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Dallas-Fort Worth cities cautious about '09 budgets - Dallas Morning News
ARLINGTON – The ink was barely dry on the new budget when the Arlington City Council decided this month to chop $1 million from its spending plan. Concerns about the troubled economy convinced the council that cuts were needed less than two months ...

Ford tells Congress it may be able to go it alone - Rapid City Journal
WASHINGTON - Ford Motor Co. is asking Congress for a $9 billion "stand-by line of credit" to stabilize its business, but says it doesn't expect to tap it. Unless one of Detroit's other Big Three auto companies goes bust, Ford expects to have enough ...

Kiev crunch - Financial Times
It has been a rough ride for Viktor Yushchenko, Ukraine’s pro-west president, since his triumph in the 2004 Orange Revolution – and it is about to get much rougher. The domestic political conflicts and persistent headaches of dealing with ...

State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-Review
In a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...

Companies face £50bn funding crisis - Daily Telegraph
Many members of the FTSE350 face a serious crunch as at least £50bn in their publicly traded debt expires by December, and some will go to the wall, experts have warned. The news is the latest example of how the financial crisis is starting to ...

Many Homeowners Owe More Than House Is Worth - CNBC
We asked Gary Vaynerchuk of Wine Library TV to tell us about his favorite brands of Bourbon, Irish Whiskey and Single Malt. About 7.63 million properties, or 18 percent, had negative equity in September, and another 2.1 million will follow if home ...

Tuesday, November 25 - News.com.au
THE search for a Mt Gambier man missing in India has gone hi-tech, with his family posting a moving video on the internet. HOUSEHOLD water bills will rise by at least 20 per cent next year to fund a $300 million blowout in the cost of the planned ...

Fitch Rates Evanston, Illinois $18.7MM Rfdg GOs 'AAA' - Businesswire.com
CHICAGO--( BUSINESS WIRE )--Fitch has assigned an 'AAA' rating to the City of Evanston, Illinois' (the city) approximately $18,655,000 general obligation (GO) bonds, series 2008D. The bonds are scheduled to price via negotiated sale on or about the ...

Tough times may provide silver lining - Toledo Blade
A hundred layoffs here, a thousand there. Plant shutdowns. Circuit City filed for bankruptcy. Now General Motors wonders if it will, too, even as the entire auto industry pleads for government help. Consumer spending is so tight now that the country ...

Maryann Haggerty and Elizabeth Razzi - Washington Post
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...

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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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