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Next Round Of Foreclosures To Hit Retail - CBS News
E-Mail Story (CBS/AP) Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same ...

Hart: No conflict in my chairmanships - Trinidad and Tobago's Newsday
THERE IS no conflict of interest in having one person head the boards of the Home Mortgage Bank (HMB), the National Insurance Board (NIB), the Trinidad and Tobago Mortgage Finance Company (TTMF) and Udecott, Calder Hart said yesterday in the face of ...

Mark: Govt believes we are fools - Trinidad Express
Opposition Senator Wade Mark has questioned why financial institutions chaired by Calder Hart have been exempted from regulations by the Central Bank under the Financial Institutions, 2008 Bill. Mark, in his contribution to the bill, which was ...

Ohio wins court settlement against mortgage lender - Zanesville Times Recorder
COLUMBUS (AP) - A bankrupt subprime lender accused of shoddy practices has been barred from accepting mortgage applications in Ohio, state Attorney General Nancy Rogers announced Wednesday. The agreement with New Century Financial Corp. of Irvine ...

Fans grooving as music store is back in business - New Zealand Herald
Real Groovy is back in business - music vouchers included - after the store went into voluntary receivership in October. The nationwide music store had initially stopped the trading of second-hand music and the use of credit notes and music vouchers ...

Opposing Bailouts on Principle - Poli Gazette
Oliver Hart, professor of economics at Harvard, and Luigi Zingales, professor of finance at the Chicago Booth School of Business, say that Bush administration economists have abandoned principle in their rush to bail out financial giants AIG, among ...

Property Transactions - Daily Review & Sunday Review
Lasalle National Bank, EMC Mortgage Corp, POA, Lasalle bank National Association to Robin L. Farley of Canton for property in Canton Borough 1st Ward for $20,000. Anne Hart to Sharon L. Brady and Charles J. Brady III of Granville Summit for property ...

Sheila Bair's Mortgage Miracle - Wall Street Journal
What do you do if you've spent your career encouraging mortgage loans to people who can't repay them? Barney Frank's answer is to grill federal officials on why they aren't preventing foreclosures. Infuriated at the difficulty of modifying mortgages ...

The Meltdown Will Be Blogged - Huffingtonpost.com
The headline in the LA Times said it all: " Charities Can't Keep Up with Deepening Poverty ." America is facing a vicious charity Catch-22: the harsher the downturn, the more people in need of help but the fewer stepping up with donations. "As ...

New crisis in commercial real estate looms - MSNBC
Nov. 28: Long lines and lower gas prices are giving retailers reason to be hopeful, but shoppers are saying they plan on tightening their spending this holiday season. NBC's Brooke Hart reports. WASHINGTON - The full scope of the housing meltdown isn ...

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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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