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Today's Mortgage Terms starting with J Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage. Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first. View all Terms

Jackson mortgage loan news:

Bernanke: lower interest rates are ‘‘feasible’’ - Jackson Sun
WASHINGTON — Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are ‘‘certainly feasible,’’ but he warned there are limits to how much such action would revive an economy likely to stay weak well into next ...

Feds pledge $800B to loosen credit - Jackson Sun
WASHINGTON - Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit cards, auto loans, mortgages and other borrowing. Total ...

People in Business - Nashville Tennessean
Tennessee State Board of Accountancy has announced candidates who are Nashville residents who passed the Uniform Certified Public Accountant examination: James N. Lane, April L. Mitchell and Chandar A. Reed of Antioch; Robert A. Argo, Amy E. Mitchell ...

Lenders halt home foreclosures for the holidays - Orlando Sentinel
Just in time for the holidays, mortgage lenders in Florida have agreed to voluntarily halt new foreclosures against homeowners for the next 45 days, Gov. Charlie Crist said Monday. The move comes a week after Crist said he was considering an ...

Great Wolf talking with lenders about mortgage extension - Milwaukee Journal Sentinel
Dec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...

Bold Obama ready to score in the clutch - Chicago Sun-Times
In tight basketball games, there comes a point toward the end of the game when all is decided. A decisive play, confidence soars on one team and wanes on the other, momentum swings. In crunch time, stars show their stuff. They step up when others are ...

Firstwatch: What's ahead in the news today - Milwaukee Journal Sentinel
Some particular groups are hoping for a little extra heat. Movie studios are hoping consumers will thaw their wallets for their DVD releases . “The Chronicles of Narnia: Prince Caspian” and “I Want To Believe,” the “X-Files” movie, are ...

The House Folds: The Housing Market and Irrational Exuberance - Nation
Nicholas von Hoffman : Forget big bailouts. The fed should finance non-profit state banks like the Bank of North Dakota--no profit means no reason for bankers to misbehave--to get real money to real people in the real economy. Max Fraser : The ...

The Madness of Crowds - Commentary Magazine
Fueled by easy credit, the real-estate market had been rising swiftly for some years. Members of Congress were determined to assure the continuation of that easy credit. Suddenly, the party came to a devastating halt. Defaults multiplied, banks began ...

Letter from Langdon: I got a government bailout - Prairie Star
Linda and I were married right out of high school in 1968. I remember when her Dad told us that as married adults, it was up to us to pay for the insurance on her car. We called the insurance agent, Jim, to tell him things were changing, and he ...