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FACTBOX-Russian metals firms cut output, capex - ForbesMOSCOW, Nov 6 (Reuters) - Steel and metals producers in Russia have announced widespread cuts in production and capital expenditure plans to cope with a slowdown in demand and the need to refinance loans during the global financial crisis ...
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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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