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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
Barry mortgage loan news:
Financial News
Wahiawa school fighting foreclosure - Honolulu Star-Bulletin
The head of a small private school in Wahiawa vowed yesterday to keep the campus open despite a court action seeking to foreclose on the property because of alleged late mortgage payments. Hoala School has been struggling to keep up with loan ...

Business brief - Chicago Sun-Times
Steve & Barry decides not to stay open during bankruptcy protection Steve & Barry stores and its parent company have abandoned plans to keep stores open during bankruptcy protection and will liquidate them over the next few months, according to a ...

US warship arrives in Georgian city of Batumi - Las Vegas Sun
The American embassy in Georgia says a U.S. Navy destroyer is making a routine visit to the country's port of Batumi. The USS Barry is the latest U.S. warship to visit the Caucasus country since its August war with Russia. An embassy spokesman says ...

The Next Subprime Crisis Looms - FHA-Backed Loans - Free Internet Press
The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers - many of them the ...

The Social - CNET News
Citysearch is still ahead, butupstart rival Yelp is catching up. Good thing Citysearch has brought in some much-needed new social features. (Credit: Compete.com) Citysearch , the online business directory owned by Barry Diller's IAC/InterActiveCorp ...

Once again, the subprime wolves are on the prowl - WTOL-TV
As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long ...

Fannie, Freddie Put Foreclosures, Evictions On Hold For The Holidays - Insurance News Net
Copyright 2008 Gannett Company, Inc.All Rights Reserved USA TODAY November 21, 2008 Friday FIRST EDITION SECTION: MONEY; Pg. 9A LENGTH: 386 words HEADLINE: Fannie, Freddie put foreclosures, evictions on hold for the holidays BYLINE: Anna Bahney ...

Business news briefs - Pittsburgh Post-Gazette
Dick's Sporting Goods Inc. is lowering fiscal-year earnings estimates and this holiday is bracing for a 6 percent to 10 percent drop in sales at established stores. The Findlay retailer reported a 2.8 percent same-store sales drop in the quarter ...

Think your borrowing costs are cast in stone? Maybe it's time to ask - Globe and Mail
When you deal with companies in the financial sector, you run the risk that their pain will turn out to be your pain. This is what's happened recently to clients of Manulife Financial , Canada's biggest insurance company, and Envision Financial , a ...

The Next Subprime Crisis Looms - Der Spiegel
Joseph McCloskey, a former director of FHA's single-family asset management branch, says workers reviewing lender applications have had difficulty for years tracking whether executives of previously disciplined mortgage firms were applying for new ...

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