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RSS Feed: Local News - Tracy PressMortgage payment defaults in California are approaching a 10 year high. The state accounts for six of the nation’s top 10 metropolitan areas with the most foreclosures. For families facing foreclosure, these are stressful and difficult times. This ...
Stock prices tumble - Idaho State JournalNEW YORK (AP) - Stocks pulled back sharply Wednesday, erasing most of the previous session's big gains as investors grew concerned about the possibility that banks remain vulnerable to further problems from soured debt. The Dow Jones industrial ...
Cedar Shopping Centers Announces Loan Refinancing for Redeveloped ... - PR NewswirePORT WASHINGTON, N.Y., Jan. 10 /PRNewswire-FirstCall/ -- Cedar Shopping Centers, Inc. (NYSE: CDR) today announced that the Company replaced the $8.9 million first mortgage loan bearing interest at 7.39%, due April 2008, secured by its Golden Triangle ...

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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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