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News about Mortgages:
San Miguel Corp. takes over control of Petron - Manila TimesSoutheast Asia’s largest food and beverage conglomerate took control of the Philippines’ largest oil refinery, when it announced Friday that Ramon Ang would be its new chairman and chief executive officer. Ang is also president and chief ...
Business Bankruptcies - Minneapolis Star TribuneThis is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case number. A Chapter 7 petition is for liquidation of the businesses; Chapter 11 (or ...
Country jolted by major quake - AM Costa Rica(Posted at 2:05 p.m. and updated at 3:55 p.m.) A 6.2 magnitude earthquake hit north of the Central Valley this afternoon at 1:21 p.m. and set streets and buildings in motion. There were injuries, and in the late afternoon two children and an adult ...
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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