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News about Mortgages:
Franklin Bank Corp. Announces Anticipation Date for Filing 2007 Annual ... - MSN MoneyCentralHOUSTON, Sept. 11, 2008 (GLOBE NEWSWIRE) -- Franklin Bank Corp. (Nasdaq:FBTX) (AMEX:FBK-P.LF) ("Franklin") anticipates filing its Annual Report on Form 10-K for the year ended December 31, 2007 (the "Form 10-K") and its Quarterly Report on Form 10-Q ...
Fact Checker - Washington Post"Obama has no background in economics. Who advises him? The Post says it's Franklin Raines , for 'advice on mortgage and housing policy.' Shocking. Under Raines, Fannie Mae committed 'extensive financial fraud.' Raines made millions. Fannie Mae ...
Countrywide, Franklin Savings Security Breach - WCPODisturbing news about two more security breaches.... that have resulted in many Tri Staters receiving a worrisome letter in the mail. Letters are going out to customers of Franklin Savings and Loan, one of Cincinnati's oldest banks. A similar letter ...
Mortgage companies paid McCain aide as advocate - International Herald TribuneSenator John McCain's campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former ...
JPMorgan Chase & Co. opens new office - Boston GlobeDespite the turmoil in the nation's financial markets, JPMorgan Chase & Co., announced that it is opening a residential mortgage office in Boston's South End neighborhood. John Hopkins, a South End resident, was selected to manage the office, which ...
'08 Campaigns Target 'Advisors' - ABC NewsBarack Obama's foes sought to sully the Democratic presidential nominee on Thursday by alleging in a new television ad that he takes advice from former Fannie Mae executive Franklin Raines. "Obama has no background in economics. Who advises him? The ...
Lehman Bros. was big, early supporter of subprime lending - Los Angeles TimesLehman Bros. was an early and enthusiastic backer of subprime lending. It purchased the mortgages and used pools of the loans to back complex bonds, many of which were sold overseas. Merrill Lynch came onto the scene later. After the late-1990s ...
McCain hits Obama on Fannie Mae ties - Boston GlobeJohn McCain unveiled a new TV ad this afternoon that tries to paint Democratic rival Barack Obama as so inexperienced on the economy that he has to listen to shady characters. "Obama has no background in economics," the announcer says. "Who advises ...
Ahead of the Bell: KBW downgrades Huntington - ForbesKeefe, Bruyette & Woods analyst Robert Hughes on Wednesday downgraded the shares of Huntington Bancshares Inc. to "Underperform" from "Market Perform," on expectations for decaying credit trends. "We anticipate worsening delinquencies, declining ...
Economy takes center stage in bruising political ads - CNNThe McCain campaign released an ad linking Obama to former Fannie Mae CEO Franklin Raines. "Who advises him?" the female announcer says. "The Post says it's Franklin Raines, for 'advice on mortgage and housing policy.' "The Washington Post quote ...

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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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