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Loan servicer Ocwen buys Texas bank - South Florida Business JournalKent County State Bank’s headquarters includes a building, left, that dates back to 1912. As the only bank in Kent County, Texas, which has 735 residents in 902 square miles, Kent County State Bank would not seem like a prized acquisition target ...
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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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