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News about Mortgages:
Downturn Drags More Consumers Into Bankruptcy - Blueridgenow.comTony and Carrie Forsyth filed for bankruptcy to keep their house in Tamarac, Fla. "There was no other way for us to live and support our family," Mr. Forsyth said. The economy’s deep troubles are pushing a growing number of already struggling ...
More consumers fall into bankruptcy - Akron Beacon JournalThe economy's deep troubles are pushing a growing number of already struggling consumers into bankruptcy, often with far more debt than those who filed in previous downturns. Plummeting home values, dwindling incomes and the near disappearance of ...
Consumers file for bankruptcy in higher numbers - Dallas Morning NewsThe economy's deep troubles are pushing a growing number of struggling consumers into bankruptcy. Often they have much more debt than those who filed in previous downturns. Dropping home values, shrinking incomes and the near disappearance of credit ...
Bankruptcy filings up - over 100,000 in October - San Francisco GateTara Siegel Bernard,Jenny Anderson, New York Times Plummeting home values, dwindling incomes and the near disappearance of credit have proved a potent mixture. While all the usual reasons that distressed borrowers seek bankruptcy - job loss, medical ...
More Americans slipping into bankruptcy - International Herald TribuneThe deep troubles of the U.S. economy are pushing a growing number of already struggling Americans into bankruptcy, often with far more debt than those who filed in previous downturns. Plummeting home values, dwindling incomes and the near ...
Forsyth hasn’t made bond deal, but it has raised taxes - Atlanta Journal ConstitutionThe crisis on Wall Street has temporarily stalled Forsyth County’s plans to borrow $100 million for dozens of park projects approved by voters in February. Local taxpayers would never know it though. They’ve already been hit with higher tax bills ...
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