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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
Sumner mortgage rates news:
Financial News
Contests and Giveaways - WBKO
Dow turns sharply downward as President Bush speaks on the economy. Global Financial Crisis: Many Blame U.S. Foreign leaders are quick to first attack the U.S. for subprime mortgage woes. Iraq: 8 Dead, 22 Wounded in Car Bombing Police say 8 dead, 22 ...

Subscriber Log In - Wall Street Journal
Goldman Sachs Group: The Wall Street firm has begun to resemble a great sports dynasty -– you just expect them to end up on the winning side. In a year when its rivals were hammered by the woes in the U.S. subprime-mortgage market, Goldman not only ...

Michigan Votes Down Affirmative Action - Inside Higher Ed
Defenders of affirmative action had been encouraged in the campaign’s closing days by polls suggesting growing skepticism for the ban. But in the end, the ban won support from more than 58 percent of voters, according to unofficial results ...

Business Briefing - Los Angeles Times
Average rates on 30-year, fixed-rate mortgages declined to 5.78% this week, down from 5.93% last week, mortgage company Freddie Mac said. Rates on 15-year, fixed-rate mortgages, a popular choice for refinancing, fell to 5.35% from 5.54%. Five-year ...

John McCain: Crisis Enabler - Nation
Radio Nation : Young people are registering in record numbers. Can they make it to the polls? Plus, Robert Fisk on Obama and Israel James Bond's wealthy nemesis may have had an obsession with gold, but he judged, quite correctly, that if people keep ...

As Big Banks Fall: The Bear Has Fallen and the Bull Is Gone - Common Dreams
NEW YORK -- If you walk through London's High Gate cemetery and wander over to the grave of the late Karl Marx and then listen closely with your ear to the ground, you might hear a repetitive murmur of the phrase "I told you so" in a distinctly ...

The Wall Street Panic of 2008 - Motley Fool
Panic: In economics, acute financial disturbance, such as widespread bank failures, feverish stock speculation followed by a market crash, or a climate of fear caused by economic crisis or the anticipation of such crisis. -- Britannica Online Make no ...

When Is Student Learning ‘Good Enough’? - Inside Higher Ed
Almost from the beginning of its work, the Secretary of Education’s Commission on the Future of Higher Education made it clear that it considered the American system of higher education accreditation to be falling short of its mission to be the ...

Sarah Silverman endorses Barack Obama - by insulting black people - The Superficial
#106 - Yeah but Americans all have guns - once they figure it out ( well ok 'if' they ever figure it out) they're going to do a bit of shootin'. Cliff Notes : Hopefully - Rambo, and all those "dark ops' were actually just movies Bink. (And we all ...

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