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News about Mortgages:
Major U.S. mortgage lender selects MDA - CNW GroupRICHMOND, BC, Oct. 6 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that MDA Lending Solutions has signed a contract with a leading US mortgage lender to provide them with a ...
Pence addresses bailout vote during Richmond visit - Palladium-ItemRep. Mike Pence, who represents Indiana’s sixth district including Wayne County, discussed what he called the “current financial crisis” and Congress’ response to it today at lunch with the Richmond Rotary Club. “We’re coming off easily ...
Home Loans 'Under Water' Grow, Pressure the Economy - Wall Street JournalThe relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in defaults -- the very misfortune that touched off the credit crisis last year. The ...
Insurance giant AIG’s role in market crisis probed - Richmond RegisterWASHINGTON (AP) — Former top executives of insurance giant American International Group Inc. were on the receiving end of a verbal smackdown Tuesday as a congressional panel probed the chain of events that forced the government to bail out the ...
Halifax hikes its mortgage rates - Richmond & Twickenham TimesBritain's biggest mortgage lender has become the latest mortgage lender to hike its mortgage rates. Halifax said it was raising its rates by up to 0.25%, following last week's increase of up to 0.45%. The group blamed the move on continued increases ...
Wells Fargo tops Citigroup Wachovia bid: Future still unclear for bank ... - TradingMarkets.comWells Fargo's offer, valued at $7 a share, is for the entire Wachovia operation, not just the banking operations that New York-based Citigroup had planned to buy for $2.16 billion, or the equivalent of $1 a share. Still, the future of Wachovia, which ...
Genworth climbs on possible sale of insurance unit - Boston GlobeCHARLOTTE, N.C.— Shares of Genworth Financial Inc. climbed Tuesday after the mortgage insurer said it is considering various strategic alternatives for its U.S. mortgage-insurance business, including a possible spinoff. Shares of Genworth spiked ...
'Crippling debts' hit retirements - Richmond & Twickenham TimesGrowing numbers of people could be forced to delay their retirement after racking up crippling levels of unsecured debt, new research shows. The average person aged between 50 and 60 who has taken out a debt management plan owes £41,400 through ...
NOTICE OF SALE UNDER POWER - Dade County SentinelThis law firm is acting as a debt collector attempting to collect a debt. Any information obtained will be used for that purpose. Under and by virtue of the Power of Sale contained in a Security Deed given by Kenneth F. Mckinney to Mortgage ...
Genworth Financial Schedules U.S. Mortgage Insurance Investor Call - EarthtimesAuthor : Genworth Financial, Inc. RICHMOND, Va. , Sept. 22 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: GNW) will hold a conference call on September 25, 2008 at 4:30 p.m. (ET) to provide an update regarding its U.S. Mortgage Insurance ...

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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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