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Experts: McCain's rescue plan unlikely to aid capital much - Sacramento BeeRestrictions in a homeowner rescue plan proposed by Sen. John McCain would likely block thousands of struggling Sacramento-area borrowers from participating, analysts say. McCain, the Republican presidential nominee, made his proposal in Tuesday ...
Accord aims to save homes - Sacramento BeeThere may be a way out of trouble, after all, for thousands of Sacramento-area borrowers struggling with risky housing-boom mortgages from Countrywide Financial Corp. A legal settlement announced Monday by Countrywide parent Bank of America and ...
Jail slam for van scam duo - Appeal-DemocratA father and daughter who swindled almost $150,000 from members of their East Indian community were sentenced to jail Monday in Sutter County Superior Court. Harpreet Kaur, 23, and her father, Baljit Singh Samra, 49, talked Live Oak farm worker and ...

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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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