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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

Lewis mortgage rates news:

Low rates breathe life into mortgage market - Columbus Dispatch
A recent half-percentage-point drop in 30-year home loans is jolting a mortgage market that has been weighed down by a nose-diving economy and troubled credit markets. Mortgage applications were up 112 percent during the week that ended Nov. 28 ...

Refinance Boom During Holiday Season – Low Rates and Inflation ... - Best Syndication
(Best Syndication News) Low interest rates along with a sense of uncertainty spurred a landslide of refinances last week (see charts and videos below). According to the Mortgage Bankers Association (MBA), that mortgage applications more than doubled ...

Futures Off Lows After Mortgage Gain - CNBC
Stocks were set to give back some of their sharp gains from Tuesday's session but were off their morning lows after data showed a sharp increase in mortgage applications last week. Mortgage applications staged their largest one-week surge ever ...

SCENARIOS-How can Britain combat looming recession? - FXStreet.com
LONDON, Dec 4 (Reuters) - The Bank of England has cut interest rates to their lowest level since the early 1950s, but analysts warn looser monetary policy alone may not be enough to tackle the biggest threat to the British economy -- the failure of ...

"We have a simple thesis. There is going to be a calamity, and ... - Reason.com
Thank God somebody said it. If I'd nailed Tabitha Soren I might list it as a minor accomplishment but then I'm a poor nobody Joe Sixpack.It certainly wouldn't make the top 20 of my proud achievements, much less the top 3. Michael Lewis should ask ...

As house prices fall, sales in Mass. rise - Boston Globe
Falling home prices are drawing out bargain hunters. New housing data show a healthy pickup in the number of single-family homes sold in recent weeks, while prices continue to drop. Home sales were up 14 percent in October, over the same period in ...

Column: Someone should go to jail over financial crisis - U-Wire.com
Let’s say hypothetically that because of a few bad decisions and utter negligence on my part, I destroyed the Washington Monument. People would be upset. School children would lose a quality backdrop for photographs. Jerry Bruckheimer would no ...

TOPWRAP 6-Sales draw U.S. shoppers, Asian economies stumble - CNBC
By Ralph Boulton and Lewis Krauskopf LONDON/NEW YORK, Nov 28 (Reuters) - U.S. shoppers awoke early for post-Thanksgiving sales on Friday in a key test of the country's ability to lead an economic recovery as sharp production declines in Asia gave ...

Cadence Financial Corporation Declares Cash Dividend - Earthtimes
STARKVILLE, Miss. - (Business Wire) Cadence Financial Corporation (NASDAQ: CADE) today announced that the Board of Directors declared a quarterly cash dividend of $0.05 per share. The cash dividend is payable January 2, 2009, to shareholders of ...

UPDATE 2-US GAO: critical issues not yet addressed in TARP - Reuters
WASHINGTON, Dec 2 (Reuters) - The $700 billion financial industry rescue package being administered by the U.S. Treasury Department has "yet to address a number of critical issues," according to a draft report by Congress' investigative body. The ...