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Cumberland hits lull in high rate of foreclosures - Atlantic City Press
BRIDGETON - No sooner had Cumberland County sheriff's foreclosure clerk Christine Platania attached more wall-mounted clips to accommodate the sale notices in her office last month than rows of them were empty again. "For months, wherever I had space ...

Lacker Urges Privatizing Fannie, Freddie in Clash With Paulson - Bloomberg
Aug. 20 (Bloomberg) -- Jeffrey Lacker became the first Federal Reserve official to clash publicly with the Bush administration's strategy of trying to shore up support for Fannie Mae and Freddie Mac as federally backed private firms. The comments by ...

Analyst Actions: Lehman, Wellcare, Dick's Sporting Goods - BusinessWeek
JPMorgan analyst Kenneth Worthington says the credit environment continues to be difficult, exacerbated by a slowdown in execution and origination. He says Lehman Brothers Holdings ( LEH ) continues to have significant exposure to mortgages and asset ...

Financial Crisis Is Expected To Bring More Big Shocks - CNBC
"I think the financial problem is halfway through the cycle," David Kotok, chairman and chief investment officer from Cumberland Advisors, told CNBC. "There's another shoe to drop ahead of us and it could be more severe." [ WB   Loading ...

Fed's Lacker Clashes With Paulson on Fannie, Freddie (Update2) - Bloomberg
Aug. 19 (Bloomberg) -- Richmond Federal Reserve Bank President Jeffrey Lacker called for ``demonstrably'' privatizing Fannie Mae and Freddie Mac , becoming the first Fed official to publicly clash with the Bush administration's strategy of keeping ...

Financial Crisis Could Get Much Worse, Experts Say - CNBC
The year-old financial crisis is not only far from over but could actually get much worse, bringing more big shocks to the US economy and stock market, a host of experts said Monday. "I think the financial problem is halfway through the cycle," David ...

Is Credit Crisis Only 'Halfway Through'? - AOL
(Aug. 18) - The year-old financial crisis is not only far from over but could actually get much worse, bringing more big shocks to the U.S. economy and stock market, a host of experts said Monday. Among the predictions: the failure of some of the ...

Tennessee News - WATE
An investigation into a state trooper has found that he accessed background information on 182 people. Former Hawkins County math teacher and basketball coach Michael Eugene Noel, 38, has been sentenced to 26 years in prison for having over 9,000 ...

Missed today's Sunrise Herald? Click here - Portland Press Herald
pressherald.com. It is updated at 6, 7, 8 and 9 on weekdays. Welcome to the Sunrise Herald with Giselle Goodman, the place to go to get the news from overnight and onward... HIGHLIGHTS FROM BEIJING: Our Sports Reporter Mike Lowe, who is covering the ...

80 FAMILIES LOSE HOMES - News and Star
NEARLY 80 families in Carlisle were ordered out of their homes during a three month period which saw a 72 per cent rise in repossessions compared to last year. The shocking Government figures are the latest illustration of the human cost of 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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