|
Fremont Bank
Fremont Bank is a retail and commercial bank and California mortgage lender. Founded in 1964, Fremont Bank is one of the oldest independent family-owned and managed banks in the state. It has 20 branches across the counties of Alameda, Contra Costa, Santa Clara, San Francisco and Monterey with retail loan offices in Sacramento and Los Angeles counties. History Fremont Bank was founded in 1964 by Morris Hyman, a World War II veteran who came to the Bay Area with his family in 1945. Morris died in October 2005. His three children now manage Fremont Bank. In 1968, Fremont Bank launched one of the first iterations of Saturday banking. In the late 1980s, Fremont Bank developed the “No Closing Cost” Loan Program which reduced the borrowers' costs of refinancing their mortgage with fees refunded at closing. These fees were a direct result of changes in mortgage lending practices that involved title insurance Title insurance is a form of indemnity insurance, predominantly f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Progressive Insurance
The Progressive Corporation is an American insurance company. Progressive is currently the #2 auto insurer in the United States behind State Farm. The company was co-founded in 1937 by Jack Green and Joseph M. Lewis, and is headquartered in Mayfield, Ohio. The company insures passenger vehicles, motorcycles, recreational vehicles (RVs), trailers, boats, personal water craft (PWC), and commercial vehicles. Progressive also provides home, life, pet, and other types of insurance through select companies. The company ranked #62 on the 2024 Fortune 500 list of the top American corporations. History Progressive was formed in 1937 by Joseph Lewis and Jack Green as Progressive Mutual Insurance Company. In 1956, the company found a niche by insuring more risky drivers. In 1965, Peter B. Lewis, son of Joseph Lewis, and his mother borrowed $2.5 million, pledging their majority stake as collateral, and completed a leveraged buyout of Progressive. In 1971, Progressive conducted an initial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Los Angeles County
Los Angeles County, officially the County of Los Angeles and sometimes abbreviated as LA County, is the most populous county in the United States, with 9,663,345 residents estimated in 2023. Its population is greater than that of 40 individual U.S. states. Comprising 88 incorporated cities and 101+ unincorporated areas within a total area of , it is home to more than a quarter of Californians and is one of the most ethnically diverse U.S. counties. The county's seat, Los Angeles, is the second most populous city in the United States, with 3,820,914 residents estimated in 2023. The county is the domicile of the U.S. motion picture industry since the latter's inception in the early 20th century. History Los Angeles County is one of the original counties of California, created at the time of statehood in 1850. The county originally included parts of what are now Kern, San Bernardino, Riverside, Inyo, Tulare, Ventura, and Orange counties. In 1851 and 1852, Los ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Escrow
An escrow is a contractual arrangement in which a third party (the stakeholder or escrow agent) receives and disburses money or property for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties. Examples include an account established by a broker for holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction; or, a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums. The word derives from the Old French word , meaning a scrap of paper or a scroll of parchment; this indicated the deed that a third party held until a transaction was completed. Types Escrow generally refers to money held by a third party on behalf of transacting parties. It is mostly used regarding the purchase of shares of a company. It is best known in the United States in the context of the real estate industry (specifically in m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Title Insurance
Title insurance is a form of indemnity insurance, predominantly found in the United States and Canada, that insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans. Unlike some land registration systems in countries outside the United States, US states' recorders of deeds generally do not guarantee indefeasible title to those recorded titles. Title insurance will defend against a lawsuit attacking the title or reimburse the insured for the actual monetary loss incurred up to the dollar amount of insurance provided by the policy. The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. Typically the real property interests insured are fee simple ownership or a mortgage. However, title insurance can be purchased to insure any interest in real property, including an easement, lease, or life estate. There are two types of policies – owner and le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage
A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "collateral (finance), secured" on the borrower's property through a process known as mortgage origination. This means that a Mortgage law, legal mechanism is put into place which allows the lender to take possession and sell the secured property ("foreclosure" or "repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Legal professions in England and Wales, Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken throu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Refinancing
Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, common forms of refinancing include primary residence mortgages and car loans. If the replacement of debt occurs under financial distress, refinancing might be referred to as debt restructuring. A loan (debt) might be refinanced for various reasons: #To take advantage of a better interest rate (a reduced monthly payment or a reduced term) #To consolidate other debt into one loan (a potentially longer/shorter term contingent on interest rate differential and fees) #To reduce the monthly repayment amount (often for a longer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
San Francisco Bay Area
The San Francisco Bay Area, commonly known as the Bay Area, is a List of regions of California, region of California surrounding and including San Francisco Bay, and anchored by the cities of Oakland, San Francisco, and San Jose, California, San Jose. The Association of Bay Area Governments defines the Bay Area as including the nine counties that border the estuary, estuaries of San Francisco Bay, San Pablo Bay, and Suisun Bay: Alameda County, California, Alameda, Contra Costa County, California, Contra Costa, Marin County, California, Marin, Napa County, California, Napa, San Mateo County, California, San Mateo, Santa Clara County, California, Santa Clara, Solano County, California, Solano, Sonoma County, California, Sonoma, and San Francisco County, California, San Francisco. Other definitions may be either smaller or larger, and may include neighboring counties which are not officially part of the San Francisco Bay Area, such as the Central Coast (California), Central Coast c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sacramento County
Sacramento County () is a county located in the U.S. state of California. As of the 2020 United States census, the population was 1,585,055. Its county seat is Sacramento, which has been the state capital of California since 1854. Sacramento County is the central county of the Greater Sacramento metropolitan area. The county covers about in the northern portion of the Central Valley, on into Gold Country. Sacramento County extends from the low delta lands between the Sacramento River and San Joaquin River, including Suisun Bay, north to about beyond the State Capitol and east into the foothills of the Sierra Nevada Mountains. The southernmost portion of Sacramento County has direct access to San Francisco Bay. Since 2010, statewide droughts in California have further strained Sacramento County's water security. History Sacramento County was one of the original counties of California, which were created in 1850 at the time of statehood. The county was named after t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fremont, California
Fremont () is a city in Alameda County, California, United States. Located in the East Bay region of the San Francisco Bay Area, Bay Area, Fremont has a population of 230,504 as of 2020, making it the fourth List of cities and towns in the San Francisco Bay Area, most populous city in the Bay Area, behind San Jose, California, San Jose, San Francisco, and Oakland, California, Oakland. It is the closest East Bay city to the high-tech Silicon Valley network of businesses, and has a strong tech industry presence. The city's origins lie in the community that arose around Mission San José (California), Mission San José, founded in 1797 by the Spanish under Padre Fermín Lasuén. Fremont was incorporated on January 23, 1956, when the former towns of Mission San José, Centerville, Niles, Irvington, and Warm Springs unified into one city. Fremont is named after John C. Frémont, a general who helped lead the American Conquest of California from Mexico and later served as Military Gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monterey County
Monterey County ( ), officially the County of Monterey, is a county located on the Pacific coast in the U.S. state of California. As of the 2020 United States census, its population was 439,035. The county's largest city and county seat is Salinas. Monterey County comprises the Salinas, California, Metropolitan Statistical Area. It borders on the southern part of Monterey Bay, after which it is named (northern half of the bay is in Santa Cruz County). Monterey County is a member of the regional governmental agency: the Association of Monterey Bay Area Governments. Scenic features along the coastline - including Carmel-by-the-Sea, Big Sur, State Route 1, and the 17 Mile Drive on the Monterey Peninsula - have made the county famous around the world. Back when California was under Spanish and Mexican rule, the city of Monterey was its capital. Today, the economy of the county is mostly based on tourism in its coastal regions, and on agriculture in the region of the Sal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
San Francisco County
San Francisco, officially the City and County of San Francisco, is a commercial, financial, and cultural center of Northern California. With a population of 827,526 residents as of 2024, San Francisco is the fourth-most populous city in the U.S. state of California and the 17th-most populous in the United States. San Francisco has a land area of at the upper end of the San Francisco Peninsula and is the fifth-most densely populated U.S. county. Among U.S. cities proper with over 250,000 residents, San Francisco is ranked first by per capita income and sixth by aggregate income as of 2023. San Francisco anchors the 13th-most populous metropolitan statistical area in the U.S., with almost 4.6 million residents in 2023. The larger San Jose–San Francisco–Oakland combined statistical area, the fifth-largest urban region in the U.S., had a 2023 estimated population of over nine million. Prior to European settlement, the modern city proper was inhabited by the Yelamu. O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
