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

Johnson home equity loans news:

Treasury Snaps Up $40b of AIG Equity - CFO.com
American International Group Inc. received $40 billion from the Department of the Treasury under the Troubled Assets Relief Program. As part of the deal to help keep the insurer afloat, Treasury purchased four million shares of AIG Series D preferred ...

Feedback Blog - Reading Eagle
At odds over the 2009 budget, City Council and Mayor Tom McMahon are setting up for a possible repeat of December 2000, when an impasse between the administration and council led to a months-long fight in Berks County Court. Former Mayor Joseph D ...

Credit crunch hits small firms - Detroit Free Press
Ann St. Peter, who owns Pinwheel Bakery in Ferndale, always figured that people would cut out the $100 dinners at fancy restaurants in trying economic times. But when she opened her bakery about 18 months ago, she never imagined that colorful cookies ...

3 Quick Steps For the Economy - US News and World Report
The symptoms so far: Brokerages fail to honor wire transfer instructions. Treasury bill transactions don't settle. The bond markets have virtually shut down such that publicly traded short-term debt instruments of high-quality companies can't be sold ...

Auto slump hits hard in car-mecca California - Sacramento Bee
The Saturn dealership, closed two weeks ago, is still jammed with cars; signs at the curb promote a red-tag sale. The Ford dealership, closed since June, sits empty, stripped clean. These are terrible times for the auto industry, and the impact shows ...

A Real Bailout for Auto Makers - Barron's Online
IS A BANKRUPTCY THE BEST OPTION FOR GENERAL MOTORS , Chrysler and Ford ? While their CEOs insist otherwise and the risks would be high, a growing chorus of outsiders says yes. "It's the only real option that would allow GM to take the steps necessary ...

Unorthodox economic policies - Economist.com
THE Federal Reserve’s interest-rate target is at 1%. The recession is deepening. And the question is being asked repeatedly: when will America’s economic policymakers start using truly unconventional measures to stimulate the economy? The answer ...

Beyond the Bailout State - Middle East Online
On a December day in 1932, with the country prostrate under the weight of the Great Depression, ex-president Calvin Coolidge -- who had presided over the reckless stock market boom of the Jazz Age Twenties (and famously declaimed that "the business ...

Deutsche Bank, Kalev, Fletcher, RBC, NatWest in Court News - Bloomberg
Nov. 26 (Bloomberg) -- Deutsche Bank AG , Germany’s biggest bank, won dismissal of part of a lawsuit filed by German businessman Leo Kirch over comments made about his media group’s creditworthiness shortly before its 2002 bankruptcy. The Munich ...

U.S. November auto sales dreary, but likely up from October - News1130.com
NEW YORK - As the humbled captains of the U.S. auto industry spend the weekend preparing their second case for a U.S. federal bailout, their best argument may come in November's auto sales figures. Industry watchers and car dealers say they expect ...