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News about Mortgages:
US mortgage crisis that leaves many here facing anxious wait - HeraldWith problems in the American sub-prime mortgage market already blamed for many of the UK's economic woes, economists and politicians here will be watching anxiously to see what impact the latest crisis has on this side of the Atlantic. The ...
Feds take over mortgage giants Fannie and Freddie - KING-5Treasury Secretary Henry Paulson, Jr. speaks during a news conference in Washington, Sunday, Sept. 7, 2008 on the bailout of mortgage giants Fannie Mae and Freddie Mac. WASHINGTON, D.C - The Bush administration, acting to avert the potential for ...
Investigators: Victims of mortgage scheme want justice - KING-5EVERETT, Wash. – In 2006 the KING 5 Investigators aired a story about Liza Bautista, a mortgage broker who defrauded people with a pitch about her Christian ways. While some of Bautista's victims have just settled a lawsuit, they say they're still ...
Parents are still the key to owning a first home - Times OnlineParents are increasingly shouldering the risk of their children’s mortgages as well as their own, despite government measures to help first-time buyers into the housing market. Ministers announced a £1.6 billion property rescue deal last week ...
John McCain King of Taxation who His Media calls Robin Hood - OpEdNews.comBill Clinton handed George Bush a surplus. George Bush and John McCain turned the surplus into a $10 trillion deficit, a gigantic cancerous tax/mortgage on us all. In “The Little Prince”, the fox said, “Words a source of misunderstanding ...
Fame, fortune and financial distress -- that's showbiz - Fort Lauderdale Sun-SentinelThey can live in mansions. Shop at the fanciest department stores. Drive luxury cars. So why is it that so many highly paid entertainers have money issues? Well, they often live in mansions, shop in the fanciest department stores or drive luxury cars ...
The great coastal sell-off - New Zealand Herald"All over prices have dipped and Raglan's no different." Bernard Hickey, of interest.co.nz, says buying a holiday home makes no financial sense and that coastal properties are either not selling, or selling below previous prices. Hickey says that ...
Rescue Dawn - SlateThe Washington Post , the Wall Street Journal and the New York Times all lead on news that government officials are poised to rescue Fannie Mae and Freddie Mac by placing the flailing mortgage-finance giants under federal control. The plan would see ...
House sellers hit by race to gazunder - Times OnlineThe practice of gazundering, in which homebuyers slash the price they are willing to pay just before contracts are exchanged, has returned, say estate agents. In some areas half of all sales are being hit by gazundering, according to the National ...
Officials’ Statements on Fannie Mae and Freddie Mac - Wall Street JournalGood morning. I’m joined here by Jim Lockhart, Director of the new independent regulator, the Federal Housing Finance Agency, FHFA. In July, Congress granted the Treasury, the Federal Reserve and FHFA new authorities with respect to the GSEs ...

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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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