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News about Mortgages:
Home Front: Home inventory trimmed in capital, W. Sac - Sacramento BeeAfter such a long spell of lousy news on the housing front – for sellers and owners, that is – here's a surprise: In today's housing market, there are just 3.9 months of for-sale inventory in Sacramento County and West Sacramento. The number ...
Other Features - Sacramento Business JournalNew COO for UCD Med Center [Friday] California PUC says no to renewable energy measure [Friday] McAfee won't renew Oakland stadium naming rights deal [Friday] SEC adopts short-selling ban [Friday] Globe Mills wins redevelopment award [Friday] BofA ...
Federal intervention won't end local housing crisis, but it could help ... - Sacramento BeeFederal intervention in the financial system could wipe billions of dollars in bad mortgage debt off the books of Wall Street. But will it help end the housing crisis in Sacramento? Not directly, analysts say. But eventually it could help curb the ...
Nearly 16% of Homeowners Who Bought in the Past Year Have Negative ... - PR NewswireSEATTLE, Nov. 20 /PRNewswire/ -- Home values nationwide declined for the fourth consecutive quarter, down 5.7 percent year-over-year -- the largest year-over-year decline in more than a decade, according to Zillow's Q3 2007 Home Value Report (1 ...
Wiped-out investors left looking at castle - Santa Rosa Press DemocratFormer clients of embattled Santa Rosa financial adviser Gary Armitage are getting ready to storm the castle -- literally. The Brigadoon Castle, formerly a bed and breakfast, includes 30-foot ceilings, Italian marble baths and a two-story cottage. As ...

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Today's Mortgage Terms starting with S
Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.
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