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News about Mortgages:
Letter: Mortgage crisis might have been worse without CRA - Salem NewsSo Taylor Armerding has joined the conga line of conservatives blaming those darn liberals and their do-goodin' ways for the current economic mess ("Nothing 'free' about market that led to our economic downfall," Viewpoint, Thursday, Nov. 27 ...
The Community Reinvestment Act - OregonianDuring the 2008 Presidential campaign, while our economy was beginning a tailspin, a small but vocal group of individuals were presenting the idea that the mortgage meltdown was actually caused by liberal Democrats. The theory floated was that ...
1977 lending measure not to blame for crisis - Miami HeraldI was raised by a grandmother who had to assign blame when anything went wrong. For Big Mama, there were never any accidents. When I got into a car crash while driving her to a doctor's appointment, she blamed me. Never mind that it was the other ...
2008 Gift Guide: Big boxes to make your holidays bright - Cleveland Plain DealerThere are plenty of excuses, if you want them. The mortgage crisis. The credit squeeze. The weather (it was 60 degrees on Friday). The traffic lights on Euclid take too long to turn green. But let's face it: You and I and Aunt Ida aren't going to ...
Studies Rebuff Charges of CRA Complicity in Financial Crisis - Social FundsAttempts by some conservatives to link the Community Reinvestment Act to predatory mortgage lending are shown to be misleading and often false. SocialFunds.com -- Of all the reasons for the current financial crisis, the effects of predatory mortgage ...
Economists pour scorn on £12.5bn cut in VAT - Times OnlineThe Chancellor was accused yesterday of using a flawed tool to stimulate the economy amid concern that the £12.5 billion temporary cut in VAT would not work properly. The reduction from 17.5 per cent to 15 per cent was too little to be effective ...
Foot bathing is a clean job, but someone's got to do it - Cleveland Plain DealerBeing bereft of a glass slipper, reporter Chuck Yarborough opts to scrub the tootsies of Diana Palmer after she completed her ion foot bath at Basic Essentials in Solon. Layoffs. Mortgage meltdowns. Monopoly money worth more than our 401(k)s. An ...
Singletary: Don't blame the Community Reinvestment Act for fiscal mess - Idaho StatesmanI was raised by a grandmother who had to assign blame when anything went wrong. For Big Mama, there were never any accidents. When I got into a car crash while driving her to a doctor's appointment, she blamed me. Never mind that it was the other ...
Don't blame meltdown on anti-bias lending act - Louisville Courier-JournalWASHINGTON -- I was raised by a grandmother who had to assign blame when anything went wrong. For Big Mama, there were no accidents. When I was in an accident while driving her to an appointment, she blamed me. Never mind that the other driver didn't ...
The CRA and ACORN are NOT at the Heart of This Financial Crisis - OpEdNews.comThe financial crisis we are in is a complicated matter. There are a myriad of reasons it happened and you can lay blame at every level of the mortgage process from the borrower all the way to the investor and those in the government responsible for ...
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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