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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

Morgan refinance mortgage news:

US Mortgage Continues to Assist Homeowners During Mortgage Crises - WebWire
As the nation’s foreclosure crisis worsens and weighs down the larger economy, mortgage lenders are shifting gears, promising aggressive new programs to help struggling homeowners from foreclosure. US Mortgage Corp, a diversified mortgage products ...

Commercial loan 'nightmare' projected for 2009-JPMorgan - Finanz Nachrichten
NEW YORK, Dec 1 (Reuters) - An accelerated downturn in commercial real estate next year may spark a wave of borrowers pushing for easier terms on loans that are otherwise heading into default, according to JPMorgan Chase ( News / Aktienkurs )&Co ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Wells Fargo: Clearly, there are numerous pitfalls that Wells Fargo will need to navigate, but in the short run, at least, it won. Wells Fargo ...

UPDATE: Builders Soar On Lower Rates, But Pain Persists - CNN Money
NEW YORK -(Dow Jones)- Improved mortgage rates sent shares of home builders higher Wednesday, but no one thinks the residential crisis is over. As consumers raced to lock in lower rates, applications to refinance existing loans jumped 203.3% last ...

Fannie, Freddie Mortgage-Bond Spreads Retrace Fed-Sparked Gains - Bloomberg
Dec. 3 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds widened relative to U.S. Treasury notes, retracing gains from the past week as investors anticipated an increase in the amount of securities. The difference between ...

Mortgage Rates Fall as U.S. Expands Rescue - Wall Street Journal
U.S. officials pledged to pump another $800 billion into ailing credit markets, much of it directly from the Federal Reserve -- a move that makes the nation's central bank a lender to almost every corner of American life. The Fed, whose traditional ...

US banks set mortgage bar too high for self-employed - The Australian
DESPITE recent moves to backstop the US mortgage market, the freeze on lending has not thawed for many self-employed people. Washington’s support in the sector has made it easier for many people with decent credit scores to get a loan, but for the ...

Nation & world business - Detroit Free Press
United Airlines parent UAL Corp., facing losses from bets on future fuel-purchase contracts, will sell as much as $200 million in shares. JPMorgan Chase & Co. and Morgan Stanley & Co. will manage the transaction, Chicago-based UAL said Monday in a U ...

Self-Employed Are Frozen Out of Mortgages - Wall Street Journal
The government's recent moves to backstop the mortgage market have made it easier for many people with decent credit scores to get a loan. But for many self-employed people -- even those with pristine credit -- the mortgage freeze has yet to thaw. A ...

Homeowner Help Programs: Find Out If You're Eligible - CNBC
J.P. MORGAN * Available to owner-occupied mortgages and comes on top of an already modified 250,000 mortgages worth $40 billion in 2008 * The plan is open only to those homeowners “who show a willingness to pay,” meaning only customers who ...