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

Lewis mortgage loan news:

Box your way out of trouble - News of World
In the blue corner lurks that old bruiser Impending Recession —where people urgently need to pay off debt or cut its cost. Over in the red corner stands the equally tough Credit Crunch, whose hefty uppercuts have knocked the price of borrowing into ...

Generation Mortgage Offers Additional Peace of Mind to Senior Home ... - Biloxi Sun Herald
New Government Regulations Increase Lending Limits Nationwide ATLANTA, Nov. 18 /PRNewswire/ -- The U.S. Department of Housing and Urban Development HUD recently implemented new regulations for the HECM (Home Equity Conversion Mortgage) loan ...

Bank fears over home loan aid - Financial Times
Government-backed efforts to make it easier for homeowners to avoid foreclosure by modifying their mortgages could further depress the value of mortgage-backed securities and force banks to take more writedowns, industry executives say. Prices for ...

Hueso: Eww, Don't Look at Me, Renter - Voiceof San Diego
Councilman Ben Hueso, a leading contender for council president, had an interesting thing to say yesterday. I'm going to pull from Survival : [Hueso] said the city has put effort into increasing homeownership rates in the city of San Diego, rates ...

AIG, GMAC drive CD rates higher - Detroit Free Press
If there's one place consumers have the upper hand these days, it's as depositors -- especially if they're willing to stash their cash with money losers. The banking units of American International Group Inc., the insurer bailed out by the U.S ...

Improve Your Credit Score - ABC2 News
In these tough economic times, having a good credit score is more important than ever. But if yours isn't as high as you want it to be, there are ways to improve it. Just ask Dan Lewis. He’s the proud owner of a Harley Davidson. But for the longest ...

People of modest means hitched hopes on Little Lake Street - San Diego Union-Tribune
It produced easy money for speculators and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. NANCEE E. LEWIS / Union-Tribune Little Lake Street in the Otay Ranch community of Hillsborough is an ...

Guevarra: Luxuries lost - San Diego Union-Tribune
The gold and diamond rings Ernesto Guevarra wears are fleeting traces of the indulgent life he led during the real estate boom. NANCEE E. LEWIS / Union-Tribune Since his foreclosure, Ernesto Guevarra has lived with his mother. "I'm sad I cannot ...

State Headlines - KCEN TV NBC 6
WASHINGTON (AP) - Regulators shut down Houston-based Franklin Bank and Security Pacific Bank in Los Angeles on Friday, bringing the number of failures of federally insured banks this year to 19. The Federal Deposit Insurance Corp. was appointed ...

MAHONING COUNTY - Vindicator
Randolph Dotson Jr., 30, of 2529 Elm St., Youngstown, and Amanda L. Wolford, 25, of same. Kevin M. Davis, 30, of 153 E. Judson Ave., Youngstown, and Mia R. Shellow, 34, of same. Michael W. Budge, 45, of 5554 Barkley Ave., Austintown, and Shari J ...