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Congress Blames Treasury as Foreclosures Mount - Common Dreams
BOSTON - A congressional banking leader Tuesday blew hot air and blame at the U.S. treasury secretary about the ongoing home foreclosure crisis, but neither made a commitment to help stressed homeowners. Congress is officially out of session, except ...

Peak Oil, Cars, and Depressions - Seekingalpha.com
As the global economy heads into terra incognita and the stock market tries to prove it has seen the worst my thoughts, for whatever they are worth, are: 1. Some economic observers such as John Thane , the CEO of Merrill Lynch, and JC Penney’s CEO ...

Obama Needs a Protest Movement - Common Dreams
The astonishing election of 2008 is over. Whatever else the future holds, the unchallenged domination of American national government by big business and the political right has been broken. Even more amazing, Americans have elected an African ...

Bailout goes from necessary to nightmarish - Atlanta Journal Constitution
That $700 billion financial sector bailout that I supported — and do still, but with an exit strategy — is a nightmare in the making. Look what’s happened since the first of the month: Atlanta Mayor Shirley Franklin, smelling a bailout handout ...

2008 (2665) - Dakota Voice
► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...

TSX losers and winners since the June peak - Globe and Mail
As the global financial crisis deepens, Report on Business writers examine and explain the turmoil in credit and stock markets. Here, we answer your questions daily, with the most recent at the top. What is the worst-performing stock on the S&P/TSX ...

McCain, a candidate who embraces opposites - International Herald Tribune
At the presidential debate in Nashville last Tuesday, Senator John McCain made his case for fiscally conservative, smaller government, calling for an "across the board" spending freeze and denouncing what he described as Senator Barack Obama's ...

Mortgage rescue: Where McCain and Obama stand - Herald News
The politics of housing have changed in four years. In 2004, George W. Bush campaigned on a platform of increasing homeownership, especially among minorities. He wanted the government to insure zero-down payment mortgages. “In changing times ...

Obama Overhaul of Finance Rules May Lead to Clash With Industry - Bloomberg
Nov. 5 (Bloomberg) -- Now that Barack Obama has won the White House, his campaign to overhaul a financial industry imperiled by its worst crisis in seven decades begins. The president-elect has vowed a top-to-bottom examination, focusing on ...

What about the economy Obama, McCain? - Newsday
There was a surreal quality to the presidential debate Tuesday night that was very discouraging. Even as both candidates went about their scripted, well-rehearsed routines, they all but ignored the 800-pound gorilla stalking around the room: the ...

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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