Salem Mortgage Rates and Information Online from competing Lenders

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FDIC will guarantee up to $1.4T in bank debt - WFMJ.com
WASHINGTON (AP) - Federal regulators will guarantee as much as $1.4 trillion in U.S. banks' debt as part of the government's bid to get the distressed financial system pumping again. They're also taking steps to make it easier for private investors ...

Neglectful landowners to be fined? City aims to crack down on ... - Salem News
SALEM — Police say the home on Palmer Street shows all the signs of neglect: graffiti, broken windows, overgrown grass and debris in the yard. The homeless have been using it for shelter, and with winter on the way, police are concerned more will ...

Community Heroes helps public servants get mortgages - Statesman Journal
SALEM — National City Mortgage has started a program intended to help many public servants get mortgages. The company's Community Heroes initiative is for teachers and education administrators, firefighters, health-care workers, law enforcement ...

E. Kentucky routs Winston-Salem 69-44 - Buffalo News
RICHMOND, Ky. (AP) - Mike Rose scored 20 points and hit six 3-pointers to lead Eastern Kentucky to a 69-44 win over Winston-Salem State on Tuesday night. The Colonels (1-1) connected on nine shots from long range, including five in the second half ...

Today's headlines: Salem-based retirement company having problems - Oregonian
This is the sort of story that, unfortunately, keeps happening. But somehow, it always shocks us when it does. On the front page of The Oregonian this morning, you'll find a story by reporter Jeff Manning about an investigation into the theft of ...

Tough economy: Here's how Bakersfield folks would solve the nation's ... - Bakersfield Californian
The teetering economy and its see-saw riders, fear and uncertainty, have made for interesting times, and it’s hard to know what will happen next. Debbie Moreno, president and chief executive, Greater Bakersfield Chamber of Commerce. Photo by Felix ...

Case over for blast victims - Boston Globe
Karen Savini saw two homes destroyed in a chemical explosion at a factory in Danversport two years ago, costing her thousands of dollars and saddling her with several hundred thousand dollars in new mortgage debt. But she expects to get only about 20 ...

COMMON PLEAS - Salem News Online
RBS Citizens v. John and Donna Schlueter of New Waterford, etc; foreclosure sought against property on Pinewood Drive, New Waterford. Kimberly and Paul Jarvis Jr. of Hanoverton v. Wells Fargo Bank, etc; lawsuit alleges the actions of the bank and two ...

Vancouver’s ‘Birdman’ could lose nest - Columbian
Christopher Driggins loves birds but has found it’s not lucrative. His nonprofit organization accepts pet birds that need a home. After a year of unemployment he’s 10 months behind on his mortgage. (Photos by Steven Lane/The Columbian) Tarzan, a ...

Our view: No victims here but the taxpayers - Eagle-Tribune
It is interesting to see and hear readers' comments on our Sunday story concerning a Haverhill woman and the worldwide financial crisis triggered by failed mortgages. Some readers posting on our Web site and others calling our office questioned ...

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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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