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News about Mortgages:
Treasurys Soar, As Investors Flock to Liquidity and Safety - Wall Street JournalInvestors continue to shove their money aggressively into the U.S. government bond market, and the longer-dated securities are seeing more interest when viewed against shorter-dated securities. This reflects growing expectations for an extended ...
Fannie Mae, Freddie Mac Debt Yield Spreads Narrow (Update1) - BloombergOct. 21 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac corporate bonds fell from record highs relative to U.S. Treasuries after the companies' regulator said the government stands fully behind the debt. The difference between yields on ...
UPDATE 3-MOVES-CIT Group, Jeffries, Pali Capital - ReutersOct 3 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, please e-mail moves@thomsonreuters.com. Kelly R. Holloway has joined as a senior vice president in the Jefferies ...
Con man raked in $115,000 - Mansfield News JournalCINCINNATI -- Fedel James was many things to different people. To Greenhills' Howard Jones, James was an author and business partner who was going to help make both of them rich. To National City Bank, he was a valued customer with a business account ...
Coffee Break: It's official -- Gusmus will direct FTN's capital ... - Memphis Commercial AppealFirst Horizon National Corp. has dropped the "interim" from Frank Gusmus' job title. That makes him president of FTN Financial , the Memphis-based company's capital markets business. Gusmus, 54, had been interim president since Mark Medford left that ...
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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