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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

Salem refinance mortgage news:

Surviving the housing crisis - Burlington Union
There are more than seven million homeowners who are “underwater,” a term that describes the situation when your mortgage exceeds the value of your home. Nationwide, one out of five homeowners are underwater. In Nevada, where the prices have ...

Haverhill woman's tale of housing woe offers view into global ... - Eagle-Tribune
Marie Martinez rode the real estate wave for a decade, buying property worth, on paper, more than $1 million. Then she hit the rocks and lost everything. Martinez's story mirrors those of millions of Americans caught up in the real estate frenzy that ...

Viewer Stories: Living Paycheck To Paycheck - WSB-TV Atlanta
The economy has caused my employer to cut me to a 3/4 worker, cutting my wages but still putting me above the line to qualify for underemployment. I've spent months searching for a new job without luck. I refuse to look beyond the tri-city area ...

2008 (2665) - Dakota Voice
► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...

Missoula mortgage refinancings have doubled - Missoulian
6 percent or less. Rates are expected to skip around between 5 percent and 6 percent as the Federal Reserve, which meets next on March 18, tries to avoid a nationwide recession. Investors expect the Fed will lower interest rates by another half a ...

Mortgage losses mounting - Portland Tribune
Karen Rider (foreground), an agent for a trustee sale officer, conducts an auction of foreclosed homes on the Multnomah County Courthouse steps just inside the building. Uncle Sam is bailing out Wall Street wheeler-dealers who invested in home loans ...

Motorcyclist hospitalized - Connellsville Daily Courier
A Fayette County man was in fair condition Wednesday at Ruby Memorial Hospital in Morgantown, W.Va., after a two-vehicle wreck Tuesday in Menallen. Mark Lowery, 57, of Uniontown was eastbound on New Salem Road as a car driven by Mallory Perry, 20, of ...

N.J. joins U.S. in combating the plague of ousted families and ... - Bridgeton News
Tony Kurduzk/The Star-Ledger Gov. Jon Corzine addresses a joint session of the Legislature in front of Assembly Speaker Joseph Roberts, left, and Senate President Richard Codey. The state and federal governments will embark on a two-pronged, $100 ...

Troubles mount at Albany cemetery - Corvallis Gazette-Times
Twin Oaks Memorial Gardens and Mausoleum has taken a long time, up to two years in one case, to get grave markers in place, but its problems go far deeper than that. The facility has been foreclosed on by a Portland lender. In addition, the present ...