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MOVING IN: Hartford - Hartford Courant
When Ingrid Baker came to Connecticut from Jamaica two years ago, she moved into a rental owned by her uncle. After a year, she decided to buy a home within her son's high school district in Hartford. Between April and September, Baker's plans got ...

Fannie Mae Taps CFO: Former Hartford Finance Chief David Johnson - CFO.com
Fannie Mae tapped outspoken financial-services-industry veteran David M. Johnson to serve as the embattled mortgage giant's executive vice president and CFO, effective immediately. Johnson — remarkably, the third CFO at Fannie Mae in this troubled ...

Fannie Mae Names Hartford Financial's Johnson As Financial Chief - CNN Money
Fannie Mae (FNM) made its second chief financial officer appointment of the year as the struggling mortgage company's chief executive continues to install his own management team. The company hired David M. Johnson from Hartford Financial Services ...

Fannie CFO Johnson's Pay Starts at $625,000 - CFO.com
For the big finance job ahead for Fannie Mae, the company detailed the pay plan for new CFO David M. Johnson. At the center of the incentives-laced package is a $625,000 annual salary that is slightly lower than what his predecessor received. The ...

Fannie Mae names new CFO - Banking Business Review
Mr Johnson comes to the Federal National Mortgage Association (Fannie Mae) from Hartford Financial Services Group, where he was executive vice president and CFO. The company also said that David Hisey would continue to serve as its executive vice ...

Fannie Mae gets third CFO in three months - Birmingham Business Journal
Embattled mortgage giant Fannie Mae named David M. Johnson its new chief financial officer. Johnson comes by way of Hartford-Conn.-based insurance giant Hartford Financial Services Group , where he was CFO. Before that, he was CFO at Cendant Corp ...

Movers roundup: Fannie Mae, STMicroelectronics - Boston Globe
NEW YORK (AP) -- Shares of mortgage lender Fannie Mae surged nearly 75 percent Friday after the company said it is considering a reverse-stock split to help meet New York Stock Exchange listing requirements. NEW YORK (AP) -- STMicroelectronics NV's ...

Fannie Mae names Johnson chief financial officer - Boston Globe
WASHINGTON— Fannie Mae says David Johnson will serve as the mortgage giant's chief financial officer and executive vice president, beginning immediately. Johnson joins the company from Hartford Financial Services Group, where he served as chief ...

Fed Aid Sets Off a Rush to Refinance - Wall Street Journal
The Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs. Some ...

Some residents live in fear of foreclosure - Register Citizen
Elizabeth Jamieson is a self-employed foreclosure inspector. Usually, an inspector visits 100 homes or so per month. Last month, Jamieson inspected 200 houses. “I am the first person who finds a vacant property. It’s an eerie sight,” she said ...

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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