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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
Harrison mortgage rates news:
Financial News
Mortgage Fraud: Beware the Wolf (Loan Officer) in Sheep's Clothing - 24-7PressRelease.com
A retired mortgage banker turned consumer advocate creates a blog to advise US mortgage consumers to be wary of lenders offering deals that sound too good to be true. They may be accompanied by thousands of dollars in undisclosed/under disclosed ...

ECB FOCUS-ECB faces lengthy wait for rate cuts to hit home - Forbes
FRANKFURT, Jan 7 (Reuters) - If the European Central Bank was really hoping to start the new year with hard evidence that record interest rate cuts are helping the economy, it must be feeling disappointed. ECB President Jean-Claude Trichet has batted ...

New Orleans renovation project delays threaten lucrative GO Zone ... - New Orleans Times-Picayune
Matt Rose / The Times-Picayune Hopes are strong that $225 million in GO Zone bonds will be used to repair the Hyatt Regency hotel, which has been shuttered since Hurricane Katrina. Similar renovation projects using GO Zone money are delayed or ...

Economy Goes Cold - Leesburg Today
During the second half of 2007, the effects of a cooling real estate market were being felt in other areas of the county's economy and the national economy was entering recession. As 2008 opened, there was hope that Loudoun's super-heated housing ...

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