Archive for: November 19, 2006

Escrow is money deposited with a third party to be delivered upon the fullfillment of a condition agreed upon.  Such as money deposited - put in escrow until delivered to the seller at the closing.

An escrow account is the amount …

Fannie Mae is the nickname for Federal National Mortgage Association. It is a government-chartered non-bank financial services company.  It is the nation’s largest source of financing for home mortgages. It was started to make sure mortgage money is available in all …