Cement City Mortgage Rates and Information Online from competing Lenders

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Phil Ruffin, who started his business empire with a gas station, sold the New Frontier for $1.2 billion. He’s now using some of that money to buy Treasure Island from MGM Mirage and says he can run the resort profitably in a down economy because he ...

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President-Elect Barack Obama made only one visit to Memphis in 2008 -- a quick stop en route to the presidential debate at the University of Mississippi. He did not deliver a single campaign speech in the nation's 18th-largest city during his ...

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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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