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Market latest: Australia - ninemsn
SYDNEY, Dec 2 (Reuters) - Australia's central bank cut its key benchmark cash rate by 100 basis points to 4.25 percent on Tuesday, the fourth easing in as many months, as it battled to save the economy from a global recession. The Reserve Bank of ...

Mortgage crisis' next stage looms Owners of malls, hotels about to ... - FortWayne.com
WASHINGTON — The full scope of the housing meltdown isn’t clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in ...

PROPERTY TRANSFERS: Nov. 17- 22, 2008 - Glasgow Daily Times
Aubrey H. Carver, Aubrey Wayne Carver and Mae Dean Carver, 11.17 acres on Capitol Hill Road, to Aubrey Wayne Carver and Mae Dean Carver. David and Diana Saylor, 2 tracts on Bluff Springs Road, to Donny D. Wright, $76. Carla W. Allen, Master ...

Possible foreclosure latest misfortune to hit Easton family as it ... - Enterprise
On the green door of the old white farmhouse on Foundry Street where Danielle and Brittany Cann live with their parents and four siblings, someone has posted a good-natured warning sign: “Caution: Family of 8. Help!” On Tuesday afternoon ...

Cause and Effect - American Enterprise Institute
Although the media are full of talk that we face a "crisis of capitalism," the underlying cause of the financial meltdown is something much more mundane and practical--the housing, tax, and bank regulatory policies of the U.S. government. The ...

Reserve's '$10bn cut' to stave off recession - The Australian
The Australian's Michael Stutchbury says that the latest rate cut should be the RBA's last significant rate reduction. On the eve of the Rudd Government's recession-busting fiscal stimulus package delivering almost $10 billion into the bank accounts ...

Murder victim’s kin spared foreclosure - Enterprise
Teenagers Danielle and Brittany Cann, who survived being shot in the head by their mother’s boyfriend in Norton 16 months ago, were spared the foreclosure of their family’s home at 574 Foundry St. this afternoon. Commonwealth Auction Associates ...

Glenbrook owner gets two-week debt extension - FortWayne.com
CHICAGO — General Growth Properties Inc., the owner of Glenbrook Square, has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping-mall owner works to stave off bankruptcy and negotiate longer-term ...

Man accused of being phony lawyer to stay home - In-Forum
BISMARCK, N.D. Given a choice between home confinement and jail, a man accused of impersonating a lawyer agreed to stay in his Duluth, Minn., home until his trial on federal charges of mail fraud and making false statements. Howard O. Kieffer, 53, is ...

Recovering sisters face new crisis - Boston Globe
EASTON - The family of two teenage girls who were shot in the head and left for dead last year has been caught in the nation's foreclosure crisis: The old farmhouse they rent here is scheduled to be sold at auction next month. Danielle and Brittany ...

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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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