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March teacher layoffs roar into local districts - Appeal-DemocratMarch teacher layoffs roar into local districtsAppeal-DemocratYuba City Unified School District for years was able to avoid layoffs as well but the school district, which will issue up to l00 layoff notices that ...and more »
Sacramento-area home sales dismal in February - Sacramento BeeSacramento-area home sales dismal in FebruarySacramento BeeBut prospects for spring are stronger with thousands of new sales contracts blossoming across the region, say real estate agents and mortgage brokers. ...
Appraiser runs for Sutter assessor - Appeal-DemocratAppraiser runs for Sutter assessorAppeal-DemocratIn an interview Wednesday, the 48-year-old Yuba City resident promised to actively seek re-valuations so that fewer homeowners would have to start the ...
Interthinx Q4 fraud risk report finds levels elevated, but unchanged - National Mortgage Professional MagazineNational Mortgage Professional MagazineInterthinx Q4 fraud risk report finds levels elevated, but unchangedNational Mortgage Professional Magazine... high mortgage fraud risk has increased from the last quarter, with four additional counties (Santa Barbara, Madera, Yuba and Sutter) breaching the 200 ...
Sacramento area home sales remain depressed, but Sacramento County prices rise - Sacramento BeeSacramento area home sales remain depressed, but Sacramento County prices riseSacramento BeeBuyers and sellers closed 2464 February escrows in Amador, El Dorado, Nevada, Placer, Sacramento, Sutter, Yolo and Yuba counties, La Jolla researcher MDA ...

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Today's Mortgage Terms starting with M
Margin: The percentage difference between the index for a specific loan and the interest rate charged. This is a number already set by the lender.
Market Value: The price at which a given property or product is transacted between a willing, unhurried buyer and a seller who know all the pertinent facts about the property.
Mortgage Banker: A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
Mortgage Broker: A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.
Mortgage Insurance: It is insurance to protect the lender in case you default on your loan. With conventional loans, mortgage insurance is generally not required if you make a down payment of at least 20% of the home's appraised value. It is also known as PMI (Private Mortgage Insurance).
Mortgage Loan: A loan for which a specific real estate property serves as collateral to provide for repayment in case of default.
Mortgage Refinance: A refinanced mortgage is one in which a borrower pays down an old loan with a new loan. People who refinance a mortgage tend do so to get a lower interest rate, lowering their payments or to take cash out of their home equity.
Mortgagee: The lender in a mortgage loan relationship. Property is used as collateral to make payment.
Mortgagor: The borrower in a mortgage loan relationship. Property is used as collateral to make payment.
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