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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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Wayne mortgage loan news:

Lending is not all doom, gloom - Daily Record
WOOSTER " Home buyers looking for credit and financing can still get what they need, but there's definitely a push for more secure lending and responsible borrowing, several area bankers said Friday. "Maybe we're getting back to where we were 20 ...

Property transfers - Herald-Standard
Property transfers listed in the Fayette County recorder of deeds office from Nov. 14 through Nov. 20 were as follows: Alex Merkosky and others to Terry L. Smitley and others, property in North Union Township for $2,000. Geremia Scotto-Diluzio to ...

Loan losses are hurting insurers - Knoxville News Sentinel
WASHINGTON - A new wave of loan defaults, this time tied to commercial mortgages, is starting to hit insurance companies and may be contributing to the stock market's woes. Industry players say the insurers' predicament is being worsened by a rule ...

'Straw' buyers land loans - Las Vegas Review Journal
The pair, real estate agent Eve Mazzarella and husband Steven Grimm, recruited fake -- or "straw" -- buyers to apply for loans to buy 227 properties worth nearly $110 million. The recruits often were their own employees, people with good credit, who ...

Commercial loan losses hurting insurers - KIDK
WASHINGTON (AP) - A new wave of loan defaults, this time tied to commercial mortgages, is starting to hit insurance companies and may be contributing to the stock market's woes. Industry players say the insurers' predicament is being worsened by a ...

Australia chooses more RMBS for A$1 bln investment - CNBC
SYDNEY, Nov 17 (Reuters) - The Australian government has chosen another two residential mortgage backed securities in which to invest A$1 billion ($641 million), as part of an effort to inject much-needed liquidity into the non-bank home loan market ...

Market latest: Australia - ninemsn
SYDNEY, Nov 17 (Reuters) - The Australian government has chosen another two residential mortgage backed securities in which to invest A$1 billion ($641 million), as part of an effort to inject much-needed liquidity into the non-bank home loan market ...

Deed Transfers for Oct. 13-24, 2008 - Star-Banner
Warranty deed transfers in excess of $80,000 as recorded at the Marion County Clerk of the Circuit Court's office from Oct. 13-24: Grace Y. Newsum Trust to Mary Ruth Cohey Ammerman. Spruce Creek South: $170,000. Donald Overly to Margeretta Overly ...

Wachovia, Golden West Investigated by Prosecutors, Regulators - Bloomberg
Nov. 20 (Bloomberg) -- U.S. prosecutors and the Securities and Exchange Commission are investigating Wachovia Corp. 's mortgage lending and disclosures to investors, U.S. Attorney Joseph Russoniello said. Prosecutors are examining whether Golden West ...

Army wife accused in arson that killed her 2 kids - Las Vegas Sun
An Army wife accused of setting her apartment on fire botched an attempt to collect on her husband's $400,000 insurance policy when he survived and her two children died instead, a federal prosecutor said. Billi Jo Smallwood, 35, was denied bond at a ...