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News about Mortgages:

Woman Pleads Guilty To Mortgage Fraud - ABC2 News
Federal prosecutors say a Hyattsville woman pleaded guilty to conspiring to defraud homeowners facing foreclosure. Thirty-one-year-old Carlisha Dixon pleaded guilty Thursday to conspiracy in a scheme that falsley promised to help homeowners keep ...

Mortgage Fraud - WUSA
GREENBELT, Md. (AP) -- Federal prosecutors say a Hyattsville woman has pleaded guilty to conspiring to defraud homeowners facing foreclosure. Thirty-one-year-old Carlisha Dixon pleaded guilty on Thursday to conspiracy in a scheme that falsely ...

Emergency Mortgage Help For Marylanders - WUSA
LANHAM ,Md. (WUSA) -- The number of Maryland homeowners facing foreclosure has doubled from May to September but help is on the way. Today...Governor Martin O'Malley announced an agreement with six key lenders in the state to try and keep more people ...

Waiting for the floor - Washington Business Journal
Real estate agent Toby Victor helped the owner of this house at 1210 Fiji Ave. in Hyattsville avoid foreclosure by arranging a 'short sale,' which enabled the house to be sold for less than the amount owed on the mortgage. As banks slash prices to ...

Md., Lenders Make Deal To Assist Homeowners - Washington Post
Responding to the surge in mortgage delinquencies, Gov. Martin O'Malley will announce an agreement today with six loan service companies to provide help to homeowners before they lose their properties. "These agreements are one important component in ...

Leaders seek answers to mortgage crisis - Sentinel
Sen, Barbara Mikulski (D-Md.) held a special panel discussion in Prince George's County last Thursday to get an understanding of how big of a problem the housing bust is. "I'm trying to figure out what I should be doing," she said as she sat around ...

Barack Obama asks internet users to e-mail their policy ideas - Times Online
Barack Obama launched the official website for his transition to the White House today, inviting users to send in their ideas for the future of the country. It is a ploy that he hopes will harvest tens of millions of e-mail addresses while giving ...

Hard times at nonprofits - Gazette
"The resource center is holding our breath," says Marti Worshtil (right), executive director of the Prince George's Child Resource Center, here with Ashley Majia, 10 months, and Ashley's mother, Sandra Ramirez of Hyattsville. "Our program officer has ...

Sources: Gov't prepares loan modification plan - Denver Post
Homeowners gather outside the Fannie Mae building in northwest Washington, Wednesday, Oct. 29,2008, during a symbolic protest of eviction from home loan foreclosures. WASHINGTON—The government is considering a plan that would help around 3 million ...

Video Games: The Way Wii Were - Baltimore City Paper
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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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