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

Lincoln mortgage loans news:

Mortgage plan seen as possible stimulus - Omaha World-Herald
A federal plan to reduce interest rates on home mortgages to as low as 4.5 percent could succeed in stimulating the housing market in the Omaha area and nationwide, local homebuilders and real estate agents say. “That would be a very big plus ...

US diluted loan rules before crash - Lincoln Daily News
[ December 01, 2008 ] W ASHINGTON (AP) -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ...

Stocks end short session with 5th straight gain - Lincoln Daily News
[ November 29, 2008 ] N EW YORK (AP) -- Wall Street climbed again Friday, wrapping up its biggest five-day rally in more than 75 years, even as investors digested signs of a bleak holiday season for retailers and fears that a flurry of reports next ...

Letters, 11/25: Face the consequences - Lincoln Journal Star
Why should homeowners who are behind on their mortgage payments be helped by the government or banks to avoid foreclosure? If you are going to spend money you don’t have, you should have to suffer the consequences. My parents have made every ...

Big Three on the brink - Politico.com
Senate and House hearings that begin Thursday could make or break the American auto industry and pose a major test of whether the White House and the incoming Obama administration can work together to save the companies from collapse. The stakes are ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. As General Motors faces a liquidity crisis many of the company’s retirees are trying to navigate Medicare and plan for their own finances in ...

Auto Bailout Plan May Mean More Money In Your Pocket - WETM 18
ELMIRA HEIGHTS - You may have more money in your pocket if lawmakers give the green light to a $25 billion bailout for the country's three largest car makers. Jack Hampton is the general manager at Ferrario Ford Lincoln Mercury in Elmira Heights . He ...

Nov 30 - Dec 06 (176) - Andrewsullivan.theatlantic.com
If you're like me, you're putting your monthly retirement account statement directly into the trash without opening it. But it could be worse. An Economist writer who taught financial literacy to homeless single mothers noticed something wild : One ...

Sinking economy not bad news for all Rhode Island companies - Providence Journal
The repo man has been busy. In three weeks time, Mark and Christine Labbe took back 15 Mercedes Benzes through their Lincoln repossession service, Preferred Recovery and Towing. There was the large Snap-on tool truck, which, with all the products ...

The Note: Economy Confronts Obama...Again - ABC News Blogs
You don’t need a light-bulb moment for this one: Now that the national-security team is in place, it’s all about the economy again for President-elect Barack Obama. And, oh yeah -- he’s pretty much the president now, by the way. Partly it’s ...