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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
Lubbock mortgage rates news:
Financial News
Bailout plan commitments near $7 trillion - Lubbock Avalanche-Journal
WASHINGTON - Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit cards, auto loans, mortgages and other borrowing. Total ...

Mace Security International, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.com
At this time, I would like to welcome everyone the 2008 third quarter financial results conference call. (Operator Instructions). And now I'd like to turn the call over to Mr. Nieves. Sir, go ahead. Thank you, Ken. Welcome to Mace's investor ...

Freddie Mac requests $13.8B in federal aid after losses - Lubbock Avalanche-Journal
WASHINGTON - Freddie Mac is asking for an initial injection of $13.8 billion in government aid after posting a massive quarterly loss Friday. The mortgage finance company is making the first request to tap the $200 billion promised by the Treasury ...

Farmers' new trouble at the ranch: tighter credit - Washington Post
LUBBOCK, Texas -- There is new trouble at the ranch. The worsening financial crisis is making it harder and more expensive for farmers and cattlemen to borrow money to pay for feed, land and salaries. While the credit squeeze on the agricultural ...

Chair of US auto dealers group says 700 dealers to likely close - International Herald Tribune
DETROIT : The chairwoman of the National Automobile Dealers Association says the credit crunch and economic problems are likely to cause 700 auto dealers in the U.S. to go under this year. Speaking to the Automotive Press Association in Detroit ...

Farmers face rising costs, tighter credit - Cleveland Plain Dealer
Lubbock, Texas- There is new trouble at the ranch. The worsening financial crisis is making it harder and more expensive for farmers and cattlemen to borrow money to pay for feed, land and salaries. While the credit squeeze on the agricultural sector ...

Units set to open in '08 - Amarillo Globe News
The first units in a $25.5 million apartment complex under construction in southeast Amarillo could be available in late 2008, a developer said Monday. Construction crews have begun preparing a 9-acre site at 1710 S.E. 34th Ave. for the 240-unit ...

Tougher credit market compounds auto industry woes - NWITimes.com
DETROIT | The troubles on Wall Street are clobbering the car lot on Main Street, with automakers and dealers saying tougher credit requirements are knocking potential buyers out of the market at a time when the struggling industry can least afford it ...

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