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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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Dearborn home equity loans news:
Financial News
S&P cuts PNC ratings after National City purchase - Cleveland Plain Dealer Blog
NEW YORK -- Standard & Poor's has cut its investment-grade credit ratings on PNC Financial Services Group Inc. by one notch, due to some concerns over the bank's acquisition of National City Corp. Standard & Poor's Ratings Services said the ratings ...

Big S&P Rally Means Low Probability of IPO Rebound Before 2011 - Bloomberg
Jan. 5 (Bloomberg) -- Even if the Standard & Poor’s 500 Index rallies 24 percent this year, there’s little chance of a similar rebound in U.S. initial public offerings. It may take until 2011 for the number of companies going public to return to ...

Automakers weather sales declines for 2008 - Pasadena Star-News
Automakers reported hefty sales declines for 2008, and one local dealership said many GM dealers were close to failing before the $17 billion industry bailout was approved. Ford Motor Co.'s sales for 2008 fell 21 percent from a year earlier, keeping ...

FORD'S DECEMBER SALES DROP 32 PERCENT - New York Post
DETROIT - Ford Motor Co.'s U.S. sales plummeted 32 percent in December and Toyota Motor Corp.'s fell 37 percent as car and truck buyers continued to steer clear of showrooms due to the dismal economy. Ford's sales for 2008 fell 21 percent from a year ...

Even after bailout loan and perhaps more help on the way, Chrysler ... - Minneapolis Star Tribune
Is Chrysler a lost cause? Treasurys down after $30 billion note auction Citgo extends free fuel after Chavez intervention Obama names special watchdog for federal spending Brazil stocks down early amid profit-taking DETROIT - Even by the standards of ...

Can Chrysler make it, or is it all over? - Hampton Roads Daily Press
DETROIT - Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors , and analysts say it probably won't survive the year as an independent ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. While most of Monday at the InBev-Anheuser-Busch takeover war was focused on the skirmish over the Belgian-Brazilian brewer’s desire to ...

Analysts: Chrysler not likely to survive the year despite aid - Charleston Post & Courier
New cars sit in a Chrysler lot in December in Peabody, Mass. Chrysler’s 53 percent drop in December sales was far worse than Ford Motor Co. or General Motors Corp. -- Chrysler LLC, which includes the Chrysler, Dodge and Jeep brands, sold 1,453,122 ...

Analysis: Is Chrysler a lost cause? - Charleston Daily Mail
DETROIT -- Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors, and analysts say it probably won't survive the year as an independent ...

Analysts say Chrysler is a lost cause - Kingsport Times-News
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