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

Powell refinance mortgage news:

Stop low-cost housing drain - Detroit Free Press
Addressing Congress nearly 75 years ago, President Franklin D. Roosevelt called adequate housing a right of every American family willing to work. Fifteen years later, the Housing Act of 1949 set national goals that included "a decent home and a ...

Bailout goes from necessary to nightmarish - Atlanta Journal Constitution
That $700 billion financial sector bailout that I supported — and do still, but with an exit strategy — is a nightmare in the making. Look what’s happened since the first of the month: Atlanta Mayor Shirley Franklin, smelling a bailout handout ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

Bush Stands By Petraeus; New Showdowns With Hill Loom - US News and World Report
In remarks at the White House yesterday morning, President Bush said he would give Gen. David Petraeus "all the time he needs" in Iraq before proceeding with further reductions in US troop levels. Bush also said, as the CBS Evening News reported ...

An Invitation to Our Readers - BusinessWeek
Earlier this year, we launched a new and innovative feature on BusinessWeek.com to prominently highlight the insights of our readers. Called In Your Face , it calls attention to the most substantive comments left on our site by our readers. Not only ...

Remember 2004? It ain’t over. - Atlanta Journal Constitution
Go vote. As the polls were closing on election day four years ago, I sat with a group of George W. Bush campaign officials and supporters listening to reports of exit polls delivering the bad news. Bush was defeated. John Kerry had won the presidency ...

Obama, McCain play who’s the socialist - Politico.com
CINCINNATI, OHIO — A week after each candidate’s tax plan took center stage at the third presidential debate, the candidates continued to spar over Barack Obama’s comment that his plan would “spread the wealth around.” At a Wednesday press ...

Millions Lose Homes, As Families Plead for Help - Common Dreams
BOSTON - Bank crashes in Iceland, an International Monetary Fund (IMF) bailout of Ukraine and volatile stock markets the world over -- it all links back to the U.S. communities where hundreds of thousands of families are losing their homes with no ...

View from the Right: Obama tax plan 'plumb' crazy - Hanford Sentinel
This Election Day could usher in a crushing blow to the American dream. Within hours of meeting Joe the Plumber, Americans from all over the country flooded my inbox with their stories. Joe the Plumber, as so many who watched the final presidential ...

Your Money on WTHR - WTHR
As Congress works on a bailout plan, Hoosiers still have plenty of questions about how the current economic crisis will affect them. The following questions were answered by Dr. Matt Will, University of Indianapolis, Elaine Bedel, Bedel Financial ...