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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 refinance mortgage news:

MBA Mortgage Applications Move Lower in Week Ending November 14 - Economicnews
(CEP News) - Weekly mortgage applications in the United States decreased in the week ending Nov. 14, according to data released from the Mortgage Bankers' Association (MBA) on Thursday, which reported an 6.2% week-over-week fall in applications. In ...

Paulson says bailout not for mortgage guarantees - Seattle Post Intelligencer
WASHINGTON -- Treasury Secretary Henry Paulson expressed fresh reservations Tuesday about tapping a $700 billion bailout pool to provide mortgage guarantees to help stem soaring home foreclosures. Paulson and Federal Reserve Chairman Ben Bernanke ...

Mortgage application volume falls 6.2 pct - WTOP Radio
WASHINGTON (AP) - Mortgage application volume fell 6.2 percent during the week ended Nov. 14, according to the Mortgage Bankers Association's weekly application survey. The trade group's application index slipped to 398.6 during the week, down from ...

Mortgage applications drop in week - United Press International
WASHINGTON, Nov. 19 (UPI) -- The volume of applications for U.S. mortgages decreased last week, falling by a seasonally adjusted 6.2 percent, an industry group said. The Market Composite Index, which measures mortgage loan application volume, fell 6 ...

The Next Subprime Crisis Looms - FHA-Backed Loans - Free Internet Press
The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers - many of them the ...

Feds consider changes to mortgage program - Salem News
WASHINGTON (AP) _ The government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones, a top Bush administration official said Wednesday. The program, included in a ...

Lawmakers press Paulson on bailout plan changes - Newsweek
Recommended (6) Campaign 2008 Secrets: McCain Gambles on Palin Treasury's Kashkari Played Down Subprime Mess How Paulson Became the New Face of Capitalism Washington Mutual Fails While Bailout Is Debated Who Pays for Wall Street’s $700 Billion ...

Housing official: Mortgage aid falls short, program changes coming - USA Today
WASHINGTON — Two government programs designed to help hundreds of thousands of delinquent borrowers avoid foreclosure are having negligible effects, a top Bush administration official acknowledged Wednesday. One program will be revamped immediately ...

Home-loan applications at lowest level since 2000 - Providence Business News
APPLICATIONS TO REFINANCE accounted for 49.9% of home mortgage filings last week, up from 45.1% in the week ended Nov. 7 and 42.9% of applications in the week ended Oct. 31 the MBA found. WASHINGTON – The number of home-loan applications filed ...

Consumers may get ray of good news: lower prices - WTOP Radio
WASHINGTON (AP) - American consumers hit by a seemingly endless stream of bad news, from vanishing jobs to shrinking retirement accounts, may be in for a small dose of relief: lower prices at stores. The Consumer Price Index, the country's most ...