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New York mayor urges Obama to fix municipal bond market - MSN MoneyCentralNEW YORK (Reuters) - New York City Mayor Michael Bloomberg said he had advised President-elect Barack Obama's transition team to boost U.S. economic growth by fixing the credit markets so that cities and states can resume borrowing to build ...
Mexico peso firms sharply after rate cuts in Europe - ReutersMEXICO CITY, Dec 4 (Reuters) - Mexico's peso firmed sharply on Thursday after a round of interest rate cuts in Europe pushed investors to bet that aggressive central banks around the world will help contain the global economic downturn. The peso
Lower mortgage rates help but jobs, prices key - Reuters
NEW YORK (Reuters) - The lowest mortgage rates in three years are luring first-time buyers and cost-cutting refinancers, but falling home prices and mounting unemployment will keep U.S. housing in its deepest slump since the Great Depression ...
Plunge in Mortgage Rates Won't End Housing Slump - CNBC
The lowest mortgage rates in three years are luring first-time buyers and cost-cutting refinancers, but falling home prices and mounting unemployment will keep U.S. housing in its deepest slump since the Great Depression. Applications to buy and ...
Lower US mortgage rates help but jobs, prices key - Guardian Unlimited
NEW YORK, Dec 3 (Reuters) - The lowest mortgage rates in three years are luring first-time buyers and cost-cutting refinancers, but falling home prices and mounting unemployment will keep U.S. housing in its deepest slump since the Great Depression ...
General Growth wins extension on $900M loans - Providence Business News
CHICAGO – General Growth Properties Inc. (NYSE: GGP) has been granted a two-week extension for $900 million of short-term mortgage debt that had been set to expire last Friday. The loans are secured two Las Vegas malls for which the company is ...
Constellation Rises as EDF Approach Defies Buffett (Update1) - Bloomberg
Dec. 3 (Bloomberg) -- Constellation Energy Group Inc. surged as Electricite de France SA , the world’s biggest reactor operator, offered to pay $4.5 billion for half of the U.S. utility’s nuclear business to gain generating capacity in North ...
Constellation Advances as EDF Nuclear Offer Challenges Buffett - Bloomberg
Dec. 3 (Bloomberg) -- Constellation Energy Group Inc. surged as Electricite de France SA , the world’s biggest operator of atomic reactors, offered to pay $4.5 billion for half of Constellation’s nuclear business to gain generating capacity in ...
Economic Meltdown Far From Over, New Mortgage Crisis Looms - FOX News
WASHINGTON — Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...
Asian stocks fall as manufacturing declines - The Age
Asian stocks tumbled as a deepening global recession drove down oil and metal prices and heightened concerns company earnings will collapse. Woodside Petroleum Ltd. lost 6.5% in Sydney after crude sank to the lowest level in three years. JFE Holdings ...

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