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News about Mortgages:
For troubled homeowners, Countrywide deal offers hope - Herald TribuneHundreds of troubled Countrywide mortgage holders in Manatee, Sarasota and Charlotte counties could qualify for relief under a $1 billion settlement announced by Florida officials on Monday. TAFF PHOTO/ROB MATTSON The Bank of America building is ...
FBI arrests man for half-dozen bank heists - Modesto Beehttp://www.ocregister.com The FBI has arrested a ballcap-wearing bank robber dubbed the "assistant coach bandit" - and he's a coach. James Ramsdell, a former subprime mortgage broker who coaches Orange County youth baseball and soccer teams, was ...
General Growth's Slump Shows Debt Risk for U.S. REITs (Update1) - BloombergOct. 3 (Bloomberg) -- General Growth Properties Inc. lost more than 86 percent of its market value in the past year as investors punished the mall owner for the loans it has coming due. There may be more around the corner for other landlords. Maguire ...
How Countrywide-BofA mortgage settlement helps California homeowners - San Francisco GateMonday, October 6, 2008 The pact stems from cases filed earlier this year by California and other states, alleging the Calabasas (Los Angeles County) lender used misleading advertising and unfair business practices to dupe customers into taking out ...
Little to cheer about as Big Orange Index worst since '91 - Orange County RegisterEven our fun is slowing down. Spooked Orange County consumers have put their wallets in lockdown mode -- even cautiously attending local entertainment venues. Healthy crowds for games or rides are about all one can cheer about. The latest edition of ...
Dow Drops More Than 500 Points - Central Florida News 13NEW YORK -- After trading in a narrow range earlier Tuesday morning, stocks are further extending their losses in afternoon trading, with the Dow Jones Industrial Average more than 500 points lower than Monday, when it dipped below 10,000 points for ...
PM branded as banks' buddy - Central Western DailyAS DESPERATE home owners hold their breath for an interest rate drop on Tuesday, the Federal Opposition has demanded the Government and banks explain themselves if the full cut is not passed on. The Reserve Bank is likely to deliver an interest rate ...
Meltdown shaking up global economy - Charleston Daily MailLast week, political leaders said the financial system would collapse unless they passed a $700 billion rescue package for Wall Street. On Monday, the first day of trading after the plan passed, the financial system continued to melt down anyway ...
Will Bailout Be Enough? - Free Internet PressLast week, the nation's political leaders said the financial system would collapse unless they passed a $700 billion rescue package for Wall Street. On Monday, the first day of trading after the plan passed, the financial system continued to melt ...
If Only They Could All Vote - NationThe outcome of the presidential race -- as well as the resolution of the economic crisis -- will have major implications around the world. So the Economist magazine has decided to poll the world, country-by-country, to try to get a sense of where the ...

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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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