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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.

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Putnam mortgage quotes news:
Financial News
November 2008 - ABC News Blogs
1. Who will play a bigger role in filling out President-elect Barack Obama’s Cabinet -- Joe Biden, Bill Clinton, or Doris Kearns Goodwin ? 2. Will the Republican Party have to blow itself up to put itself back together ? (Which of those directions ...

Safe as mutual funds - Times Online
Any book on American finance whose title has a Rise but no Fall looks insouciant this month, to say the least. Let us hope that Matthew P. Fink is right to sound an optimistic note. His history of mutual funds in the United States ends before the ...

'It was like the dam broke' - Boston Globe
On Sept. 29, minutes after Congress rejected a $700 billion bailout, state Treasurer Timothy P. Cahill got an urgent e-mail on his BlackBerry at 1:55 p.m.: "The Dow is down 700 points." He knew instantly what the alert from his staff meant. The ...

House Votes Down Financial Bailout Deal - Common Dreams
The House today defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive into recession without it. Stocks ...

Election 2008 - Weekly Standard
Bill Sammon's sources tell him Steele may announce as soon as Thursday , and is courting the endorsement of Newt Gingrich, which if landed, would do much to scare off the incumbent and possible challengers: The source also contradicted a report in ...

What John Lewis' attack on John McCain was really about, and Obama's ... - Los Angeles Times Blogs
With the number of preelection days dwindling and tempers rising, we had more of the predictable homestretch toing-and-froing over campaign attacks Saturday. Someone on Side A says something that Side B can seize upon and criticize to create a fight ...

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