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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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Adams mortgage quotes news:
Financial News
Opposition takes hit as Tories move to cut $27-million subsidy for ... - Globe and Mail
What Harper should do is deny the vote in the next election to anyone who didn't vote in this past election. Then Harper's enthusiasts would have a commanding -- well, marginal -- advantage next time. Who needs democracy when you're a self-righteous ...

Friday roundup: transition edition - Los Angeles Times Blogs
Political reporters all over the nation are experiencing election postpartum depression. If you're reading this blog, you might suffer from it, too. It works like this: After months of mounting intrigue and 24/7 media coverage, voters go to the polls ...

Critics say new federal mortgage plan not enough - Denver Post
Troy Courtney spends time with his dog Bosco at his home in Mill Valley, Calif., on Saturday, Nov. 1, 2008. His family is about to move out of the house following a foreclosure. Nov 13: Stocks shoot up 550 as investors swarm back in Colorado ...

Homeowners' new reality: You're suddenly poorer - Globe and Mail
Adil Burney from Canada writes: For 2009, CREA is delusional. Suppose we end December 2008 at -9% YoY. To end up a -2% for the full year 2009, we would probably have to bottom in December 2008 and then get to a around 7% by late 2009. CREA is talking ...

Harper lines up with Bush on reform - Globe and Mail
Jim **** from Canada writes: An odd alliance. Yesterday Mr. Bush said the capitalist system wasn't to blame for the current crisis, leading to inescapable conclusion that his adminstration must be to blame then. Odd that Harper would line up with ...

Local lender key in meltdown - Denver Post
Nov 13: Stocks shoot up 550 as investors swarm back in Colorado foreclosures mixed OECD says developed world already in recession Oversight of bailout "a mess" A switch in bailout strategy Nov 12: Feds shift $700 billion strategy Nov 11: Critics say ...

Campaign getting personal - Boston Globe
Get ready to hear a lot about Bill Ayers and Charles Keating this week, likely including Tuesday night's second presidential debate. Republican John McCain is trying to move the campaign off the economy -- an issue on which Democratic rival Barack ...

McCain slams Obama on 'redistribution of wealth' - Boston Globe
Conservative bloggers and websites have been flogging it, and now John McCain's campaign has put its imprimatur on it: a newly disclosed radio interview in which Democratic rival Barack Obama talks about the redistribution of wealth. The interview ...

October 2008 - New York Daily News
RIP Studs Terkel . (Man, is that a bummer). John McCain is sure he and Sarah Palin will "fool the pundits one more time." McCain called Obama, Harry Reid and Nancy Pelosi "the tax trifecta from hell." An RNC Web ad portrayed the three Democrats as ...

World waits to see Barack's true colours - The Australian
SO now we know for sure. The Noam Chomsky-John Pilger-Phillip Adams view of America is wrong. In George W. Bush's America, a land allegedly rife with militarism and racism, the white military hero lost and the black memoirist won a slashing election ...

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