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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Lake mortgage rates news:

New Fed program spurs interest - Orlando Business Journal
Central Florida lenders were barraged with calls last week from homeowners seeking mortgage refinancing information after the Federal Reserve Board committed $800 billion to shore up the housing sector. That’s because the Fed’s move caused fixed ...

BC-UT--Economy-Court Filings,1st Ld-Writethru/338 - Daily Herald
SALT LAKE CITY -- The lagging economy appears to be driving up civil court filings in Utah. Mortgage foreclosures and liens were up 111 percent between July and October compared to the same period last year. A court analysis also indicates that the ...

State business highlights 11/27 - Daily Herald
SALT LAKE CITY -- Hotel occupancy rates -- a key indicator of the health of the state's tourism industry -- declined nearly 5 percent in Utah last month compared with last year. Figures from the Rocky Mountain Lodging Association show the statewide ...

Court cases surge as Utahns cope with economic woes - Salt Lake Tribune
A bad economy historically means more business for the courts. "If you go back over the last 15-20 years, whenever there's a downturn ... you generally see an increase in civil filings," said state Courts Administrator Daniel Becker. Sure enough ...

City could receive $796,000 in grant for neighborhood aid - Princeton Union Eagle
The city of Princeton could receive up to $796,000 as part of a federal grant of nearly $58 million coming into the state through the Neighborhood Stabilization Program. Princeton is listed along with Big Lake, Buffalo, St. Michael, Elk River, Otsego ...

Orange County: foreclosures 45% of inventory - Los Angeles Times Blogs
Foreclosed properties and "short sales" --homes for sale at less than the outstanding mortgage amount-- now comprise 45% of listings in Orange County, according to an analysis of listing data by Aliso Viejo broker Steven Thomas. Santa Ana remains the ...

Business is slow, even at the foreclosure auction - Austin American-Statesman
Still, about 100 people stood in a cold wind outside the Travis County courthouse on Tuesday morning to look for good deals amid scores of homes being auctioned because their owners could not keep up with the mortgage payments. With a pocket full of ...

Delinquent taxes draw investors - Arlington Heights Daily Herald
Except for the occasional thump of fingers pounding keyboards with simultaneous bids, rows of investors Tuesday were silent, intent and on task. Participants in Lake County's annual tax sale had done their homework and sat for hours at a stretch, for ...

Kiplinger names Clarksville as # 2 in the Nation for Housing ... - Leaf Chronicle
With foreclosures skyrocketing and home prices plummeting, real estate has had a tough year. But in certain pockets across the country the damage has been minimal -- if nonexistent. We found six cities with slow, steady growth, using data from Fiserv ...

Delta, Northwest airlines post traffic declines - Milwaukee Journal Sentinel
Dec. 4, 2008 2:50 p.m. | Delta Air Lines Inc. today reported November traffic declines for both its Delta and Northwest Airlines units. For the Delta operations, revenue passenger miles in the United States dropped 10.5% compared to November 2007 ...