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What the rates cut means for you - News.com.au
Email article Printer friendly Text size + - Share Add to Digg Add to del.icio.us Post to NewsVine Post to Facebook What are these? WHAT does the Reserve Bank cut mean for you, and what are the repercussions for the economy? Nick Gardner investigates ...

NSW revenue dip due to rate rises :Swan - ninemsn
The economic dive in NSW is the result of 10 consecutive interest rate rises, Treasurer Wayne Swan says. New NSW Premier Nathan Rees has warned that cutbacks in areas such as capital works would be necessary to address the state's revenue crisis. Mr ...

GMAC Mortgage unit to dismiss 5,000, shut 200 offices - Evening Star
(Bloomberg) - GMAC LLC and its Residential Capital LLC home-loan unit plan to dismiss 5,000 employees, or 60 percent of the unit's staff, and close all 200 GMAC Mortgage retail offices because of weak real-estate markets. The first 3,000 job cuts ...

Wayne T Gilchrest - Baltimore Sun
It should come as no surprise that Rep. Wayne T. Gilchrest is supporting Democrat Frank M. Kratovil Jr. in the 1st District congressional race ("Gilchrest backs Kratovil for House," Sept. 3). Mr. Gilchrest won his elections as a Republican but often ...

Don't be quick to fix loans as rates to keep dropping - News.com.au
VICTORIAN house hunters have been given a new headache with last week's interest rate cut leaving them tossing up between fixed and variable loan deals. First-home buyers and those wishing to re-finance have been forced to look hard at the fine print ...

Detroit mayor ends sex scandal with deal to leave office - Houston Chronicle
Detroit Mayor Kwame Kilpatrick sits in Wayne County Circuit Court in Detroit today. DETROIT — Mayor Kwame Kilpatrick was bounced from office Thursday in a deal with prosecutors that will send him to jail and put an end to the sex scandal that ...

Payrolls drop nationally, unemployment at 6.1% - Evening Star
(Bloomberg) - The U.S. lost more jobs than forecast in August and the unemployment rate climbed to a five-year high of 6.1 percent, a sign that the economic slowdown is worsening two months before Americans elect their next president. Payrolls fell ...

Canadians support government's handling of economy: Flaherty - Globe and Mail
David Hogg from Victoria, Canada writes: Mr. Flaherty and his cabinet colleagues are economic heroes and legends in their own tiny little minds. The biggest difference in the US economy and ours is reflected in the mortgage market and housing market ...

McCain's Annoying Little Fraud - Slate
( Pierre, S.D .) McCain would like everyone to think his campaign imploded last summer because of his courageous support for the surge in Iraq : I fought for the right strategy and more troops in Iraq, when it wasn't a popular thing to do. And when ...

Cockrel: Kilpatrick can stay longer in Manoogian - Detroit News
DETROIT -- After a day of conflicting statements, City Council President Kenneth V. Cockrel is now willing to give more time for Mayor Kwame Kilpatrick to move out of the Manoogian Mansion once he resigns, a Cockrel aide said late Friday afternoon ...

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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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