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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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Dorchester refinance mortgage news:
Financial News
Mass. foreclosure petitions spike from past months - Boston Globe
Massachusetts foreclosure deeds rose 18.6 percent to 798 in September from 673 in September 2007, but the September 2008 figure is the fewest number of deeds recorded in any month this year, the Warren Group said today. The Warren Group of Boston ...

Bankruptcy filings jump as economy struggles - Boston Herald
B ankruptcy filings in Massachusetts have surpassed last year’s figures as foreclosures and plummeting home values force more residents into financial ruin. Through the end of October, there have been 13,572 bankruptcy filings - 1.3 percent higher ...

How John Dough got his dough - Boston Globe
“John Dough" has a condo redevelopment project in Boston. You met him here on November 6th . Below, John tells us about how he got his capital in the current finance market: Before I started this project, a colleague and I were able to obtain ...

Affordable Housing in Massachusetts Gets $10.2 Million Infusion - Yahoo Finance
Beverly, Boston, Dorchester, Framingham, Greenfield, Lawrence, And Watertown Initiatives Receive Funding For 390 Units BOSTON, Nov. 26 /PRNewswire/ -- The Federal Home Loan Bank of Boston (the Bank) awarded more than $10.2 million as grants, loans ...

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