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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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Central Wisconsin housing market decline consistent with rest of state - Daily TribuneA decrease in home sales throughout central Wisconsin is consistent with the rest of the state, local real estate agents say. Existing home sales in Wisconsin fell 16.7 percent in the third quarter compared to the same period in 2007, according to a ...
U. of Wisconsin Dean's Perspective on the Economy - Seekingalpha.comCourtesy of the Wilson Law Group , an excellent estate-planning firm here in Madison, one of your correspondents attended a fascinating talk last night. The speaker was the Dean of the University of Wisconsin School of Business, Michael M. Knetter ...
Wisconsin 3Q home sales, prices decline - Milwaukee Business JournalWisconsin home prices slip while sales drop Lawmakers to overhaul state telecom law Group wants cities to stop road charges for condos Wisconsin home sale prices decline Existing home sales in Wisconsin fell 16.7 percent and median prices in the ...
College closings rare, but could rise in downturn - Daily TribuneFor 15 years, Cascade College in Portland, Ore., struggled to find the fuels that any college needs: students to pay tuition and donors to help build an endowment. Then came the global economic meltdown, and suddenly that struggle became an ...
Editorial: Move quickly to help unemployed - Minneapolis Star TribuneThe recent release of state and U.S. unemployment rates is just the latest indication that the global economic crisis is quickly becoming an employment crisis as well. Nationally, new claims for unemployment benefits last week spiked to a 16-year ...
Brown County housing market remains stable - Green Bay Press-GazetteWhile the housing market continues to struggle nationally, some bright spots exist locally, according to third quarter home sales statistics released by the Wisconsin Realtors Association. Brown County saw third quarter median home sales increase ...
UPDATE 1-Economy, TARP conspire against commercial mortgages - ReutersNEW YORK, Nov 19 (Reuters) - Bonds backed by commercial real estate loans cratered for a second day on Wednesday on fears the fast-weakening U.S. economy could lead to a wave of defaults on loans on properties such as office buildings, retail stores ...
As US banks retreat, credit unions step up loans - Economic TimesOn November 5, the US Mortgage Bankers Association said its seasonally adjusted mortgage applications index fell in the week ending October 31 to its lowest level since December, 2000. Analysts have said that with the jobless rate at a 14-year high ...
UPDATE 3-Economy, TARP hits US commercial property debt, stocks - FXStreet.comNEW YORK, Nov 19 (Reuters) - The prices of bonds and stocks with exposure to commercial real estate plunged on Wednesday on fears the weakening U.S. economy could lead to a wave of defaults on loans for office buildings, retail stores, and hotels ...
UPDATE 2-Commercial mortgages seen at risk as economy weakens - FXStreet.comNEW YORK, Nov 19 (Reuters) - Bonds and stocks with exposure to commercial real estate cratered on Wednesday on fears the fast-weakening U.S. economy could lead to a wave of defaults on loans for office buildings, retail stores and hotels. Commercial ...
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