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An S&L's Path To The Cliff - ForbesBoard members warned him. Employees warned him. Even mortgage brokers--not a class of people winning any citizenship awards this year--thought to double-check the math. But Maurice "Mac" McAlister would not be denied. As the folksy but strict ...
Hong Kong Home Prices May Fall More on Tighter Credit (Update1) - BloombergDec. 5 (Bloomberg) -- Hong Kong home prices, down almost a quarter from their five-year high in March, may drop further as the credit crisis drives up joblessness and threatens to spark defaults. “There’s a real lack of funds,” Leland Sun ...
Spotsy govt.-the odds & ends - Free Lance-StarWall Street's "Masters of the Universe" have now found there is indeed a limit. Unfortunately, when they fell off the cliff they dragged the rest of us with them. We've learned only too well that the road from Wall Street runs right through the heart ...
Hong Kong Home Prices May Fall More as Banks Tighten Lending - BloombergDec. 5 (Bloomberg) -- Hong Kong home prices, already down almost a quarter from their five-year high in March, may drop further as banks tighten mortgage lending on concern rising unemployment may hurt buyers' ability to repay. ``There's a real lack ...
Closed mines, broken dreams in the town that nickel built - Globe and MailSUDBURY, ONT. — When John Rodriguez became Mayor of Sudbury in November, 2006, things had never looked better for the city whose economic fortunes have always been inextricably linked to the price of nickel. The price of the metal was rocketing to ...
No heat, no lights, then no home in St. Petersburg - St. Petersburg TimesJanai Frails, 18, left, hugs her mother, Ruby Frails, 37, who is crying after finding out Wednesday that St. Petersburg officials would help her return to Rhode Island. “I’m going home,” she said. The city forced out residents at JMS Hotel. ST ...
National Credit Union Leader to Receive Prestigious Ned Gramlich ... - CSR Wire(CSRwire) NEW YORK, NY. - Opportunity Finance Network (OFN) announced today that Cliff Rosenthal, a champion of credit unions serving low-income people and communities, will be the recipient of the second annual Ned Gramlich Lifetime Achievement ...
WRAPUP 1-Australia economy injured as vehicle sales crash - FXStreet.comSYDNEY, Dec 4 (Reuters) - Australia's vehicle sales drove off a cliff in November as skittish consumers shied away from big purchases, pointing to a miserable fourth quarter for consumption which could well tip the economy into outright recession ...
Fed Voodoo Working? 30-Year-Fixed Falling (Briefly) - Seekingalpha.comThe Fed rate voodoo seems to currently be working, with the latest scheme to buy back GSE-insured paper turning into falling mortgage rates nationwide, however briefly. Even California 30-year rates are down markedly, with Wells Fargo now below 5.6 ...
World's sexiest islands 2008 - MSNBCReal life is the enemy of sexiness. Real life is a bad economy, mortgage worries, global warming. Sexiness is the act of shedding worries and slipping off the constraints of real life. Best of luck doing that at home. While finding a sexy beach is a ...
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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