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

Texas refinance mortgage news:

Ben Bernanke: Fresh Attack on Mortgage Rates - US News and World Report
Fed Chairman Ben Bernanke on Monday opened the door to another unconventional measure to lower mortgage rates: buying long-term Treasury bonds. In a speech in Texas Monday, the Fed chief said: Although conventional interest rate policy is constrained ...

Bernanke: more action needed to cut foreclosures - Salon
Dec 4th, 2008 | WASHINGTON -- Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Although a flurry of actions have ...

Street Sways On News Deluge - Forbes
U.S. stocks were in a lull Thursday, as investors regrouped amid a hailstorm of attention-grabbing headlines. The day began with news of substantial rate cuts from the Bank of England, European Central Bank and Sweden's Riksbank, followed by the ...

New mortgage woes ahead - NorthJersey.com
WASHINGTON — The full scope of the housing meltdown is not clear, and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in ...

Meltdown far from over, new mortgage crisis looms - Times Union
WASHINGTON -- Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...

New mortgage crisis: commercial properties - San Francisco Gate
Friday, November 28, 2008 (11-28) 04:00 PST Washington -- The full scope of the housing meltdown isn't clear, and already there are ominous signs of a new crisis - one that could turn out the lights on malls, hotels and storefronts nationwide. Even ...

Meltdown not over, new US mortgage crisis looms - Boston Herald
W ASHINGTON - The full scope of the U.S. housing meltdown isn’t clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts across the country. Even as the holiday shopping ...

Shopping malls, hotels near mortgage default; more looming - The Columbus Dispatch
WASHINGTON -- Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...

Commercial mortgage crisis looms - Dallas Morning News
The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis – one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in full swing, the ...

Next mortgage crisis involves commercial properties - Canton Repository
WASHINGTON The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in full ...