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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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Storey mortgage quotes news:
Financial News
American Dream Sours as Housing Market Collapses - Common Dreams
DENVER, Colo. - For Cathy Busby, May 1 marked a personal "Mayday!" as she was sucked into the housing crisis sweeping the United States. On Tuesday, she went into arrears on her mortgage after her monthly repayments soared by 40 per cent. The 47-year ...

The £3.5m fraud, the £250,000 flat... and the deputy presiding ... - Sunday Herald
A SENIOR Labour MSP helped her crooked son cash in on a lucrative Holyrood flat he bought months after defrauding his employers of £3.7million. Deputy presiding officer Trish Godman purchased her son Gary Mulgrew's Edinburgh apartment for £250,000 ...

A woman’s work - Sunday Herald
THE HISTORY of feminism is written on the walls of Lynne Segal's London home. Not literally, of course, and nor is this the whole story of that movement. Rather, the house encapsulates much of the idealism of the radical socialist feminism that ...

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