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

Lamb home equity loans news:

Insurers' Back-Door Bailout Bids Spark Debate - Insurance News Net
Nov. 19--Life insurers are being called everything from "corporate pigs" to pragmatic capital-seekers as they try to tap billions of the U.S. Treasury's bailout funds. They've touched off a scorching debate about whether they should get a piece of ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. The presidential candidates are in Music City, Nashville, Tenn. for their second debate, in a Town Hall format. The Dow fell another 500 points ...

Car dealers plead for government help - Globe and Mail
K P from Newmarket, Canada writes: I look in my local paper and see photos of 14 salespeople at a local Newmarket GM Dealer. I look at that dealers lot and see it full of pick up trucks, SUVs and Vans. Why we should give money to help those ...

Ottawa poised to bolster bank lending - Globe and Mail
jake and pete from Canada writes: This whole insanity is driving me crazy! Why bail-out ceo theifs who have lead banks into this conditions. Monetary policy would be better replaced by Fiscal policy. A Fiscal policy has a greator multipier effect ...

American Dream Ends in Property Market Crash - Common Dreams
WASHINGTON -Even now, the ads on television, radio and the internet continue: "Is your credit bad? Don't worry, we'll provide the loan for the home of your dreams ..." What those commercials should, but do not, add is: go through the small print with ...

Which provinces have run deficits in recent years - Globe and Mail
St Fort from Victoria, Canada writes: I think one thing that should be mentioned as far as the commodity markets are concerned is short selling. Short sellers have moved into the commodity markets after they were banned from the financial's . This is ...

Dissecting the NFL coaching experience - ESPN.com
Tuesday Morning Quarterback has learned on an exclusive basis that when the producers of the "X-Men" movies were casting Scott Summers, the character with the laser eyes, they considered Mike Singletary for the part. Singletary was rejected as too ...

That Palin hoax - Atlanta Journal Constitution
Away from the office on the farm in South Georgia, where the task of this day is to reassemble a John Deere tractor, almost none of my conversations are with political junkies. It was those conversations that told me that Gov. Sonny Perdue’s ...

November 2008 - New York Daily News
Citing two "confidants" of Hillary Clinton, the Times reports the state's junior senator has decided to give up her seat in the country's most exclusive club and accept President-elect Obama's offer to be his secretary of state. Peter Baker writes ...

Permanent Damage - Comic Book Resources
The recent talk of selling/merging Archaia Studio Press to/with Devil's Due or Kunoichi stirred up a little firestorm of talent panic over their perceived rights . Many rumors rapidly flew around as to what was asked and expected, and what talent had ...