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BayWalk owner says foreclosure near - St. Petersburg Times
BayWalk, which opened in St. Petersburg in 2000, has run into difficulty. Its vacancy rate stood at 25 percent this summer. BayWalk's owner is in default on his mortgage loan and anticipates that foreclosure will follow for the downtown St ...

RLPC-UPDATE 1-Ineos asks for waiver on 7.62 bln euro senior loan - Forbes
LONDON, Nov 17 (Reuters) - Ineos Group, the world's third-largest chemical group, said on Monday it had asked its banks for covenant waivers on billions of euros of senior loans until the end of May 2009. Ineos reported earnings before interest, tax ...

Water park in idea phase - Leaf Chronicle
A week after Clarksville Mayor Johnny Piper announced his intention to include a water park in plans for a marina at a redesigned Fairgrounds Park, few new details have emerged. "I've committed to providing a nice water park with nice amenities to it ...

Viewer Stories: Living Paycheck To Paycheck - WSB-TV Atlanta
The economy has caused my employer to cut me to a 3/4 worker, cutting my wages but still putting me above the line to qualify for underemployment. I've spent months searching for a new job without luck. I refuse to look beyond the tri-city area ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed 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 ...

Borse Dubai May Pay More for Credit Swap-Linked Loans (Update1) - Bloomberg
Nov. 12 (Bloomberg) -- Borse Dubai Ltd., the Gulf emirate's state-owned operator of exchanges, is in talks to refinance $4.2 billion of loans at interest rates tied to the price of credit- default swaps, raising the cost of the debt, said three ...

Presidential race tops national ballot; statewide issues addressed - Harrison Daily Times
he national ballot will be topped by the presidential race between Democrat Barrack Obama and Republican John McCain and Harrison-area voters will find Democratic U. S. Senator Mark Pryor facing an opponent, Green candidate Rebecca Kennedy, Tuesday ...

U.S. Stocks Drop; S&P 500, Dow Post Worst Retreats Since 1937 - Bloomberg
Oct. 7 (Bloomberg) -- U.S. stocks fell, sending the Standard & Poor's 500 Index below 1,000 for the first time since 2003, on speculation banks and real-estate companies are running short of money as the credit crisis worsens. Bank of America Corp ...

Victorians battle as the economy bites deeper - News.com.au
SEVEN in 10 Victorians have been affected by the global financial crisis. Job cuts, financial and superannuation losses, price rises and a slump in home values, cars and other assets have hit about 3.5 million people in the state, according to a ...

John S.W. MacDonald - New York Observer
Five hedge fund managers—including prominent liberal fundraiser George Soros—testify before a House committee that their $2 trillion industry requries more regulation. [NY Times] 7:30 a.m. to 12 p.m. Gain crucial insight into New York’s real ...

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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.

    View all Terms
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