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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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Bryan mortgage rates news:
Financial News
2008 was the year of disappearing brands - Boston Globe
NEW YORK - Shoppers won't be picking up ornate lamps from the Bombay Co. in the coming year. Or investing with Lehman Brothers and Bear Stearns. No flying to Hawaii on Aloha Airlines, either. All those names vanished this past year, victims of the ...

Second chance slips away - NorthJersey.com
Federal banking regulators are tracking a new and ominous statistic, the loan re-default, which is when a borrower falls behind again on mortgage payments after loan terms were changed to avoid foreclosure. In New Jersey and elsewhere, government ...

Just the facts - Asia Times
For the holiday week, the S&P500 jumped 6.8% ('08 decline 38.5%) and the Dow gained 6.1% (down 33.8%). The broader market also rallied sharply into year-end and to begin the New Year. The small cap Russell 2000 jumped 6.1% (down 34.8%) and the S&P400 ...

Foldy named to head state's public health division - Milwaukee Journal Sentinel
Jan. 3, 2009 2:36 p.m. | Dr. Seth Foldy, the former health commissioner for the City of Milwaukee, has been named the state's Administrator of the Division of Public Health. "Dr. Foldy brings a record of leadership and a wealth of experience on ...

Weather advisory issued for area until 9 a.m. Sunday - Milwaukee Journal Sentinel
Jan. 3, 2009 8:36 p.m. | The National Weather Service has issued a winter weather advisory from now until 9 a.m. Sunday as freezing rain is expected to move into an area running from Green Lake to Kenosha. The freezing rain is not expected to cause ...

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