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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
Cumberland home equity loans news:
Financial News
Lehman No Bear Stearns as Money Markets Show No Panic (Update4) - Bloomberg
Sept. 12 (Bloomberg) -- Rising speculation that Lehman Brothers Holdings Inc. may fail is generating less concern among investors than when Bear Stearns Cos. imploded in March. Unlike the days leading up to the forced sale of Bear Stearns to JPMorgan ...

US Federal Reserve steps in to rescue AIG - News.com.au
Federal Reserve to loan AIG $106bn Global share markets put in volatile session yesterday Wipeout : Super savaged in share rout The US Federal Reserve is taking the unprecedented step of offering an $US85 billion ($106 billion) rescue loan to save ...

Lehman Meltdown No Bear Stearns as Money Markets Show No Panic - Bloomberg
Sept. 12 (Bloomberg) -- Rising speculation that Lehman Brothers Holdings Inc. may fail is generating less concern among investors than when Bear Stearns Cos. imploded in March. Unlike the days leading up to the forced sale of Bear Stearns to JPMorgan ...

Your Feedback - WDBJ7.com
We welcome your emails on issues in the local news or local news coverage. We will post your comments here and may include them in our "Feedback" segment on News-7. Enough already about the down town Roanoke rodent problem! Hello! This is the time of ...

Election 2008 - Weekly Standard
“If she makes a gaffe, he underplays it,” one of the people prepping Biden for his vice presidential debate told me. “At most, he says, ‘I am not sure what Gov. Palin meant there.’” There are three reasons for this. First, Biden does not ...

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