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American Community Newspapers Inc.Receives Extension to Regain AMEX ... - Forbes
DALLAS, Sept. 30 /PRNewswire-FirstCall/ -- American Community Newspapers Inc. (Amex: ANE) ("ACN") today reported that it received an extension from The American Stock Exchange ("AMEX") to regain compliance with the exchange's continued listing ...

Insurance Regulatory Competition Key to Maximizing Consumer Benefits - Forbes
DALLAS, Sept. 30 /PRNewswire-USNewswire/ -- Despite what news reports on the recent banking and mortgage crisis would have policymakers believe, regulatory competition among financial institutions is key to enhancing companies' global competitiveness ...

Stocks snap back, but credit worries persist - Dallas Morning News
NEW YORK – Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to ...

Nancy Pelosi blamed for Wall Street bailout defeat - Times Online
It was perhaps the costliest ad lib in political history, 90 seconds of ill-judged, ill-timed bile that helped to kill off any hope of consensus on Capitol Hill. That was the charge against Nancy Pelosi after Congress’s rejection of the $700 ...

Assured Guaranty Corp. Guarantees $130 Million of Convertible - MSN MoneyCentral
Assured Guaranty Corp. ( “ Assured ” or the “ Company ” ), the triple-A rated financial guaranty subsidiary of Assured Guaranty Ltd. AGO , announced today that it guaranteed $130 million of convertible capital appreciation bonds for the North ...

Another attempt to deflect blame - Dallas Morning Views Blog
I am beginning to hear the drivel that the Community Reinvestment Act caused the financial crisis. Let's be brutally honest. It's far more complicated than that. If poor people got loans that they shouldn't have gotten, then a bunch of rich people ...

Investors ready to snap up distressed assets, hoping to cash in later - Dallas Morning News
The worst financial crisis since the Great Depression? For some deep-pocketed Dallas investors, that's like ringing the dinner bell. Two decades after a savings and loan debacle flattened some North Texas fortunes – and fattened others – fresh ...

Financial-bailout rejection by Congress poses new concerns - Catholic News
WASHINGTON (CNS) -- To those entrusted with husbanding the financial portfolios of Catholic foundations and institutions, the Sept. 29 rejection by the U.S. House of a $700 billion package to shore up the nation's financial systems posed new concerns ...

Wells Fargo still waiting for right deal - MSNBC
Wells Fargo & Co Chairman Richard Kovacevich says he feels like a kid in a candy store. But he's taking his time to decide what to buy. The San Francisco-based bank looked at Wachovia Corp and Washington Mutual Inc this ...

Home prices fall by sharpest rate ever in July - Detroit News
NEW YORK -- A closely watched index released Tuesday showed home prices tumbling by the sharpest annual rate ever in July, and though the monthly rate of decline is slowing, there is no turnaround in sight. The Standard & Poor's/Case-Shiller 20-city ...

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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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