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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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Marinette home equity loans news:
Financial News
Update: Kagen opposes automakers' bailout; others from state open to ... - Green Bay Press-Gazette
Senate proposals to rescue the carmakers appear stalled because key Republicans oppose using more taxpayer money to rescue companies they consider badly managed. Congress approved $25 billion in federally subsidized loans through the Energy ...

Congress may not aid auto industry - Daily Tribune
WASHINGTON — Opposition in the lame-duck Congress may force the U.S. auto industry to wait until next year for federal aid. Senate proposals to rescue the carmakers appear stalled because key Republicans oppose using more taxpayer money to rescue ...

Layoffs forcing many to seek new skills - Green Bay Press-Gazette
Troy Zingler of Green Bay has spent about six months looking for a job in the paper industry following a layoff. He doesn't hesitate when talking about his desire to work. "I would leave here right now and start (working) if I could," he said, while ...

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