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Late Workers, Students Get Notes Blaming NY Subway - First Coast News
NEW YORK (AP) -- People late for school or work because of New York City subway delays can get notes from the transit agency to give to their teachers or bosses. The New York City Transit division says it gives passengers the notes so they can prove ...

Letter: Lenders must act to stop foreclosures - Eagle-Tribune
Sometimes it takes a little common sense to solve a problem. I believe a little common sense is what is needed to help solve the worst economic downturn that I have seen in my lifetime as well as the foreclosure nightmare that we are facing not only ...

Mortgage brokers closing doors in wake of credit crunch - Birmingham Business Journal
The tightened credit market and current housing slump in the Birmingham- Hoover metro area have forced several local mortgage brokers to shutter their businesses. Since loan volumes in the market drastically decreased, Accept Plus Mortgage LLC, which ...

NOTICE OF MORTGAGE FORECLOSURE SALE - Republican-Eagle
THAT no action or proceeding has been instituted at law to recover the debt secured by said mortgage, or any part thereof; that there has been compliance with all pre-foreclosure notice and acceleration requirements of said mortgage, and/or ...

Swanson proposes "Homeowner-Lender Mediation Act" - Princeton Union Eagle
Attorney General Lori Swanson wants to model a home foreclosure prevention program after one proven successful in keeping farmers on the farm. Swanson today (Thursday, Nov. 20) proposed the “Homeowner-Lender Mediation Act” as a means of providing ...

Berkshire County Real Estate Transactions - Berkshire Eagle
Wells Fargo Bank National Association, Countrywide Home Loans Servicing LP, Securitized Asset-Backed Receivables LLC 2005-Fr3 Mortg and Countryside GP LLC sold property at 47 Valley St., Adams, for $59,900 to Stephen T. Meczywor. Federal National ...

Dave Says: Bad buyer program; pay cash for your cars - Eagle-Tribune
My husband and I have been married for three months, and we're debt-free. Right now, we're trying to save up a 20 percent down payment for a house. I work for a real estate company, and they're really pushing us to take advantage of a first-time ...

Government plans new credit, mortgage programs - Reading Eagle
WASHINGTON - The government introduced a pair of new programs Tuesday that will provide $800 billion to help unfreeze the market for consumer debt and to make mortgage loans cheaper and more available. The new programs from the Federal Reserve and ...

Fed says it will buy mortgage-related assets - Reading Eagle
WASHINGTON - The Federal Reserve says it will buy up to $600 billion in mortgage-backed assets in another attempt to deal with the financial crisis. The Fed says it will purchase up to $100 billion in direct obligations from mortgage giants Fannie ...

Reading, writing — and cheating - Berkshire Eagle
NEW YORK — In the past year, 30 percent of U.S. high school students have stolen from a store and 64 percent have cheated on a test, according to a new, large-scale survey suggesting that Americans are too apathetic about ethical standards ...

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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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