Capitol Mortgage Rates and Information Online from competing Lenders

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Financial News
Kashkari: Treasury considering mortgage rate plan - Associated Press
WASHINGTON (AP) -- The head of the government's financial system rescue effort said Thursday the Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market. Under the ...

Auto chiefs find Congress a hard sell on financial help - New London Day
From left, General Motors Chief Executive Officer Richard Wagoner, UAW President Ron Gettelfinger, Ford Chief Executive Officer Alan Mulally and Chrysler Chief Executive Officer Robert Nardelli testify Thursday on Capitol Hill before the Senate ...

Analysis: Avoiding blame in auto industry crisis - WTOP Radio
Auto executives, from left, General Motors Chief Executive Officer Richard Wagoner, UAW President Ron Gettelfinger, Ford Chief Executive Officer Alan Mulally, and Chrysler Chief Executive Officer Robert Nardelli testify on Capitol Hill in Washington ...

Foreclosures looming for businesses - Capitol Hill Blue
Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the ...

Premarket roundup: Autos, housing - CNBC
NEW YORK (AP) — As executives for the U.S.-based automakers return to Capitol Hill Thursday it's uncertain if they'll get the full financial bailout that they've asked for, though an analyst thinks General Motors Corp. and Ford Motor Co. could be ...

Treasury May Seek Rest of Bailout Funds - Smart Money
WASHINGTON (Dow Jones) -- U.S. Treasury Secretary Henry Paulson is debating whether to ask Congress for the second installment of the $700 billion bailout package, concerned about competing demands for the funds and a potentially hostile reaction ...

Area's lawmakers take oath of office - Woodland Daily Democrat
New senators, including 5th District Sen. Lois Wolk, center right, take the oath of office from Appeals Court Justice Arthur Scotland, during a swearing in ceremony at the Capitol in Sacramento on Monday. (Steve Yeater/The Associated Press ...

Big Three brass still find little sympathy - Athens Banner-Herald
From left, General Motors Chief Executive Officer Richard Wagoner, UAW President Ron Gettelfinger, Ford Chief Executive Officer Alan Mulally and Chrysler Chief Executive Officer Robert Nardelli appear Thursday on Capitol Hill during a Senate Banking ...

Tips to Plan Your Trip for the Obama Inauguration - ABC2 News
Planning your trip to the inauguration? An estimated four million of your fellow citizens are considering the trip to Washington D.C. to see America's first black president take the oath. But not so fast! The Joint Congressional Committee on ...

Sen. Richard Shelby: Auto industry bailout pitch 'disturbing' - Everything Alabama Blog
Associated Press Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., left, and the committee's ranking Republican, Sen. Richard Shelby, R-Ala., listen to testimony on Capitol Hill in Washington, Thursday, Dec. 4, 2008, during the ...

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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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