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Down economy may be causing more to stay up nights - PhysOrgThere are no sheep keeping Mari A. company at bedtime. Rather, she counts thoughts of layoffs, mortgage payments and plummeting stocks. Her insomnia started back in November, when the economy hit a critical low. Restless, she manages to fall asleep ...
Selling off assets - MSNBCAnother way to shore up retirement accounts is selling off assets, including cars, second homes, stocks and expensive jewelry. They often have emotional attachments that don't match their resale values. "Spending was really the norm for (baby boomers ...
Plan B for retirees who counted on home equity - San Francisco GateFriday, January 2, 2009 Many Americans have recently found themselves changing retirement plans after losing a substantial amount of home equity as the housing market and the overall U.S. economy struggle. These folks face years of living on fixed ...
Residential real estate - San Francisco Business Journal“You have to create a compelling reason for people to buy now,” says developer Holliday. One way to look at the future of residential real estate is in terms of the classic supply and demand dynamic, except that those two factors are unlike ...
Restarting the frozen loans market - CNN MoneyDennis and Lisa Morton, pictured with their children, had financing arranged to open a CiCi's franchise. At the last minute, the lender cancelled their loan. (CNNMoney.com) -- The government's first step toward thawing the frozen market for small ...
Wall Street signals quiet start to 2009 - Oakland PressNEW YORK (AP) — Wall Street expected to start the new year with quiet trading Friday. Stock futures showed little direction as most investors appeared to be waiting until Monday to begin 2009 trading in earnest. The final session of a holiday ...
GMAC gives up some GM car financing in rescue - Oakland PressDETROIT — GMAC will no longer have exclusive rights to provide low-interest loans to people who buy General Motors Corp. vehicles, and it will stop financing leases under a complex deal to get federal aid for the troubled lender. GMAC LLC disclosed ...
George Chamberlin's Money in the Morning - San Diego Daily Transcript"I've decided to share something very personal with the Apple community so that we can all relax and enjoy the show tomorrow," said Steve Jobs when he addressed his health situation in a message distributed this morning. Rumors have circulated for ...
San Francisco may charge motorists - Detroit NewsSAN FRANCISCO -- You've just driven from Oakland to San Francisco across the Bay Bridge and shelled out $4 for the toll. You'll be dinged upward of $30 to park for the day in the city. And, if city officials have their way, motorists could be charged ...
New archbishop of Detroit prays for 'hope' - Buffalo NewsThe new spiritual leader of the Detroit area's 1.4 million Roman Catholics is a Michigan native who is invoking a city slogan about hope as he takes charge of a region tangled in economic woes. Bishop Allen H. Vigneron said he was honored and ...
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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