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NEW ISSUE-India's HDFC to raise 7.5 bln rupees via bonds-source - Reuters India
MUMBAI, Sept 5 (Reuters) - Indian mortgage lender Housing Development Finance Corp (HDFC.BO: Quote , Profile , Research ) is selling bonds to raise up to 7.5 billion rupees ($169 million), a source close to the issue said on Friday. The issue has a ...

Navy Federal Slashes Mortgage Rates - Forbes
5.625% 30-Year Fixed Mortgage up to $730K VIENNA, Va., Sept. 4 /PRNewswire-USNewswire/ -- Effective immediately, Navy Federal Credit Union is now offering its members some of the lowest rates nationwide for a wide range of Mortgage Products. For ...

Government may soon take over troubled mortgage finance giants Fannie ... - Minneapolis Star Tribune
TV upgrades may fall short, experts warn Union to strike as Boeing-machinists talks fail Silver State Bank in Nevada is shut Dinner and a movie, all in the same seat Mortgages: No relief in sight WASHINGTON - The government is expected to take over ...

Norwich Union to slash final policy bonuses by 10% - Times Online
More than 2.4 million Norwich Union with-profits policyholders will miss out on cash payouts averaging £2,000 after the insurer moved to cut its final bonus rates in the wake of tumbling markets. Norwich Union, owned by Aviva, said that it would be ...

How to determine your bank's financial health - Los Angeles Times
How can you tell whether your bank is in hot water? ¶ More people have been asking that question since the collapse of Pasadena mortgage giant IndyMac Bank in July. After the government took over the bank, many customers had to wait in line for ...

Campaign 2008: The More Things Change... - Forbes
To hear John McCain, Sarah Palin, Barack Obama and Joe Biden tell it, this election's all about change. "Change you can believe in" from Obama versus "change you can depend on" from McCain. Perhaps. But from now until the end of the campaign, a lot ...

Business Notes - Lexington Herald-Leader
New policy would require drug, alcohol testing for all miners The federal agency that regulates the nation's coal and non-coal mines says it will revise its drug and alcohol policy to include substance abuse testing for all miners. Mine Safety and ...

Why mortgage rates aren't falling - Walletpop.com
With the Fed holding rates for the foreseeable future, you may think this is a great time to refinance your mortgage or buy a new home. But because of the "credit crunch" you are no doubt sick of hearing about, rates are actually higher than they ...

Andrew Johns talks of his 'dark places' of depression - News.com.au
ONE of rugby league's legendary figures, Andrew Johns, says he fears a high-profile player may attempt to take his own life because of the increasing pressures on footballers' public and private lives. In his first interview since disclosing his ...

FDIC again lowers estimate of IndyMac's uninsured deposits - Los Angeles Times
Uninsured deposits at IndyMac Bancorp totaled about $541 million, federal regulators said Thursday, marking their second reduction of the estimate since the government seized the troubled mortgage lender July 11. The Federal Deposit Insurance Corp ...

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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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