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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

Washington home equity loans news:

Treasury to Invest in `Healthy' Banks, Kashkari Says (Update4) - Bloomberg
Oct. 13 (Bloomberg) -- Neel Kashkari , the U.S. Treasury official overseeing the $700 billion rescue of the financial system, said government equity injections will be aimed at ``healthy'' firms. ``We are designing a standardized program to purchase ...

Just A Little Patience - Forbes
Patience is a virtue. At least that's the message from Washington as the Treasury Department and the Federal Reserve put plans in motion to rescue the financial markets. Treasury Secretary Henry Paulson will gather the heads of the biggest U.S. banks ...

Treasury will buy stock in banks; Asia, Europe bounce back - Miami Herald
WASHINGTON -- Putting more meat on the bones, the U.S. Treasury Department early Monday outlined its strategy for halting a widening financial crisis as markets in Asia and Europe rebound amid aggressive overseas government action. Treasury's new ...

Global Stocks Climb, Oil Rises on Bailout Plan; Banks Advance - Bloomberg
Oct. 13 (Bloomberg) -- Stocks rallied worldwide, with the Standard & Poor's 500 Index rebounding from its worst week since 1933, and oil climbed from a 13-month low after governments in Europe, the U.S. and Asia agreed to support banks. Morgan ...

Dow jumps over 700 as governments pledge bank aid - Associated Press
NEW YORK (AP) -- Wall Street snapped back from last week's devastating losses after major governments announced further steps to support the global banking system, including plans by the U.S. Treasury to buy stocks of some banks. All the major ...

Treasury to name financial asset managers soon - Reuters
WASHINGTON (Reuters) - The U.S. Treasury Department expects to name asset managers for its $700 billion financial rescue plan within days and is working "around the clock" to thaw credit markets, the program's new chief said on Monday, The Treasury ...

Middle class is mired in debt - Detroit Free Press
Both have been humbled by bad debt, the thread that ties the economic struggles of ordinary Americans to the once-venerable financial houses brought to their knees in recent weeks. It was Berthet's mortgage foreclosure, multiplied by at least a ...

Treasury and Fed to meet with financial executives - Associated Press
WASHINGTON (AP) -- Officials from the Treasury Department and the Federal Reserve are scheduled to meet later Monday with top executives from financial firms to work out details of the $700 billion plan aimed at thawing frozen bank lending that is ...

Beat the Rush to the Banks - Washington Post
Resize As Warren Buffett once said, you never know who's been swimming au naturel until the tide goes out. And as investors have discovered, the U.S. banking system spent the better part of the past decade's housing bubble doing an underwater ...

How the Credit Crunch is Hitting Home - US News and World Report
That's what most Americans have been wondering, as they digest warnings from Washington about the dire ramifications of a global credit crunch. Up till now, the credit freeze has mainly hit parts of the economy hidden from ordinary consumers: Short ...