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Timm Creek residents pointing fingers, waiting - Spartanburg Herald-JournalThe swimming pool at the Timm Creek Community subdivision in Roebuck across from Dorman High School is infested with algae - its waters choked with a thick green sludge that makes it impossible to see depth markers. The pool's clubhouse sits in the ...
Government Should be Aware of 2009 Economic Threats - Tempo InteractiveTEMPO Interactive , Jakarta :Chairman of the Young Indonesian Entrepreneurs Association (HIPMI) Erwin Aksa urged the government be prepared for economic downturns next year, pointing out that the US' subprime mortgage of US$ 1.300 trillion was due in ...
Nevada Turns Left This Time, But Future Course Is Uncertain - Wall Street JournalLAS VEGAS -- In few states did the political map change as dramatically last week as in Nevada. In the prior two presidential elections, the Silver State could be counted on in the Republican column. But Tuesday, Nevadans not only favored Barack ...
German banks gear up to apply for aid from rescue plan - EarthtimesBerlin - The German Government unveiled on Monday conditions for banks applying for financial support from its 480 billion-euro (645.46-billion dollar) bank rescue package as Berlin considers moves to help boost Europe's biggest economy in the face ...
High priority, high cost of child care - Fayetteville ObserverRenee Hankins and her fiance pay more to keep their sons in day care than they pay on their home. It costs the Erwin couple $800 a month to send 4-year-old Shay and 13-month-old Gage to day care. “Our day care is like our mortgage and our car ...
East Valley home values ahead of 2004 levels - AZCentral.comForeclosed homes are shredding the paper gains made during the market's run-up in recent years, but Southeast Valley cities are still ahead of 2004 levels. Median home values fell from 2005 to 2008, but they're still greater than four years ago ...
BayernLB Concealing True Extent of Subprime Losses - Der SpiegelBayernLB is concealing the true extent of its subprime losses. Erwin Huber's banishment lasted exactly nine years. When the Bavarian state cabinet was formed in 1998, Huber, a 61-year-old veteran Bavarian politician from the town of Reisbach, was ...
German bailout deal complicated by election-year politics - International Herald TribuneFRANKFURT : The two most troublesome phrases in German politics right now are "rescue package" and "stimulus program." The leaders in Germany, Europe's largest economy, never wanted a systemic bailout of the hard-hit financial system, and they acted ...
Community Resource Bank becomes First Citizens - Times and DemocratThe bank that began here two decades ago as Orangeburg National will officially become First Citizens Bank and Trust on Friday. Orangeburg-based Community Bankshares Inc., parent company of what is now Community Resource Bank, announced in June it ...
China's Stimulus: More Show Than Substance - ForbesBeijing's half-trillion-dollar fiscal package is not as big as it sounds; many analysts say it will not offset the global downturn or do enough to stimulate domestic demand. Don't judge a stimulus package by its half-trillion-dollar price tag. China ...
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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