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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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Palo Alto mortgage loans news:
In Hindsight: Holiday door busters: Does that come in gray? - San Jose Mercury NewsPalo Alto tech titan Hewlett-Packard already provided a preview of the earnings report for its latest quarter, so the actual numbers weren't much of a surprise: HP said its profit was $2.1 billion, and revenue was up 19 percent from a year earlier to ...
Foreclosures, delinquencies skyrocketing among 'prime' borrowers - Los Angeles TimesBy this year, the bleeding housing market had drained the equity from Judy Jones' home in Murrieta, but her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875%, unlike the shaky, variable-rate ...
Foreclosures, Delinquencies Among 'Prime Borrowers' Are Skyrocketing - Free Internet PressBy this year, the bleeding housing market had drained the equity from Judy Jones' home in Murrieta, but her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875%, unlike the shaky, variable-rate ...
Facing foreclosure? Beware when looking for help - San Jose Mercury NewsSan Jose property owner Salvador Ruiz paid a company $8,950 to renegotiate the terms of his loans on two houses four months ago, but he says they did nothing and haven't returned his money. "They tell me everything's OK, but they haven't done ...
As Mortgages Went Bad, Executives Cashed Out - Free Internet PressThe subprime lending industry was starting to buckle under the weight of bad loans in November 2006, when executives at Irvine-based New Century Financial Corp. held a conference call to release their latest earnings. Loan volume was down and ...
Hercules Technology Growth Capital, Inc. Q3 2008 Earnings Call ... - Seekingalpha.comGood afternoon. Welcome to the Hercules Technology Growth Capital, Inc. third quarter 2008 financial results conference call. At this time, all participants are in listen-only mode. Later we will open the call for your questions. (Operator ...
More Business - San Francisco GateNeighborhoods with affordable home prices, a historical popularity with minority home buyers, and a lot of new construction have been more prone than others to spikes in foreclosures, according to a Chronicle analysis of housing and census data ...
Valley home sales up 24% in October, but median price falls 34% - Silicon ValleySilicon Valley home sales spiked 24 percent in October compared with the same month last year. But that increase may be short-lived, some in the real estate industry say, because the plunging stock market and economic uncertainty have led many people ...
1 in 7 homes in Santa Clara County is 'underwater' - Silicon ValleyMore Santa Clara County homeowners were dragged "underwater" in the third quarter, their home values plunging below what they owed on their mortgages. Among those who purchased homes in the past five years in the county, 27 percent owed more mortgage ...
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