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U.S. economy sinking deeper as layoffs mount - Holland SentinelWASHINGTON | Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the United States deeper into recession. Beaten-down ...
Counting the cost of a pint - ESPN SoccernetBeer and football; two pleasures inextricably linked, but at a time when fans are tightening their belts and trying to cut down on frivolous spending it seems that the evil, money-grabbing football clubs in the Premier League are conducting a booze ...
Obama: So far so good - Napa Valley RegisterWith the appointment of Christine Romer to head up his council of Economic Advisors, the key person to advise the President on economic policy, Obama has put in place an economic team that consists of centrists if not right of center policy makers ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Is a refinance boom coming? - ScrippsNewsA dramatic drop in mortgage rates has motivated some homeowners to wonder if they should refinance. A better question might be: Are they able to refinance? Back when house prices were zooming upward, it was easy to refinance a mortgage. Lending ...
Fannie, Freddie Boost Effort to Minimize Foreclosures (Update3) - BloombergNov. 11 (Bloomberg) -- Fannie Mae and Freddie Mac , the largest U.S. mortgage-finance companies, will accelerate anti- foreclosure efforts by streamlining loan modifications to lower monthly payments for more struggling homeowners. Fannie and Freddie ...
What is the single most important ramification of the election? - Atlanta Journal ConstitutionBefore I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...
Loans came easily, then fell apart - Milwaukee Journal SentinelWhile earning a salary of $21,000 a year, Leesa Robinson landed on top of the real estate world in 2006, overseeing nearly $1 million in property. The 45-year-old single mom started buying houses after watching late-night infomercials and their tales ...
Kite Realty Group Trust Q3 2008 Earnings Call Transcript - Seekingalpha.comGood day, ladies and gentlemen, and welcome to the third quarter 2008 Kite Realty Group Trust earnings conference call. My name is Krista and I'll be your coordinator for today. At this time all participants are in listen-only mode. We will be ...
View from the Right: Obama tax plan 'plumb' crazy - Hanford SentinelThis Election Day could usher in a crushing blow to the American dream. Within hours of meeting Joe the Plumber, Americans from all over the country flooded my inbox with their stories. Joe the Plumber, as so many who watched the final presidential ...
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