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El Pasoans still getting car loans, mortgages - El Paso Times
EL PASO -- The national credit crisis that may be keeping people from obtaining car loans and mortgage loans is not affecting El Paso, in part because the city's real estate market remains healthy, and because locally owned credit unions are not tied ...

T-Bones offers Northside’s first full-fledged nursery - Union-Recorder
When Tom Drew considered a career change at age 46, he wanted to start a business that would allow him to watch success grow from a job well done. Matching his love of horticulture with a wide-open market for landscaping services and materials as ...

2 firms selected for mortgage securities program - Times Union
WASHINGTON -- The Treasury Department has picked two financial institutions to manage a program it unveiled last month to provide support for beleaguered mortgage-backed securities. The government announced Friday it was hiring London-based Barclays ...

NYU's Roubini: 'All fronts' approach necessary to end global financial ... - Bloggingstocks.com
Nouriel Roubini, the once obscure New York University economics professor who two years ago predicted the current global financial crisis, now says leaders of the world's major industrialized economies and developing countries must implement an 'all ...

For local credit union, business as usual - Rhinelander Daily News
Amidst the drama of the bailout crisis, credit unions are one sector of the financial community where it’s business as usual. Having been created during the Depression as a safe haven for the money of working Americans, credit unions like Ripco ...

President's statement on the economy - Los Angeles Times
Good morning. Over the past few days, we have witnessed a startling drop in the stock market -- much of it driven by uncertainty and fear. This has been a deeply unsettling period for the American people. Many of our citizens have serious concerns ...

Markets stampede lower; global finance chiefs meet - Times Union
Stock markets plummeted still lower on Wall Street and around the world Friday despite all efforts to slow the selling stampede. The globe's industrial powers urgently debated even more forceful actions to prevent a worldwide economic catastrophe. In ...

Prospect Fades for Joint EU Bank Bailout - BusinessWeek
On the eve of a Paris summit to discuss the European financial crisis, the idea of establishing an EU-wide rescue fund looks stillborn For a while earlier this week, it looked as though the European Union was preparing to come up with a bloc-wide ...

President Bush Delivers Remarks on the Economy - FOX News
Oct. 10, 2008: President Bush makes a statement on the economy in the Rose Garden of the White House in Washington. The following is a rushed transcript of President George W. Bush's remarks on the current state of the economy: GEORGE W. BUSH ...

Corporate job cuts likely, economists predict - Atlanta Business Chronicle
Citi drops out; Wells wins Wachovia Corporate job cuts likely, economists predict Wells CEO seeks to reassure Wachovia workers Citi drops out; Wells wins battle for Wachovia Wells Fargo gets quick regulatory OK to buy Wachovia To get its projected $5 ...

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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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