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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
Washington mortgage quotes news:
Financial News
Soaring deficit may pose threat to Obama stimulus plan - Tri-City Herald
WASHINGTON The forecast Wednesday of a jaw-dropping $1.2 trillion one-year federal budget deficit will make it harder for President-elect Barack Obama to win broad support for a massive stimulus package that would add even more to the red ink. With ...

BRIEF-Rep. Frank: Curbing mortgage foreclosures should be No. 1 ... - Forbes
WASHINGTON, Jan 5 (Reuters) - U.S. Rep. Barney Frank, a Massachusetts Democrat and chairman of the House Financial Services Committee, in a CNBC television interview: * Says the Democrats' economic stimulus package 'will help improve the quality of ...

Stock & fund quotes - ninemsn
European and Asian stock markets rose sharply on Friday after a horrendous 2008 for equities as the global economic crisis took hold. In early European trade, London's FTSE 100 index of leading shares rose 0.54 per cent, the Frankfurt DAX jumped 1.38 ...

IndyMac deal slowed by Fannie mortgage issues-source - Forbes
WASHINGTON, Jan 2 (Reuters) - The pending sale of failed mortgage lender IndyMac hit a snag as mortgage giant Fannie Mae negotiates with federal regulators over the value of about $1 billion in obligations it believes IndyMac owes it, according to a ...

The best & worst quotes of 2008 - Statesman Journal
The crash of the economy and the rise of Barack Obama were the big stories of the last year, and both were hot topics in interviews with pundits, authors, think tank experts and newsmakers. "The government has brought on the housing problem, partly ...

The year in quotes: Interviews from '08 - Leaf Chronicle
"The government has brought on the housing problem, partly by these very low interest rates, which encouraged many people to go way out on a limb. They've brought it on by highly restrictive building policies, which have caused housing prices to ...

The 99 most memorable, interesting and outrageous political quotes of ... - Enter Stage Right
The year 2008 was politically the most exciting and unusual in a generation. It hosted a long, divisive and drama filled campaign season that featured the rapid rise and fall of Rudy Giuliani, Fred Thompson and Mike Huckabee, the unlikely rise of ...

Mortgage Rates Hover Around 5.00% - Earthtimes
30-Year Rate Now at 4.98%, According to Zillow (R) Mortgage Rate Monitor SEATTLE , Jan. 6 /PRNewswire/ -- Thirty-year mortgage rates increased slightly last week for the second consecutive week. The weekly average rates for 30-year fixed mortgages ...

New businesses - Providence Journal
ADAM AARON KALIDA, LLC: M: Agna N. Khan, 218 Union Ave., Providence 02909. A: Mehdmood Qureshi, 218 Union Ave., Providence 02909. Ferguson & Shamamian Architects, LLP: A: Ct Corp. System, 10 Weybosset St., Providence 02903. Architecture. RI Widget ...

DIARY - Day ahead in the FX and debt markets - CNBC
This diary is a summary of key events likely to affect trading in the Forex and debt markets. All times GMT. ----- Top FX News: Top Fixed Income News: Top Macroeconomic News: European equities ...

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