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Bankers try to allay local fears - Recorder Community NewspapersAs the nation’s largest banks literally choke over enormous debt from bad mortgages, area banks are still hungry and open for business, according to bank officials. The financial crisis on Wall Street has led to a series of stunning events: the ...
Borough boutique to close its doors - Daily Local NewsAnnie Moretti, left, and Michele Robins are closing the Plain Jane Boutique on East Gay Street in West Chester. ,WEST CHESTER — The blush is off for Plain Jane, a cosmetics and skin-care boutique in the 100 block of East Gay Street. The store will ...
Congress grills Lehman CEO - Cincinnati.comWASHINGTON - The now-bankrupt investment bank Lehman Brothers arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to ...
Shock worldwide interest rate cuts, including 0.5% in UK - Times OnlineCentral bankers around the world took emergency action to end the market meltdown today with co-ordinated interest rate cuts designed to give the global economy a lift in the face of recession. The Federal Reserve led the way, slashing its key ...
Mickelson, Miller-Meeks give views on causes of financial issues at ... - TriVallyCentralBoth 2nd district Congressional candidate Marietta Miller-Meeks and WHO radio talk show host Jan Mickelson urged people to get involved in government at all levels. They also laid the blame of the nation's financial crisis on the failed home mortgage ...
National City customers take word of possible sale in stride - Cleveland Plain DealerNational City customers said they weren't surprised or worried that Cleveland's oldest and biggest bank may end up owned by companies based in Canada or Pittsburgh. "I can only go by what they've done in the past," said David Collier, father of 11 ...
Many National City customers unconcerned about possible ownership ... - Cleveland Plain Dealer BlogNational City customers said they weren't surprised or worried that Cleveland's oldest and biggest bank may end up owned in Canada or Pittsburgh. "I can only go by what they've done in the past," said David Collier, father of 11 and a small business ...
CREDIT FREEZE FELT AT HOME - Citizen's VoiceJohn Lawless sees the credit crisis in the looks of disappointed potential car buyers. “There are fewer (financial) sources that are interested in people with dinged-up credit,” said Lawless, who owns a car dealership on Wyoming Avenue in ...
Brooklyn, The Borough: The Quietest Places To Pass a Sunday - New York ObserverNicole Brydson. View from 20 Bayard. "Do you hear the crickets?," asked Ali Jafri, a broker for Prudential Douglas Elliman. We were standing on the ninth-floor balcony of a brand-new three-bedroom condominium for sale at 20 Bayard Street in ...
Bank of America makes market-share move in Phila. - Philadelphia Business JournalThree years after arriving in the Philadelphia retail banking market, Bank of America appears to have made some headway, according to data released by the Federal Deposit Insurance Corp. Thursday. B of A moved from sixth to fourth on the annual list ...

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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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