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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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Woodbury mortgage loans news:

Daily Dose: Equity alternative - Topeka Capitol-Journal
Roger Stirrett uses a home equity line of credit to improve his house and full-service hair salon in Topeka. "It's a very good tool," said Stirrett, owner of the Hair Port, 1015 N.W. Topeka Blvd. "I've paid it off two or three times. I have a $2,000 ...

Jurors hear confession tape in Randolph murder trial - Newark Star-Ledger
After police caught Jonathan Zarate and two teen-agers trying to dump a trunk containing a Randolph girl's beaten and dismembered body into the Passaic River in Rutherford, Zarate told an investigator he had found his next-door neighbor dead. "I ...

Woodbury County area will share in disaster funds - Sioux City Journal
DES MOINES -- A state program designed to help Iowa recover from disasters in recent months will set aside nearly $1.5 million in housing aid and nearly $13,000 in help for small businesses in Woodbury County and surrounding areas, Iowa Gov. Chet ...

Lenders that Have Closed Shop, - Wall Street Journal
More than 80 mostly subprime mortgage lenders -- those that make home loans to the riskiest borrowers with questionable credit -- have closed shop since the end of last year as clients defaulted on payments and banks cut off the funding required to ...

Officials discuss tackling LI's foreclosure crisis - Newsday
What's needed to rescue communities mired in the foreclosure crisis? A "SWAT team," says Nassau County Executive Thomas Suozzi. At a foreclosure symposium he was moderating in Woodbury yesterday, Suozzi suggested rescuing neighborhoods one at a time ...

How LI’s mortgage business came crashing down - Long Island Business News
American Home Mortgage represented a way to help people achieve their American dream by owning a home. Behind the scenes, American Home was also living the dream. Michael Strauss, over a 20-year period, grew the mortgage company from a home-based ...

Delta's big deal - Long Island Business News
Mortgage lender Delta Financial Corp. announced a pending financing deal Friday that would give shareholder Angelo, Gordon & Co. a large piece of the company. Under the deal, an Angelo, Gordon affiliate would buy a new series of three-year, 10 ...

Election 2008: Hillary Clinton in the news - Newsday
For Gov. David A. Paterson, there is more at stake than the choice of a U.S. senator to succeed Hillary Rodham Clinton pending a special election in 2010; there is also a statewide Democratic Party ticket to be shaped. WASHINGTON - Hillary Rodham ...

Fulton Financial Reports Third Quarter Earnings - StreetInsider.com
LANCASTER, PA -- (MARKET WIRE) -- 10/21/08 -- Fulton Financial Corporation (NASDAQ: FULT ) earned $29.1 million for the third quarter ended September 30, 2008, a 13.4 percent decrease from the same period in 2007. Diluted net income per share for the ...