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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
Iowa mortgage loans news:
Financial News
Miami activist moves people into foreclosed houses - Ledger-Enquirer
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'Excellent credit to bankruptcy' in two years - News-Leader.com
Hoping to earn $50,000 in three years to help pay for their son's college education, an Iowa couple joined what was described as a risk-free housing investment program run by a Springfield company -- only to find their lives in financial ruins two ...

Meltdown far from over, new mortgage crisis looms - KTIV
SOUTH SIOUX CITY, Neb. (KTIV) - Members of the Native American community march from Nebraska to Iowa, hoping every step brings Native American children closer to a home with Native American foster parents.

Matter Of Records: December 1 - Wichita Falls Times Record News
Kell Propane vs. M.A. Flaharity, 199 Homestead Ln., $211.40, V3308 P579. AT&T Advertising LP vs. Bruce Harris, 3002 Speedway, $4,396.00, V3308 P853. The Estate of Richard Lynn Fanchier, et al, vs. Wichita Falls Care Center Inc., 7473 Row 25, Orland ...

Government plans massive Citigroup rescue effort - Iowa State Daily
Pedestrians walks up stairs near a subway station at Citigroup center location at Lexington Ave. on Friday, Nov .21, 2008 in New York. The government unveiled a bold plan Sunday, Nov. 23, 2008, to rescue Citigroup, injecting a fresh $20 billion into ...

Taxpayers on hook for loan to execs at Regency - Des Moines Register
Iowa taxpayers are now among the creditors waiting to get their money back from executives of the defunct Regency business group. Regency officials James Myers, Robert Myers, Richard Moffitt and John Gamble owe the state for a $448,000 loan obtained ...

Economy shrinking, home prices dropping - Daily Jeffersonian
Photo By The Associated Press A for sale sign sits in the front yard of home, Monday, Nov. 24, 2008, in Des Moines, Iowa. Nationwide sales of existing homes fell more than expected last month, as economic fears made buyers leery even though prices ...

UPDATES: Barack Obama Big News Page - Huffingtonpost.com
LISTEN TO THE FULL OBAMA April 6. FUNDRAISER SPEECH HERE Some highlights - Obama responds to Krugman toward the end of the audio (46:20); Obama discloses his trip to Pakistan (40:17); Obama discusses fundraising successes (15 min); Obama discusses ...

Meltdown not over; new U.S. mortgage crisis looms - Globe Gazette
WASHINGTON (AP) — The full scope of the U.S. housing meltdown isn’t clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts across the country. Even as the holiday shopping ...

U.S. bailout of Citigroup to take time - Ledger-Enquirer
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