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School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Mall owner may file for bankruptcy - Battle Creek EnquirerGeneral Growth Properties, parent company of Battle Creek's Lakeview Square Mall, might file for bankruptcy as it struggles to refinance debt. Shares of General Growth Properties tumbled 64 percent on Tuesday, after the company announced Monday it ...
Countrywide to pay $10M for bad loans - Detroit NewsMore than $9.8 million will be paid to assist Michigan homeowners who have lost their homes to foreclosure and nearly 10,000 residents will be able to refinance their mortgages at lower rates under a nationwide settlement between Countrywide ...
General Growth Properties may seek bankruptcy protection - Dallas Business JournalAnalyst says Trans World ‘facing an uphill battle’ Four Seasons Town Centre could go up for sale Mall owner in liquidity crunch General Growth Properties may seek protection General Growth Properties , parent company and manager of major shopping ...
Local Business Watch: Rural development chief Dorr resigns from USDA - Des Moines RegisterFormer Iowa farmer Tom Dorr is stepping down Dec. 1 as the U.S. Department of Agriculture's undersecretary for rural development. Dorr's term would have expired when President Bush leaves office in January. Agriculture Secretary Ed Schafer said Dorr ...
State Sen. Boseman faces two more foreclosures - Star News OnlineTwo more of state Sen. Julia Boseman’s properties – an office condominium in New Hanover County and a three-bedroom mobile home in Brunswick County – are being foreclosed upon due to late mortgage payments. According to New Hanover County ...
What Mervyn didn't say - bbcThe slightly odd thing about Mervyn King's speech last night is that it didn't address the issue of what the central bank, the Bank of England , could do better next time. King's analysis of what went wrong is spot on, as always. In a nutshell our ...
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