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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
Bedford home equity loans news:
Financial News
Vultures circle Wall Street, but hesitate to feed - Associated Press
NEW YORK (AP) -- When financial panic sweeps Bedford Falls in the 1946 movie "It's a Wonderful Life," the villain, Mr. Potter, moves to snap up the Bailey Bros. Building and Loan, offering a fire-sale price of 50 cents on the dollar. "I may lose a ...

Vulture funds’ could snap up deflated assets - Buffalo News
NEW YORK — When financial panic sweeps Bedford Falls in the 1946 movie “It’s a Wonderful Life,” the villain, Mr. Potter, moves to snap up Bailey Bros. Building and Loan, offering a fire-sale price of 50 cents on the dollar. “I may lose a ...

Outlook: A Too-Wonderful Lifestyle - Washington Post
• Chat House : Michael Wilbon, 1:15 "For three generations, suburban homesteading has been underwritten by our infrastructure spending, our zoning policies, our banking regulations and our tax code. Easy credit, inexpensive mortgages, cheap ...

'Vulture' investors may soon end their hesitation and swoop in - Fort Worth Star-Telegram
Alaska taxpayers picked up tab for Palin church visits Aledo Senior High elects special homecoming queen Gas drillers cut back on their leasing efforts Muslim women's law firm breaks down stereotypes Take stock of fire dangers in your home NEW YORK ...

State to save HBOS and RBS - Times Online
THE government will launch the biggest rescue of Britain’s high-street banks tomorrow when the UK’s four biggest institutions ask for a £35 billion financial lifeline. The unprecedented move will make the government the biggest shareholder in at ...

Undernews: Rezko Alert - Slate
Obama's Friend of Angelo : Barack Obama's choice of Jim Johnson to vet his VP prospects is already embarrassing his campaign, thanks to a WSJ story reporting that Johnson (according to the NY Sun ) took at least five real estate loans totaling more ...

October September August July June May April March February January ... - Nypress.com
Well, it’s official: Rupert Murdoch (illustrated here in an episode of "The Simpsons") is the reigning king of corporate media and nothing sacred is safe from his grasp. According to The Wall Street Journal , News Corp has now secured enough votes ...

Holmes: Scoundrels in Washington - Daily News Tribune
Last week in this space I revisited Bedford Falls in search of answers about the great bailout of 2008. There was Jimmy Stewart, fending off scared and angry depositors at the Bailey Brothers Building & Loan, explaining that their money wasn't in the ...

State orders mortgage co.: Stop illegal programs Bailout issues hit ... - Andover Townsman
Published: October 02, 2008 05:01 am PrintThis State orders mortgage co.: Stop illegal programs Bailout issues hit home By Bethany Bray Staff Writer First Call Mortgage Co.Inc. — an Andover company the state says has used deceptive ...

Taxpayers must risk billions for Bradford & Bingley - Times Online
An unprecedented Sunday of frantic negotiations in Britain, Europe and America resulted in two bank bailouts and a tentative agreement to prop up the world’s financial institutions. Santander, the Spanish banking giant that owns the Abbey is to ...

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