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St. Petersburg Times Special Report - St. Petersburg TimesA Tampa house with a tarp for a roof and boards shuttering the windows sold for $300,000 in 2006 with the help of a no-money-down mortgage from a subsidiary of Washington Mutual Bank. The owner defaulted; WaMu owns it now. Listed for $52,000, the ...
First American CoreLogic Releases September 2008 LoanPerformance Home ... - MSN MoneyCentralSANTA ANA, Calif. , Dec. 1 /PRNewswire-FirstCall/ -- First American CoreLogic, a member of The First American Corporation FAF , America's largest provider of advance property and ownership information, analytics and services, today announced the ...
UPDATE 1-Raymond James stock falls amid disclosures - ForbesRaymond James said it might have to repurchase auction rate securities it sold to customers -- but which have been nearly impossible to trade this year -- to resolve pending claims and regulatory investigations. Yet the St Petersburg, Florida, firm ...
BayWalk hit with foreclosure suit - St. Petersburg TimesIt's official: BayWalk, the St. Petersburg entertainment complex celebrated as a catalyst for downtown's renaissance, is facing foreclosure. Wells Fargo Bank has filed suit in Pinellas-Pasco Circuit Court seeking foreclosure of a mortgage on the $50 ...
Fed throws fresh lifeline to financial system - Washington PostWASHINGTON (Reuters) - The Federal Reserve threw a massive life-line to consumers on Tuesday with two new programs aimed at making it easier for them to obtain loans for homes, cars and on credit cards. Under the new mortgage program, the Fed will ...
Fed throws fresh lifeline to stressed households - ReutersWASHINGTON (Reuters) - The Federal Reserve threw a massive life-line to consumers on Tuesday with two new programs aimed at making it easier for them to obtain loans for homes, cars and on credit cards. Under the new mortgage program, the Fed will ...
US unveils fresh financial rescue plan - StuffThe US Federal Reserve is to pump US$800 billion into America's beleaguered financial system in another attempt to kick-start frozen credit markets. The Fed outlined two new programmes aimed at making it easier for consumers to obtain loans for homes ...
Obama warns against WH 'groupthink' - Politico.comObama said he is “confident that this is the team that we need to make a new beginning for American national security.” CHICAGO – President-elect Obama took a swipe at President Bush and declared “complete confidence” in "my dear friend ...
Testing Times for Central Asian Migrants - IWPRAs the world financial crisis continues to play out in Russia and Kazakstan, there are fears the economic downturn will have serious knock-on effects for the Central Asian states that provide these wealthier countries with cheap labour. With manual ...
GLOBAL MARKETS-World stocks rise after Fed programme - FXStreet.comLONDON, Nov 25 (Reuters) - World stocks rose more than one percent on Tuesday after the Federal Reserve unveiled a programme to buy mortgage and consumer-related securities in its latest attempt to support the U.S. financial system. The Fed will buy ...
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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