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Iceland's banking crisis deepened today after the country's biggest ... - Herald
Kaupthing, whose UK investment banking arm was put into administration yesterday leaving around 800 staff in limbo, is now in the hands of the Icelandic Financial Supervisory Authority. The country's government has already seized control of rivals ...

Iceland's bank crisis: Kaupthing taken over by Government - Herald
Iceland's banking crisis deepened today after the country's biggest bank was taken over by the Government. Kaupthing, whose UK investment banking arm was put into administration yesterday leaving around 800 staff in limbo, is now in the hands of 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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