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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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Clinton mortgage rates news:

Government takes over Fannie Mae, Freddie Mac - Reuters
WASHINGTON (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest federal bailout ever, in a bid to support the U.S. housing market and ward off more ...

Obama’s stump speech plays to fears, hopes - Las Vegas Sun
As Barack Obama paces before 15,000 people with a hand-held microphone, it's easy to assume his 30-minute talk is more or less a free-associating string of talking points and applause lines. In fact, it's a carefully organized four-part argument ...

Unemployment climbs past 6 percent for 1st time in 5 years, raising ... - Minneapolis Star Tribune
"Almost back to the unemployment rate Bush inherited..." Looking at the official BLS figures, we see: Carter inherited a 7.5% UE rate in … read more 1977. Reagan inherited a 7.5% UE rate in Jan 1981. GHWB inherited a 5.4% UE rate in Jan 1989 ...

The Jobless Jump - Wall Street Journal
Friday's jobs report for August was dismal by any measure, with payrolls falling by 84,000, and another 58,000 jobs lost in downward revisions for June and July. Private sector job losses were even higher at 101,000 for the month, and overall job ...

Realtors predict improvement - Press Republican
PLATTSBURGH -- Not surprisingly, realtors see the current sub-prime mortgage crisis as a perfect time to buy. They also believe that sub-prime lending has its purpose if done in a responsible manner, and more regulatory scrutiny is on the way that ...

GOP policies are far from fiscally responsible - Las Vegas Sun
I am so tired of Republicans’ labeling the Democrats as tax-and-spend liberals. Republicans apparently think all forms of taxation are evil and must be avoided at all costs. However, it seems they have forgotten that without some form of taxation ...

Brasch Words - American Reporter
BLOOMSBURG, Pa. -- President George W. Bush gazed into the cameras on a Tuesday morning in July and tried to assuage the fears of about 300 million Americans who believed they were in the middle of a recession. "The economy is growing," said the ...

Serving the communities of: - Livingston Parish News
There are no disciples of small government in the Democratic Party, and Barack Obama fits right in. His economic program is based on the assumption that the economy is to the president what a marionette is to a puppeteer, requiring his direction and ...

McCain's Annoying Little Fraud - Slate
( Pierre, S.D .) McCain would like everyone to think his campaign imploded last summer because of his courageous support for the surge in Iraq : I fought for the right strategy and more troops in Iraq, when it wasn't a popular thing to do. And when ...

McCain misdelivers a mediocre speech. - Slate
McCain Speech React: I predicted McCain's would be a good speech. Wrong again. That makes two successful conventions ending with weak final acts. 1) McCain screwed up what was potentially the most effective part of the speech, where he blames his own ...