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

Brown mortgage rates news:

Darling warns of economic crisis - BBC News
The chancellor admitted the government had "patently" failed to get its message across that it understood people's concerns about rising living costs and growing job insecurity. He said that voters were "pissed off" with Labour's handling of the ...

How Brown plans to help home owners facing 30 per cent price slump - Evening Standard
The first glimpse of Gordon Brown's economic recovery plan will be unveiled next week with emergency moves to help struggling home owners and first-time buyers. Amid fresh warnings that house prices could slump by up to 30 per cent, housing minister ...

OUTCRY AT PLAN FOR COUNCILS TO BUY UP HOMES - Daily Express
GORDON Brown was under fire last night over plans for town halls to buy thousands of unsold and repossessed houses. He is due to unveil emergency measures next week to encourage councils and housing associations to boost the flagging property market ...

U.S. Treasuries Little Changed After Consumer Spending Report - Bloomberg
Aug. 29 (Bloomberg) -- Treasuries were little changed as the risk of owning corporate bonds declined and after a government report that showed consumer spending in the U.S. slowed in July. U.S. government securities may be buoyed as investors buy ...

Brown's crisis plan for homeowners - This is Money
Emergency plans to help struggling homeowners and first-time buyers are being drafted by Gordon Brown amid fresh warnings that house prices could plunge by more than 30%. Under measures which could be unveiled as early as next week, councils could be ...

U.S. Treasuries Fall as Business Gauge Shows Rapid Expansion - Bloomberg
Aug. 29 (Bloomberg) -- Treasuries fell as a measure of U.S. business activity expanded this month at fastest pace since June 2007, and consumer confidence held steady. The declines eroded a weekly gain for Treasuries after 10- year note yields fell ...

Property crash opens door to the new council house - Times Online
Gordon Brown is set to usher in a new era of council housing by helping local authorities to buy repossessed and unsold properties. Cash and powers will be made available so that town halls can intervene in the housing market, The Times has learnt ...

Brown ushers in new era of council houses as town halls are given ... - Daily Mail
Repossessed and unsold properties could be bought by local authorities and turned into a new generation of council houses, under new plans to be unveiled by the Government. Under the measures, councils could be allowed to buy repossessed and unsold ...

Energy bills rocket by up to £250 but Brown pledges housing help - Evening Standard
More than 600,000 families in London and the South-East were hit by energy bill increases of up to 34 per cent today. Tens of thousands face paying more than £250 extra a year. Moves by npower and Scottish Power to increase their gas and electricity ...

FOREX-US dollar edges up, cheered by growth data, stocks - Forbes
NEW YORK (Reuters) - The dollar inched up against the euro and scaled a 2-year peak versus sterling Thursday, buoyed by data showing a resilient U.S. economy growing at a faster pace in the second quarter than first reported. A rally in U.S. stocks ...