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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
Douglas mortgage quotes news:
Financial News
UPDATE 1-Raymond James stock falls amid disclosures - Forbes
NEW YORK, Dec 1 (Reuters) - Shares of regional brokerage Raymond James Financial Inc (nyse: RJF - news - people ) sank 23 percent Monday as its acknowledgment about capital limits fueled lingering worries about the firm's potential exposure to credit ...

Queen's speech and Michael Martin's statement - live - Guardian Unlimited
• Read the news story on the Speaker's statement here Queen Elizabeth II and Prince Philip enter the royal gallery through the north door. Photograph: Rex Features Photograph: Nils Jorgensen /Rex Features 11:32am: The state opening ceremony is ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

November 2008 - Weekly Standard
The terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...

UPDATE 3-FDIC, U.S. Treasury clash on anti-foreclosure plan - Forbes
WASHINGTON, Nov 14 (Reuters) - A top U.S. banking regulator unveiled a plan on Friday to prevent about 1.5 million foreclosures, breaking ranks with the Bush administration by demanding bailout funds be diverted from banks to consumers. The Federal ...

Feds Bail Out Another Major Company - US News and World Report
Media reports are casting the government's decision to effectively rescue troubled insurance giant AIG with an $85 billion loan in exchange for a close-to-80% stake in the company as a surprise move, an indication of the continuing peril and ...

Local lender key in meltdown - Denver Post
Nov 21: Pressure on Citigroup builds, shares fall below $4 Nov 20: Fannie, Freddie suspend foreclosures Stocks tumble for second day; Treasurys surge Dems delay auto bailout vote, seek plan from Big 3 Nov 13: Stocks shoot up 550 as investors swarm ...

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 ...

Find the voter fraud - Atlanta Journal Constitution
I don’t. It’s another of those scare-out-the-vote campaigns that are the hallmark of Democratic political seasons. Just as soon as the Georgia runoffs are over, the next order of business should be to conduct a large-scale audit of voting to ...

Barre Mayor Lauzon says insurance 'crisis' threatens city - Times-Argus
BARRE – Mayor Thomas Lauzon says "all bets are off" and "everything's on the table" as city officials scramble to avert a hyper-local health insurance crisis. Faced with a staggering 34 percent increase in health care premiums recently quoted by ...

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