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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.

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Dade mortgage loan news:
Financial News
Condo near Freedom Tower gets loan extension - Birmingham Business Journal
Pedro Martin and his development company have received a 22-month extension on a mortgage on the site where he plans to build a massive condo behind Miami’s landmark Freedom Tower. At a time when iStar FM Loans has been particularly aggressive in ...

Great Fla. Bank foreclosure targets 234 units - MSN MoneyCentral
Coral Gables-based Great Florida Bank has filed its first major foreclosure lawsuit as it seeks to repossess 234 units in three separate projects across south Miami-Dade County. The bank (Nasdaq: GFLB) filed a notice of foreclosure on Christmas Eve ...

Foreclosure sought against Paramount Beach condo site - MSN MoneyCentral
The beachfront site planned for the Paramount Beach condo in Sunny Isles Beach could become a tropical repossession for iStar FM Loans, which filed a foreclosure lawsuit against the developer a few days before Christmas. The site plan called for a 47 ...

Company Profile for First BanCorp - Businesswire.com
--( BUSINESS WIRE )--First chartered in 1948, FirstBank was the first S&L institution established in Puerto Rico with a capital of $200,000. Since its inception the bank played a fundamental role in improving the quality of life in Puerto Rico, by ...

Longtime Pasco County banker Phil Chesnut retires - St. Petersburg Times
Phil Chesnut, managing director of Republic Bank in Port Richey, is retiring. His career began at the age of 18 at Ellis First National Bank of New Port Richey. PORT RICHEY — When Phil Chesnut started his banking career, accounts came only with ...

Condo Meltdown - Daily Business Review
arge holiday discounts weren’t just limited to retailers hoping to move inventory off shelves in a recession year. Jim Clark, a Silicon Valley entrepreneur-turned-developer, apparently took the same approach to liquidate unsold condos at his ...

Franken Named Minnesota Winner - Nation
After weeks of Minnesota recount wrangling over the close contest between Republican Senator Norm Coleman and Democratic-Farmer-Labor Party challenger Al Franken, the state canvassing board has certified Franken as the winner. The canvassing board ...

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