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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

Ward mortgage loans news:

Lorain Council to reconsider LCCAA mortgages - Chronicle-Telegram
LORAIN — City Council will consider taking another crack at purchasing the mortgages of the Lorain County Community Action Agency. Council sent a revamped ordinance to its Finance and Claims Committee for further discussion next Monday. Councilman ...

Cash is king as freeze hits - Age
The crisis has highlighted a structural imbalance with mortgage funds, writes Annette Sampson. Earlier this month the Reserve Bank announced it was expanding its repurchase operations to include some forms of commercial debt. The fact the ...

UPDATE 3-General Growth hires bankruptcy counsel - TradingMarkets.com
General Growth has $1.13 billion in debt coming due, including $900 million in secured mortgage debt due Nov. 28 on two Las Vegas shopping centers -- Fashion Show mall and Shoppes at the Palazzo -- and $58 million of corporate debt on Dec. 1, it said ...

Home Front: Seniors get aid in staying in touch - Sacramento Bee
The time is here when can you live 3,000 miles from your mom and get a text message if she's not out of bed by noon. And if your aging dad forgets to open the medicine box to take his heart pills, that's another digital alert on your cell phone ...

Recovery may start in 2010, but will take years’ - Daily News and Analysis
The problems with economies around the world are likely to continue. “The US is clearly in a recession. The next couple of quarters are going to be particularly difficult. The UK also looks to be in a bad state and will see a nasty downturn. The ...

General Growth hires bankruptcy counsel - Reuters
SAN DIEGO (Reuters) - General Growth Properties Inc GGP.N, the No. 2 U.S. mall owner, said on Thursday it hired law firm Sidley Austin as bankruptcy counsel as it negotiates with lenders for more time to restructure its $27 billion debt and ...

Lincoln, Aegon May Buy S&Ls With `Unsafe' Practices to Get Aid - Bloomberg
Nov. 17 (Bloomberg) -- Four of the world's biggest insurers may acquire small banks that regulators have cited for improper practices to improve their own chances of getting cash from the $700 billion U.S. government bailout fund. Lincoln National ...

Lawmakers, Treasury Lock Horns On Foreclosures - Post Chronicle
The U.S. Treasury Secretary and members of Congress locked horns on Tuesday over a $700 billion financial bailout fund, with lawmakers demanding money to stem foreclosures and Henry Paulson arguing it was meant for investing in financial companies ...

WRAPUP 1-US lawmakers, Treasury lock horns on foreclosures - FXStreet.com
WASHINGTON, Nov 18 (Reuters) - The U.S. Treasury Secretary and members of Congress locked horns on Wednesday over a $700 billion financial bailout fund, with lawmakers demanding money to stem foreclosures and Henry Paulson arguing it was meant for ...

REFILE-Lawmakers, Treasury lock horns on foreclosures - Forbes
WASHINGTON (Reuters) - The U.S. Treasury Secretary and members of Congress locked horns Tuesday over a $700 billion financial bailout fund, with lawmakers demanding money to stem foreclosures and Henry Paulson arguing it was meant for investing in ...