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Mortgage rates pull in borrowers - Raleigh News & ObserverFed's pledge to buy up debt is 'wonderful gift' for Triangle lenders Many Triangle mortgage lenders were busier in the past two days than they've been in months. The flurry of activity was brought on by the 30-year fixed mortgage rate dropping to 5 ...
Bank puts hold on sale of Veillette house - Dayton Daily NewsMASON — Contractors have erased the scorched facade and boarded up windows on the Mason home that was the scene of a quintuple murder early this year, but the two-story still is not ready for the auction block. The house was set to be sold at a ...
Holding A Candle To Buffett - ForbesLike everyone else, Warren Buffett 's equity portfolio, year-to-date, has sustained serious damage. Not to worry! Unlike headmen at banks, brokerage houses and insurance conglomerates, nobody's throwing Warren out of his house (I assume no mortgage ...
Financial services companies are consolidating - The AustralianMortgage Choice, RAMS, Wizard and others have expanded to meet the demand for credit from the proliferation of non-bank credit providers -- until recently. There's no escaping the brutal reality of the credit crisis: it's hitting the big banks hard ...
$700B bailout needs better oversight - auditor - CNN MoneyNEW YORK (CNNMoney.com) -- The first official review of the federal government's $700 billion financial rescue plan said Treasury has yet to address "critical" oversight issues to ensure the plan is working. The Government Accountability Office's ...
Defaults on prime loans spread - Idaho StatesmanBy this year, the bleeding housing market had drained the equity from Judy Jones' home in Murrieta, Calif. But her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875 percent, unlike the shaky ...
Bank adds to opinions on shallow housing dip - The ProvinceCanada's housing boom is over, but a growing body of forecasts is leaning to the downside of the real estate cycle being shallow rather than deep. The latest assessment from Scotiabank Economics predicts price corrections in the 10-to-15-per-cent ...
Foreclosures, delinquencies skyrocketing among 'prime' borrowers - Los Angeles TimesBy this year, the bleeding housing market had drained the equity from Judy Jones' home in Murrieta, but her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875%, unlike the shaky, variable-rate ...
Foreclosures, Delinquencies Among 'Prime Borrowers' Are Skyrocketing - Free Internet PressBy this year, the bleeding housing market had drained the equity from Judy Jones' home in Murrieta, but her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875%, unlike the shaky, variable-rate ...
Housing crisis spills into ‘prime’ market (LAT-WP) - PeninsulaBy this year, the bleeding housing market had drained the equity from Judy Jones’ home in Murrieta, California, but her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875 percent, unlike the ...
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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