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Fired Rutgers athletic chief getting $500,000 - Philadelphia InquirerNEW BRUNSWICK, N.J. - Former Rutgers University athletic director Robert Mulcahy will receive more than $500,000 in additional salary and perks before his five-year contract ends in June 2010. At the time of his firing last month, Mulcahy, 72, earned ...
Biz Quicks - Tulsa WorldA deal to help head off more mortgage foreclosures pulled Wall Street out of a slump Thursday, giving stocks a mostly higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges alter loans in an ...
County home values increase - Huntsville TimesFor most of 2008, Madison County's housing market chugged along, showing a slight dip in sales year-over-year but mostly holding its own. Then came November, when the local market saw its sharpest drop all year, with sales tumbling about 32 percent ...
Smooth approval seen for Obama healthcare nominee - ReutersWASHINGTON (Reuters) - When Shirley Hunter reviewed her finances to make sure she could afford to retire in 1999, she never banked on health care costs more than doubling in less than a decade. Now the 74-year-old former California kindergarten ...
Obama building grassroots support for health reform - ReutersWASHINGTON (Reuters) - When Shirley Hunter reviewed her finances to make sure she could afford to retire in 1999, she never banked on health care costs more than doubling in less than a decade. Now the 74-year-old former California kindergarten ...
New Orleans renovation project delays threaten lucrative GO Zone ... - New Orleans Times-PicayuneMatt Rose / The Times-Picayune Hopes are strong that $225 million in GO Zone bonds will be used to repair the Hyatt Regency hotel, which has been shuttered since Hurricane Katrina. Similar renovation projects using GO Zone money are delayed or ...
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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