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News about Mortgages:
Foreclosures to ease, but bounce back in 2010 - Inland NewstodayRIVERSIDE – One housing official has a grim home foreclosure outlook. While things may improve in 2009, Emilio Ramirez, Director of Housing for the Riverside County Economic Development Agency, is pessimistic about the longer term. “There will be ...
Beware the Wolf (Loan Officer) in Sheep's Clothing - 24-7PressRelease.comA retired mortgage banker turned consumer advocate creates a blog to advise US mortgage consumers to be wary of lenders offering deals that sound too good. They may be accompanied by thousands of dollars in undisclosed/under disclosed (hidden) lender ...
Investors returning to Inland housing scene - Riverside Press EnterpriseAfter retreating in fear from housing's sudden collapse, those who buy homes as an investment are reappearing in Inland Southern California's beaten down marketplace. Sharply discounted foreclosed properties are luring back the first wave of ...
Latino immigrants sending less money home; other signs of financial ... - Riverside Press EnterpriseLatin American immigrants are sending less money to family members in their home countries, a study released Thursday found. The report also found that 9 percent of Latino homeowners had missed at least one mortgage payment in 2008. The drop in ...
Foreclosure bumper crop for California in 2008 - Los Angeles Times BlogsCalifornia mortgage defaults and foreclosure sales shot up 131% in 2008 over the previous year, according to real estate data provider Default Research Inc. and reported by Bloomberg News on Tuesday. The jump accompanied steep home price declines ...
New businesses - Providence JournalADAM AARON KALIDA, LLC: M: Agna N. Khan, 218 Union Ave., Providence 02909. A: Mehdmood Qureshi, 218 Union Ave., Providence 02909. Ferguson & Shamamian Architects, LLP: A: Ct Corp. System, 10 Weybosset St., Providence 02903. Architecture. RI Widget ...
Valley saw surge in foreclosure filings in 2008 - San Jose Mercury NewsHere's a somber statistic for Silicon Valley: Foreclosure activity increased at a faster clip in Santa Clara County last year than in any other California county, a foreclosure information service said Tuesday. Foreclosure filings rose 239 percent ...
PARKS SENT TO CYBERIA - New York PostNo more Googling in the park. Free wireless Internet connections in city parks are the latest victims of the free-falling economy. Wi-Fi Salon, the company under contract with the city to provide the free connections, had to pull the plug when ...
ECONOMY: Bankruptcies rise steeply, especially for businesses - North County TimesMore San Diego County residents and businesses sought to discharge debts in bankruptcy court last year, according to court filings and local attorneys. About 13,640 debtors filed initial petitions in the San Diego branch of U.S. Bankruptcy Court ...
Housing Push for Hispanics Spawns Wave of Foreclosures - Wall Street JournalCalifornia Rep. Joe Baca has long pushed legislation he said would "open the doors to the American Dream" for first-time home buyers in his largely Hispanic district. For many of them, those doors have slammed shut, quickly and painfully. Mortgage ...
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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