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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.

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Dekalb mortgage loans news:

Family seeks answers, aid months after flood - Beacon News
PLANO -- So many people have told the Lewis family to just give up and start all over again. But to Brian and Angie Lewis and their seven children, starting over begins when they get their home back. Two months ago, the heavy rains that socked the ...

On politicians’ pay, parents’ responsibility - Atlanta Journal Constitution
Atlanta’s next mayor should be paid $225,000, up from $147,500, advises one of those commissions that politicians appoint to provide pay-raise cover. Ostensibly the higher pay is to attract better candidates. That assumes, of course, that losers ...

Lake City Bank Reports 3rd Quarter Results - MSN MoneyCentral
WARSAW, Ind., Oct. 27, 2008 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq:LKFN), parent company of Lake City Bank, today reported quarterly net income of $5.2 million for the third quarter of 2008 versus $4.4 million for the third ...

New: Gov't launches new loan aid effort - Daily Chronicle
WASHINGTON – The government and the mortgage industry are launching the most sweeping effort yet to help troubled homeowners by speeding up the process for renegotiating hundreds of thousands of delinquent loans held by Fannie Mae and Freddie Mac ...

Record number of foreclosure auctions in Atlanta area - Access North GA
ATLANTA - A record number of properties around the Atlanta area are scheduled for courthouse auctions next month, according to Equity Depot, an Alpharetta company that keeps track of foreclosures. In the 13-county metro area, 7,335 properties are ...

Main Street Bailout Plan? Down Payment Assistance - CBS 46
ATLANTA -- It's a bailout plan that actually does bailout Main Street, instead of Wall Street. What if we told you, you could buy a new home and the down payment would be given to you and there is no catch? “I already have my dining room table ...

October foreclosures up 9% - Newnan Times-Herald
Foreclosures are still up in Coweta County, with 142 appearing in today's Times-Herald legal ads section -- a 9 percent rise over October last year and the fourth-highest number of foreclosures listed in a single month this year. However, there may ...

Security measures - Fort Wayne Journal Gazette
At a glance What are the main differences between credit unions and banks? Ownership • Banks are owned by stockholders and pay state and federal income taxes. • Credit unions are owned by the members and don’t pay federal income taxes. Checking ...

PNBC increases earnings per share - Bureau County Republican
PRINCETON — Princeton National Bancorp Inc. reported 2008 year-to-date fully diluted earnings per share increased 34.8 percent to $1.90 from $1.41 in the same period in 2007. Net income for the first nine months of 2008 increased 33.4 percent to $6 ...

Popularity doesn’t always transfer well - Atlanta Journal Constitution
In 1938 a popular president came to Georgia and urged the defeat of incumbent U.S. Sen. Walter F. George, who’d broken with him over his efforts to pack the U.S. Supreme Court. FDR’s involvement probably assured George’s re-election. A ...