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Tragic year for family - Ashtabula Star-Beacon
JEFFERSON — It was 5:30 a.m. on Black Friday 2007, and Vance Hinkle was a man on a mission. Armed with a shopping list and an infallible holiday spirit, Vance spent the day bargain hunting, gathering everything his four children wanted for ...

Vance named as suspect in Anne Pressly death - Log Cabin Democrat
Little Rock police named 28-year-old Curtis Lavelle Vance of Marianna as a suspect in the death of Anne Pressly on Wednesday. At 5 p.m. Wednesday, a warrant was issued for capital murder. Police say Vance allegedly left his home at 1 p.m. today in a ...

INSTANT VIEW: U.S. announces program to aid consumer lending - Reuters
NEW YORK (Reuters) - The U.S. Federal Reserve on Tuesday announced a $600 billion program to buy mortgage-related debt and securities and a $200 billion facility to buy consumer debt securities, in another massive life-support intervention for the U ...

Nation: Birmingham Mayor Charged With Bribery - Street.Com
Jefferson County's bonds went sour as the mortgage crisis hit and banks tightened up on lending, sending credit costs for the bonds skyrocketing. Related Articles Search for Geithner Replacement Begins Obama Continues Filling Out Team Obama Taps ...

US Treasury unveils extra $800bn in bail-out funds - Guardian Unlimited
The US government extended its economic firefighting programme today by targeting the mortgage and consumer credit markets with a further $800bn (£523bn) in taxpayers' subsidies. The US Treasury secretary, Hank Paulson, announced plans to pump ...

US Fed unveils new $800bn rescue - BBC News
The Federal Reserve is to pump $800bn (£526.8bn) into the markets in another bid to deal with the financial crisis. The US central bank said it would use $600bn to buy-up mortgage-backed securities to help encourage lending. Separately the Fed also ...

FBI: Birmingham Mayor Arrested on Federal Charges - The Ledger
BIRMINGHAM, Ala. | The mayor of Alabama’s largest city, Larry Langford, was arrested today on charges of steering millions of dollars of bond work to a friend in exchange for more than $230,000 in bribes that paid his debts for flashy clothes ...

FBI Arrests Birmingham, Ala. Mayor - WCCO
BIRMINGHAM, Ala. (AP) ― The mayor of Alabama's largest city, Larry Langford, was arrested Monday on charges of steering millions of dollars of bond work to a friend in exchange for more than $230,000 in bribes that paid his debts for flashy clothes ...

Alabama Mayor Accused of Bribery, Fraud - AOL
The mayor's chief of staff said city business would go on as usual. In a statement, Deborah Vance-Bowie also said the indictment of Langford was "certainly no surprise to us" and that they had expected some action from U.S. Attorney Alice Martin as ...

Feds arrest Birmingham, Ala., Mayor on bribery, fraud, other charges ... - Minneapolis Star Tribune
Obama announces Clinton, Gates for Cabinet Minnesota could lose a House seat in 2010 census Rep. Lowey not interested in Clinton's Senate seat Bush lauds progress in global fight against AIDS Bush: `I'm sorry' the economic crisis is occurring ...

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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