on additional ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Sometimes it takes a world-wide economic meltdown to remind you of how good you had it. It was just so for THL — former Thomas H. Lee ...

Fluvanna hopeful on bond deal - Daily Progress
Results from recent government bond sales across the state have Fluvanna County officials hopeful that their proposed December debt sale to fund the county’s new high school will be successful. A local taxpayer organization, however, is hoping the ...

Timeline: U.S. Credit Crunch & Financial Failures - KNx 1070
NEW YORK (CBS News) ― Wall Street and Main Street have been caught up in credit market turmoil, which began in 2007 with rising defaults on mortgages made to financially shaky borrowers and spread to corporate bonds and other kinds of debt. May 17 ...

Obama Needs a Protest Movement - Common Dreams
The astonishing election of 2008 is over. Whatever else the future holds, the unchallenged domination of American national government by big business and the political right has been broken. Even more amazing, Americans have elected an African ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

Minorities in loan crush: Hopeful home owners hit hard by credit ... - New York Daily News
Bronx homeowners and homebuyers are having more trouble obtaining credit than their counterparts in any other borough, with black and Hispanic buyers suffering the worst, according to a new report. The Bronx saw the largest drop in the number of home ...

Japan offers $51 billion stimulus package - International Herald Tribune
HONG KONG : Japan announced a $51 billion fiscal stimulus package to help households and businesses, the boldest of several measures officials took Thursday to try to stanch the fallout from the global credit crisis, and prompting shares throughout ...

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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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