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Falling property values hit European bonds - Financial TimesBonds backed by loans to office blocks and retail parks in Europe took a serious turn for the worse in the third quarter and coming months are expected to bring further adverse developments, according to Moody’s. The bankruptcy of Lehman Brothers ...
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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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