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Partnership mortgages - Worcester Telegram & Gazette
WORCESTER — Living in a small apartment in Clinton with a baby on the way, Arlin N. and Abel N. Herrera knew they wanted to move soon. The couple had thought about buying a home, but assumed it would be years away while they saved their money. But ...

City's housing market hammered in fallout from woeful economy - New York Daily News
Home sales in Queens have dropped 48.4% in the last four years. The housing crisis has arrived for middle class New York . The perception that New York largely dodged the housing bust bullet may be true in Manhattan , but in the working-class outer ...

Pawnshops see surge in well-to-do clients - Baltimore Sun
PHILADELPHIA - At Society Hill Loan, a pawnshop in a middle-class neighborhood here, a steady rain fell outside as a fashionably dressed young man parked his Cadillac Escalade outside. Looking around warily, he came in to speak with Nat Leonard, co ...

Madoff scandal, SEC role under scrutiny - Seattle Post Intelligencer
Allan Goldstein, a retiree and investor with Bernard L. Madoff Investment Securities, testifies before the House Committee on Financial Services, Monday, Jan. 5, 2009, on Capitol Hill in Washington. (AP Photo/Haraz N. Ghanbari) WASHINGTON -- Two more ...

Falls puts brakes on 2 outdoor projects - Buffalo News
NIAGARA FALLS — Two downtown projects that involve properties owned by Joseph M. Anderson have hit unexpected snags. A project to build a snow tubing hill and synthetic ice rink two blocks from the Rainbow Bridge will need more extensive city ...

Top news stories of 2008 - Ellis County Press
Republican precinct chart included upcoming primary races as Wilmer city administrator Thom Lauer received checks while his mother-in-law was on the council, according to allegations included in grand jury documents. Ramsey’s race for DA started ...

Make Sure that Our Country Does Not Become Detroit - Huffingtonpost.com
Yesterday, Barack Obama told the leaders of the Congress that the economy is very bad and getting worse. The president-elect's words of warning about the future of the economy is already a present reality for many Americans. The challenge for our ...

2008: The absurd - Crain's Detroit Business
That's about the best that can be said for 2008, a bad year by any account. It began in January — when else would it begin? — with the news that Mayor Kwame Kilpatrick had lied under oath about an affair with chief aide Christine Beatty, and it ...

The year in review - Evanston Review
Jay Terry (right), former head of Health and Human Services for Evanston, smiles as he receives a plaque from Evanston fire chief Alan Berkowsky during his retirement party. (Jason Brown/Staff Photographer) The rising tide of home foreclosures hit ...

Band draws drummer out of the suburbs - Kansas City Star
Steve DiFranco will soon leave Leawood to join up with ska band Bad Manners for concerts across the United States. At first, Steve DiFranco laughed in his office cubicle last week when the e-mail popped up on his computer: Would you like to join us ...

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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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