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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. View all Terms

Early mortgage loans news:

General Growth wins extension on $900M loans - Providence Business News
CHICAGO – General Growth Properties Inc. (NYSE: GGP) has been granted a two-week extension for $900 million of short-term mortgage debt that had been set to expire last Friday. The loans are secured two Las Vegas malls for which the company is ...

Bush administration ignored regulators' warning of mortgage meltdown - Bloggingstocks.com
Experts inside the Bush Administration tried to warn about the mortgage meltdown . They even proposed new regulations to set guidelines for the risky loans written by the banks who now have their hat in hand looking for a bailout. The banks fought ...

Mortgage approvals slump - Financial Times
Mortgage approvals for home purchases in October matched the record low 32,000 seen in August, down 63 per cent from the year before, according to new figures from the Bank of England. Overall, the Bank said net mortgage lending - new loans extended ...

Records show White House refused to stop bad loans long before crash - Newsday
WASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

Gloomy times in battle to end mortgage market crisis - Evening Standard
Britain's mortgage market is in crisis. Sir James Crosby's newly published Treasury report says net mortgage lending has slumped so calamitously that it could turn negative. What that means is more people would be repaying their loans than taking out ...

Credit crunch hits small firms - Detroit Free Press
Ann St. Peter, who owns Pinwheel Bakery in Ferndale, always figured that people would cut out the $100 dinners at fancy restaurants in trying economic times. But when she opened her bakery about 18 months ago, she never imagined that colorful cookies ...

Mortgage approvals still falling - BBC News
Bank of England figures show that just 32,000 mortgages were approved, 1,000 fewer than in the previous month. The number of mortgages approved, but not yet lent, is a good indicator of medium-term trends in lending. The UK housing market has already ...

Government warned of mortgage meltdown - CNN Money
WASHINGTON (AP) -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably ...

Mortgage bills will drop as 1% interest rate cut predicted - Evening Standard
Mortgage bills for hundreds of thousands of London homeowners are set to be slashed again this week. Most City economists are convinced the Bank of England will cut its official base rate by another full percentage point to a record-equalling two per ...

Bush administration was warned mortgages were bad - Chicago Sun-Times
WASHINGTON — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...