Riverside Mortgage Rates and Information Online from competing Lenders

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REAL ESTATE: Second indictment in foreclosure investigation - North County Times
RIVERSIDE ---- A Murrieta resident pleaded not guilty to charges of mortgage fraud late Wednesday afternoon in the second criminal prosecution to stem from a group of 120 foreclosed houses in the area. A federal grand jury indicted Dow Duncan on two ...

Owner, 32, looted East Providence title business - Providence Journal
PROVIDENCE — The former owner of a title insurance firm in East Providence pleaded guilty yesterday to a federal fraud charge for looting more than $1.3 million from company accounts and using the money for vacations, hair care, cosmetics and ...

Inland Empire Prepares for 350,000 Foreclosures - PLANetizen
Local and regional governments in Riverside County, California, have assembled a "Red Team" task force to mitigate the impacts of the foreclosure crisis in the fastest growing region in the state. "For example, there were approximately 360,000 homes ...

Interest rates fall; economist disagree of effects - Riverside Press Enterprise
A plunge in mortgage interest rates has triggered a burst of applications for refinancing that real estate industry analysts hope will fuel home sales and lead to a housing recovery. However, some industry observers said they do not believe lower ...

Local business briefs -- 12/04 - Riverside Press Enterprise
Riverside-based Provident Financial Holdings, parent of Provident Savings Bank, announced Wednesday it will participate in a temporary new federal program aimed at boosting bank confidence by expanding deposit insurance coverage. A news release said ...

Wallick & Volk Expanding in California - Earthtimes
CHEYENNE , Wyo., Dec. 3 /PRNewswire/ -- ... "We're strong ... We're Growing ... and we have money to lend!" The current market environment has given us the opportunity to grow our business in locations that are showing signs of stabilization and ...

S.B. County tackles foreclosures - Victorville Daily Press
The San Bernardino County Board of Supervisors Monday launched what officials say is a "bold economic recovery plan" to address area foreclosures and the mortgage meltdown. The Board of Supervisors unanimously approved a plan to contract with the ...

From Bust to Broom: Mortgage crisis a boon for foreclosure cleanup ... - Chicago Tribune
FORT EDWARD, N.Y. (AP) _ Several men wordlessly carry out furniture, broken computers and boxes of garbage from a large blue house on a quiet upstate street on a brisk autumn morning. Rusting bikes and an old grill lay discarded in the overgrown ...

John Steele refused help, and now he's gone - Baltimore Sun
J ohn A. Steele Sr. was cremated without ceremony. Only his estranged wife and children attended the brief service at the Charles L. Stevens Funeral Home in Locust Point . No words were spoken. No death notice appeared in the paper. No obituary was ...

Shots Fired at California Toys R Us; 2 People Reported Dead - FOX News
Riverside County sheriff's Sgt. Dennis Gutierrez said Palm Desert police got a call saying shots had been fired inside the store. One juvenile is in custody, according to unconfirmed reports. The store is on lockdown, and KTTV in Los Angeles is ...

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Today's Mortgage Terms starting with I

  • Index: An index is usually a widely published market rate such as LIBOR, T-Bill or 11th District Cost of Funds (COFI). Lenders use these indices to set the interest rates charged on mortgage loans. For ARM, a predetermined margin is added to the index to calculate the interest rate adjustment.
  • Initial Rate: The rate charged for the first interval of an ARM loan.
  • Interest: Compensation in the form of money paid for the use of money.
  • Interest Rate Cap: Caps limit the range that the interest rate on an adjustable rate mortgage can change in an adjustment interval during the term of the loan.
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