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News about Mortgages:
Mortgage rates fall to record low - Sacramento Business JournalAverage rates on long-term mortgages fell to the lowest level since at least 1971, when Freddie Mac started keeping track. Freddie Mac (NYSE: FRE) says the average 30 year fixed-rate mortgage fell to 5.01 percent this week, the 10th straight weekly ...
Financial Expert Educates Readers on Mortgage Crisis - Newsblaze.comSacramento author Rick Perea asserts that the current mortgage crisis did not result because homeowners are poor money managers or lack the mental capacities to control their mortgage. The mortgage crisis, he says, has developed from the majority of ...
Cash back mortgage fraud fleeces lenders - San Francisco ExaminerSacramento resident Derek Davis, aka Terry McCullough, pled guilty in a federal court to mail fraud and fraudulently structuring currency transactions in conjunction with a "cash back" real estate loan fraud operation in 2005 and 2006. Davis was ...
Courson picked to lead Mortgage Bankers Association - Sacramento Business JournalJohn Courson, the chief operating officer of Mortgage Bankers Association, on Monday was named president and chief executive officer of the national association. “John brings to MBA a wealth of experience and industry knowledge, and I am confident ...
Lots of new faces on list of area's top 10 lenders - Sacramento BeeOver the past two years, Wells Fargo Bank and Bank of America have remained the top two mortgage lenders in the Sacramento region but much of the rest of the market has been upended, according to La Jolla-based research firm MDA DataQuick. Of the ...
Home Front: Sacramento-area real estate market befuddled the experts - Sacramento BeeSo begins a new year in the Sacramento real estate market, remarkably making its case as the fourth straight year of a downturn. A slump that began with nervous whispers in the summer of 2005 has escalated into a prolonged economic crisis that ...
In 2009, Sacramentans Hope for Progress - Sacramento UnionThe Union hit the streets last week to inquire what resolutions people around the community might have for the present new year and how they felt about 2008. The survey, as one might suspect, resulted in a variety of responses, many of which ...
Governor Vetoes Budget Bill - KXTV News10NetSACRAMENTO, CA - Tuesday evening, Governor Arnold Schwarzenegger vetoed 15 bills. Among them, the legislature's $18 billion budget plan. In a letter sent to Assemply Speaker Karen Bass and Senate President pro Tempore Darrell Steinberg ...
Governor vetoes Demo budget proposal - Modesto BeeSACRAMENTO — State budget negotiations collapsed Tuesday in a war of words and a round of vetoes, as Gov. Schwarzenegger rejected a Democratic deficit reduction plan that fell short of meeting his demands. The move forces state leaders to ...
Fitch Downgrades Marshall Medical (CA) Bonds to 'BBB-'; Outlook ... - PR Inside-- $22,300,000 hospital revenue refunding bonds, 1998 series A (insured by Cal Mortgage, whose IFS is rated 'A+'); -- $9,700,000 hospital revenue refunding bonds, 1993 series A (insured by Cal Mortgage, whose IFS is rated 'A+'). The rating downgrade ...
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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