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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

Montgomery refinance mortgage news:

Birmingham Mayor Larry Langford Faces Bribery Charges (Update2) - Bloomberg
Dec. 1 (Bloomberg) -- Birmingham, Alabama’s mayor was charged with bribery and money laundering in connection with municipal bond and derivative deals while he was president of the Jefferson County Commission, according to an indictment unsealed ...

Home Value Highwire - WTOP Radio
WASHINGTON - If you want to buy in today's housing market, you may not be able to seal the deal or get a loan, unless you have cash and good credit. You need cash to close the deal. The days of zero-down are gone. That's the new reality of the ...

Borrowers facing job loss urged to talk - ninemsn
Borrowers facing job loss can relieve themselves of significant stress if they keep their lenders abreast of their financial situation, a leading non-bank lender says. Resi Mortgage Corporation head of consumer advocacy Lisa Montgomery said borrowers ...

HUD issues new mortgage rules to help consumers shup for lower-cost ... - Louisiana Weekly
New 'Good Faith Estimate' will help borrowers save nearly $700 For the first time in more than 30 years, the U.S. Department of Housing and Urban Development on Wednesday issued long-anticipated mortgage reforms that will help consumers to shop for ...

How to combat mortgage stress - ninemsn
While the cash interest rate may be on the way down this year, commercial banks may not mirror the Reserve Bank's moves, so how can you make your current home loan more manageable? Warren O'Rourke, national manager corporate affairs at Mortgage ...

Mortgage rules crack down on fees, late changes - Cleveland Plain Dealer Blog
Federal housing officials unveiled today the first major mortgage reform in 30 years -- a move that will crack down on junk fees and prohibit lenders from making last-minute changes to home loan documents. So important is the overhaul that the ...

Gen X - 'the bitter generation' - News.com.au
YOU are in your 30s, possibly married, probably mortgaged to the hilt, with baby food in your hair and dizzy from climbing the corporate ladder. You are Generation X, the ones Bernard Salt, demographer and partner at KPMG calls the "bitter generation ...

FHA commissioner says Tarrant mortgages in good shape - Fort Worth Star-Telegram
Star-Telegram/Ross Hailey Tarrant County has the most FHA loans of any area of the country, a status that is likely to help North Texas weather the national housing downturn, Federal Housing Commissioner Brian Montgomery said last week. By using the ...

Maryann Haggerty and Elizabeth Razzi - Washington Post
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...

New rules make reverse mortgages a better deal - Kristv.com
Retirees concerned about their decimated savings should take a second look at reverse mortgages. Beginning November 1, 2008, homeowners everywhere may borrow up to $417,000. Previously, the Home Equity Conversion Mortgage program assigned various ...