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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
Santa Barbara mortgage loan news:
Financial News
Mortgage Foreclosures - The Ledger
Mortgage foreclosures filed with the civil division of the Circuit Court for January 2008. Names in bold are the subject of, or have an interest in, the foreclosure action. Lighter names filed the foreclosure action. Roig, Francisco, Marlenis ...

Bank of America settles lawsuit over bad mortgages - Santa Cruz Sentinel
SPRINGFIELD, Ill.—Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes, the Illinois attorney general's office said Sunday ...

Bank of America to pay $8 billion to settle suits over bad mortgages - Santa Cruz Sentinel
SPRINGFIELD, Ill. — Facing a lawsuit over deceptive mortgage practices, Bank of America is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes. Charlotte, N.C.-based Bank of America ...

Wall Street bailout harkens back to S&L crisis - Seattle Times
The $700 billion bailout of Wall Street's subprime-tainted securities hearkens back to the real-estate bets that sparked the savings-and-loan crisis in the 1980s. The geography is the same, too. Then, as now, the government created a taxpayer-funded ...

Subprime Devastation Retraces Path of S&L Crisis in U.S. States - Bloomberg
Oct. 8 (Bloomberg) -- The $700 billion bailout of Wall Street's subprime-tainted securities harkens back to the real- estate bets that sparked the savings and loan crisis in the 1980s. The geography's the same, too. Then, as now, the government ...

Herb Sandler takes on SNL after snark attack - San Francisco Gate
Shooting back at SNL: Herb Sandle r's been "listening to this crap for two years," and he's not going to take it anymore. Especially after "Saturday Night Live" labeled him and his wife, Marion , former owners of Oakland's Golden West Financial (nee ...

Bush administration cranks up bailout program - Los Angeles Times
WASHINGTON -- The Bush administration took its first steps Monday to implement the $700-billion bailout for the financial system, tapping a Treasury Department official to lead efforts to buy securities tied to troubled loans and soliciting ...

Martin and St. Lucie counties public records: Oct. 6 - Fort Pierce Tribune
•Louis Rocco Divito v. Patrick Exterminating Inc., John Richard Ludlow. •Kim Chartier v. Michelle E. Lavere. •Robert M. Murray DMD v. Grace L. Baginski DDS. •Treasure Coast Harley Davidson v. Cinnamon Rene Rawls. •Morton S. Bouchard III ...

item immediately below - Slate
Does MSNBC (Olbermann et. al) really want Obama to win? Won't their ratings be higher in 2009 if they represent the angry opposition--as opposed to the disillusioned party in power? Just a thought. ... P.S.: This factor might cause them not to worry ...

Undernews: Rezko Alert - Slate
McCain wants to fire Chris Cox as head of the Securities and Exchange Commission and appoint ... Andrew Cuomo , under whose leadership the federal Department of Housing and Urban Development damaged several New York neighborhoods when it permitted ...

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