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News about Mortgages:
Fitch Affirms HomEq's Resi Servicer Ratings - PR Inside--The primary servicer rating for Subprime product affirmed at 'RPS1;' --The primary servicer rating for Alt-A product affirmed at 'RPS1;' --The special servicer rating affirmed at 'RSS1'. The servicer rating affirmations are based on the continued ...
Home Front: Seniors get aid in staying in touch - Sacramento BeeThe time is here when can you live 3,000 miles from your mom and get a text message if she's not out of bed by noon. And if your aging dad forgets to open the medicine box to take his heart pills, that's another digital alert on your cell phone ...
Saturday Readers Forum: Converting the bailout to a "honey pot" still ... - Contra Costa TimesTREASURY SECRETARY Henry Paulson wants to convert the $700 billion TARP (Troubled Asset Recovery Program) from rifle-shot assistance for financial institutions into a "honey pot" for any ailing entity. TARP's purchase of equity interests in private ...
Foreclosure mediation, relief for the 'little guy’ - Minneapolis Star TribuneMinnesota Attorney General Lori Swanson outlined a plan Thursday to force mortgage lenders to negotiate with homeowners before foreclosing on their homes. With an anticipated 36,000 Minnesota homeowners facing foreclosure in 2009, Swanson said she ...
California jobless rate soars to 8.2% - Sacramento BeeCalifornia's unemployment isn't just getting worse. It's getting worse faster. With the economic slowdown deepening at an alarming pace, statewide unemployment shot up a half a point last month to 8.2 percent, the Employment Development Department ...
Foreclosure moratorium bill at a standstill in Assembly - Riverside Press EnterpriseLegislation proposed last week by Assembly Democrats to pressure lenders to help struggling borrowers stay in their homes will not happen this month, and possibly not until the new year. The bill was prompted by concern about the high number of ...
Americans travel abroad for crucial surgery - PhysOrgBefore getting two artificial disks to ease the grinding pain in his back, Wayne King asked prospective surgeons where they trained and how many disk replacements they had done. Then he flew to Malaysia for the operation. Rising health costs and ...
Home Prices Rise in Some Metros, Buyers More Active in Other Areas - EarthtimesWASHINGTON , Nov. 18 /PRNewswire/ -- Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing-home sales fell in 32 states from the second quarter, according to the latest quarterly ...
GAINES REACTS TO DEMOCRATS’ FORECLOSURE PLAN - Auburn JournalSACRAMENTO –Assembly Banking and Finance Committee Vice-Chair Ted Gaines, R-Roseville, today issued the following statement in response to the mortgage foreclosure plan unveiled today by Assembly Democrats for consideration in the special ...
Real Estate Agents Conned Banks Out Of Millions - CBS 13/CW31 SacramentoROSEVILLE (CBS13) ― More than a dozen potential homeowners were allegedly conned out of millions by their own real estate agents. One of those agents, 39-year-old Dino Rosetti of Roseville, is accused of fraudulently obtaining loans on 16 homes in ...
Today's Mortgage Terms starting with J
Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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