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Paulson Says Utility Model Better For Fannie, Freddie - The BulletinTreasury Secretary Henry Paulson recommended replacing Fannie Mae and Freddie Mac with utility-like companies that would guarantee mortgages without maintaining investment portfolios. “A public utility-like mortgage credit guarantor could be the ...
11 days to inauguration: Obama to Congress: Act now - NewsdayPresident-elect Barack Obama warned yesterday that the United States risks sinking deeper into an economic crisis without an infusion of government spending and a cut in tax rates and urged Congress to act quickly on a stimulus package that may total ...
Divorce set to boom as marriages go bust - Cambridge NewsNEW Year has always been a busy time for divorce lawyers but some experts are expecting January 2009 to be a record month. A survey by the Local Government Association (LGA), which found one-fifth of local authorities reporting increased demand for ...
On Front Lines of Debt Crisis, Luggage Maker Fights for Life - Wall Street JournalST. PAUL, Minn. -- When Chuck Bidwell and Jennifer Guarino took over J.W. Hulme Co. a few years ago, their plan was to transform the tiny maker of duck-hunting gear and fishing-rod bags into a luxury luggage company. They applied the modern American ...
Exclusive: Oval Office Watch – Friday, January 9 - Family Security MattersTransition officials confirm that President-elect Obama has asked Dennis Ross, Richard Haass, and Richard Holbrooke, to serve as his chief emissaries to world hot spots. With two weeks still left in President-elect Barack Obama's transition, the ...
Dale Vince: UFOs, alternative energy and money - Daily TelegraphUse less. Do the obvious things like making sure your light bulbs are all low-energy, draught-exclude windows and doors and turn computers and TVs off when you're not using them. I think we all need to learn new behaviour when it comes to technology ...
Dems to Run the Country Like They Ran Their Blue States…Into the ... - Canada Free PressAs the nation braces for Democrats to take unbridled control of the federal government, some lessons about how big a mistake that really is are already coming to light. Just as no non-union manufacturer is asking for a government bailout, only ...
Meyerson: GOP takes page from Hoover playbook - Record SearchlightAs the nation navigates through the most perilous straits it has seen since the 1930s, policymakers are looking back to the '30s to see which of the paths that Depression-era America embarked upon actually led toward recovery. Well, some of our ...
Business Highlights - MSN MoneyCentralNEW YORK (AP) — Retailers reported dismal sales figures for December on Thursday as even Wal-Mart Stores Inc., one of the bright spots in the industry, finally buckled under the pressures of the deteriorating economy. As the figures confirmed fears ...
Finally, a big idea from the Fed - Bloggingstocks.comThe Federal Reserve will buy up to $500 billion in mortgage-backed securities early next year. This marks the first move by the agency that may actually help turn the credit markets around quickly. The Fed has tried cutting interest rates to 0%. This ...
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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