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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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Jefferson mortgage quotes news:
Financial News
Dow rallies after Fed move to lend to businesses - Newark Star-Ledger
Wall Street rose moderately early today, with investors getting some encouragement that the Federal Reserve's plan to buy massive amounts of corporate debt will help unclog the credit markets. The markets showed some signs of easing. Investors, many ...

Obama Attacks McCain As 'Risky,' 'Erratic' - ABC News Blogs
ABC News' John Berman, Sunlen Miller and Ursula Fahy report: Barack Obama described John McCain as risky, erratic, and uncertain, and that was all just in his first event of the day. Obama has had no shortage of critiques of McCain in recent weeks ...

An Unheavenly Scene in Bethlehem - ABC News Blogs
The scene: Bethlehem, Pa. Warming up for a joint appearance of Sen. John McCain, R-Ariz., and Alaska Gov. Sarah Palin, Lehigh County GOP chairman Bill Platt was mocking Sen. Barack Obama, D-Ill., for not wearing a flag pin (though McCain doesn't ...

Palin 'unlawfully' abused power - Scotsman
John McCain's running mate Sarah Palin unlawfully abused her power as Alaska's governor by trying to have her former brother-in-law fired as a state trooper, US officials said. Stephen Branchflower, the chief investigator of an Alaska legislative ...

Letters to the Editor: Oct. 12 - Record Searchlight
This proposition does not seek to "protect marriage" but to "define marriage." Is it possible that you do not see the long-range ramifications this will have on many of our institutions if it does not pass? California has very strict anti ...

Perfect world would bypass both Obama and McCain - Waterloo Cedar-Falls Courier
This column can't be limited to one topic this week, so we'll start by teaching us all how to give a Barack Obama speech. Then we will look at why both he and John McCain should not be elected in a more perfect world. How to give an Obama speech ...

Neo-Nazis seek permit for march in Jefferson City - Jefferson City News Tribune Online
Police department officials confirm they are looking at the request and hope to have a response ready by the end of the month on whether they'll issue a permit. The group wants to march on Nov. 8. City Attorney Nathan Nickolaus said the city's law ...

Vice-presidential nominee Joe Biden to visit Jefferson City - Jefferson City News Tribune Online
Democratic vice-presidential nominee Joe Biden will stop in Jefferson City as he spends two days in Missouri, his campaign is announcing. On Thursday, Biden will hold community gatherings in St. Joseph, Liberty, and Jefferson City. On Friday, he'll ...

So this is how Wall Street thanks us? - Atlanta Journal Constitution
And I see the news ticker on CNBC — muted in my office — reporting that the price of gold rose today by the highest dollar amount in history. But of course, the fundamentals of the economy are sound … if by fundamentals you mean the American ...

Bush reigns over death of capitalism? - Atlanta Journal Constitution
Lehman Bros, the nation’s fourth largest investment bank, is teetering on the brink of failure, and Treasury Secretary Henry Paulson is reportedly trying frantically to broker deals to sell pieces of the firm to other companies before it collapses ...

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