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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
Saint Charles home equity loans news:
Financial News
School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

Steve Young's wife lines up against Mormon church on Prop. 8 - San Francisco Gate
The signs on the front lawn of former 49er quarterback Steve Young's Peninsula home say "No on Prop. 8," which normally wouldn't be much of a story in the Bay Area, a gay-friendly region which is the center of opposition to the effort to ban same-sex ...

Nouriel Roubini: I fear the worst is yet to come - Times Online
As stock markets headed off a cliff again last week, closely followed by currencies, and as meltdown threatened entire countries such as Hungary and Iceland, one voice was in demand above all others to steer us through the gloom: that of Dr Doom. For ...

Obama's style: What kind of leader will he be? - Globe and Mail
Ice Ko from Canada writes: The first part of the article, the blank white part above the his cropped photo, captures exactly the essence of Obama's substance, though it lacks his soaring rhythmic (yawn) flights. I watched his first interview ...

November 2008 - New York Daily News
Citing two "confidants" of Hillary Clinton, the Times reports the state's junior senator has decided to give up her seat in the country's most exclusive club and accept President-elect Obama's offer to be his secretary of state. Peter Baker writes ...

Evil is Nichols; playing homeless - Atlanta Journal Constitution
– I’ve walked the corridors of death row in Florida and Georgia. I’ve seen evil. It’s Brian Nichols. – Kennesaw State College of Humanities and Social Service students play “homeless” for a week. They sleep outdoors on campus “to ...

Billionaires Up, America Down - Common Dreams
When it comes to producing billionaires, America is doing great. Until 2005, multimillionaires could still make the Forbes list of the 400 richest Americans. In 2006, the Forbes 400 went billionaires only. This year, you'd need a Forbes 482 to fit ...

Obama: My Tax Credits are Not 'Welfare' - ABC News Blogs
ABC News' Sunlen Miller reports: Standing beneath the Gateway Arch in downtown St Louis, Senator Obama responded to claims from the McCain campaign that his tax plan is a "welfare" program because it gives tax credits for people who don't pay federal ...

Electing a president: Candidates will spend $8 per vote - Syracuse Post-Standard
McCain, Obama unleash telephone calls, mailing, door-knockings in massive GOTV effort ... Mary J. Blige, Jay-Z, Sean 'Diddy' Combs attend Obama get-out-vote rally in South Florida ... Feds investigate if laws were broken in disclosure of Obama aunt's ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article Friday in Weekend Cue about John Osmanski, founder of Osmanium's Crackheads chocolate-covered espresso beans, incorrectly stated that one box of Crackheads is equivalent to six cups of coffee, 7 1/2 energy drinks or 11 cans of cola ...

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