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Congress, Bush team agree on some terms of bailout - Dallas Morning NewsWASHINGTON – Congress moved closer Monday to authorizing a $700 billion bailout of banks and other institutions crippled by bad housing investments, but sought to impose limits on executive compensation at rescued companies and wider relief for ...
Chattanoogan's Worried About Shaky Economy - WDEF Thomas Hackney, "I don't think you need to panic but I think you need to be concerned." Whether you have a job, or if you're looking for one, many people say the economy is on their mind. economic worries Thomas Hackney, "We were ...
add new comment - WDEFI don't want to see another Johnny Majors situation in Knoxville. Thomas Hackney, "I don't think you need to panic but I think you need to be concerned." Whether you have a job, or if you're looking for one, many people say the economy is ...
More Primary Articles - Nashua TelegraphThey embody four uniquely American stories. HIDALGO, Texas – As they race between Ohio and Texas in advance of their March 4 primary showdown, Sens. Barack Obama and Hillary Clinton are squaring off over who has the answer to the nation's spiraling ...
Russian markets, banks under pressure - Buffalo NewsRussia's top central banker warned Thursday the country's banking sector faces a liquidity shortage, just hours after President Dmitry Medvedev sought to restore calm to Russia's battered stock markets and boost its investment image. "The situation ...
90-year-old foreclosure victim apparently shoots self - Akron Beacon JournalAt the age of 90, Addie Polk found herself in foreclosure this week, about to be forced from the home she's lived in for nearly 40 years. So, with a gun in her hand, the Akron widow apparently shot herself in the chest Wednesday afternoon as deputies ...
FINANCIAL CRISIS - WFAAWASHINGTON – Congress moved closer Monday to authorizing a $700 billion bailout of banks and other institutions crippled by bad housing investments, but sought to impose limits on executive compensation at rescued companies and wider relief for ...
HBOS is worst hit by meltdown in markets - ScotsmanHBOS was the biggest casualty yesterday when London's leading shares plunged to a three-year low in the aftermath of the Lehman Brothers collapse. The Financial Services Authority (FSA) took the unusual step of issuing a statement supporting ...
Too Big to Suffer a Loss - Safe HavenFor the week, the Dow gained 1.8% (down 13.9% y-t-d) and the S&P500 increased 0.8% (down 14.8%). The Utilities rose 2.6% (down 14.8%), and the Morgan Stanley Consumer index gained 2.2% (down 5.1%). The Transports jumped 3.8% (up 11%), and the Morgan ...
She’s Clueless, He’s Worse - Common DreamsIgnorance is bliss, which perhaps explains Gov. Sarah Palin being so confidently wrong about the root cause of the federalization of most of the nation's mortgage market. But what is Sen. John McCain's excuse? Both act as if the financial meltdown of ...

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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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