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News about Mortgages:
FDIC's Bair warns investors fighting loan changes - SalonDec 4th, 2008 | WASHINGTON -- Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday. Sheila Bair, the chairman ...
Germany's BayernLB Gets $39 Billion Lifeline - CNBCGermany is mounting a 30 billion euro ($39 billion) rescue of stricken state lender BayernLB in one of the biggest emergency packages in Europe since the global financial crisis began. The country has been one of the worst affected by the storm ...
HuffPost Readers Blog The Meltdown - Huffingtonpost.comWe've pulled together a selection of some of the standout stories to share with the rest of our readers -- both to do our part to document the downturn and to make sure that everyone out there feeling the financial pressure knows that they are not ...
Swan seeks rate cuts for credit cards - ninemsnTreasurer Wayne Swan has rejected comments by the boss of one of the country's leading retail banks that credit cards are a "sideshow" when it comes to interest rate reductions. National Australia Bank chief executive Ahmed Fahour has said there is a ...
German carmakers face up to worse ever downturn - Monsters and CriticsBerlin - The German car market is facing its worse downturn, the nation's auto industry association warned Wednesday as the deepening sense of economic gloom in the country leads to a shakeout in the industry and the prospects of big job cuts. The ...
Man found with mum's skeleton in home - ninemsnPolice investigating a foreclosed Los Angeles house found the skeleton of an elderly woman, apparently dead for two years, who had lived there with her 48-year-old son. Coroner's officials said they were trying to identify the woman they believe was ...
Europe Stocks, U.S. Futures, Bonds Advance; Pound, Euro Drop - BloombergDec. 4 (Bloomberg) -- European stocks , U.S. index futures and government bonds advanced, while the pound and the euro fell as investors speculated central banks will keep cutting interest rates to revive economic growth. Credit Suisse Group AG ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Barclays, which recently acquired most of the North American operations of Lehman Brothers Holdings, today announced the new leaders of its ...
US army deserter applies for asylum in Germany - SalonDec 2nd, 2008 | BERLIN -- A U.S. soldier who deserted after serving in Iraq declared Tuesday he has applied for asylum in Germany. Army Spc. Andre Shepherd said he deserted from his unit's Katterbach base in April 2007 after returning from a six ...
European stocks and bonds gain on rate cut expectations - International Herald TribuneLONDON : European stocks, U.S. index futures and government bonds rallied Thursday, while the pound and the euro fell as investors speculated that central banks would keep cutting interest rates to revive economic growth. Credit Suisse, Société ...
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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