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

Price refinance mortgage news:

Shelby favors changing automaker management teams - Quad-Cities Times
WASHINGTON - The top Senate Banking Committee Republican says nothing will turn around the troubled U.S. auto industry until its top management is ousted and the manufacturing model overhauled. Sen. Richard Shelby of Alabama said Wednesday he didn't ...

Consumers may get ray of good news: lower prices - WTOP Radio
WASHINGTON (AP) - American consumers hit by a seemingly endless stream of bad news, from vanishing jobs to shrinking retirement accounts, may be in for a small dose of relief: lower prices at stores. The Consumer Price Index, the country's most ...

October retail sales expected to be weak - Newsweek
Recommended (6) As the World Reels Q&A: CFR's Haass on Obama's Foreign Policy Agenda The Anatomy of Fear, and Its Effect on the Economy It Now Takes Three Men to Do What J.P. Morgan Did The Economy: Why It’s Worse Than You Think Roundtable ...

Nov 14, 9:26 AM EST - Associated Press
WASHINGTON (AP) -- Consumers, taking a beating from the worst financial crisis in seven decades, cut back sharply on their spending in October, pushing retail sales down by a record amount. As President George W. Bush and other world leaders gathered ...

Get right side up by modifying home loan - Everett Herald
Question: I read your column last Sunday where you said home values will probably fall another 5 percent to 10 percent next year. That's bad news to us since our home value is already less than our total mortgage balance. We bought our home two years ...

Higher lending limits will end - Contra Costa Times
Memo to Bay Area home buyers and owners: Your days to buy or refinance homes using big loans set at low interest rates are numbered. As part of the economic stimulus bill that became law in February, loan limits on government-backed mortgages were ...

Reverse Mortgage Rules Change to Allow Senior Citizens to Buy a New ... - Senior Journal
We have heard many senior borrowers who loved their homes and never wanted to leave it. We have heard from almost as many who told us that they found their existing home just did not suit their needs any longer, but they could not see any way of ...

Mitch Schnurman: Mortgage bailout is good for everybody - Fort Worth Star-Telegram
It sounds heartless, maybe even bitter, to ask the question: Why should we rescue people who aren’t making their home payments? Foreclosures are a huge problem, no doubt. Yet the vast majority of Americans are paying their mortgages on time, even ...

Tulare County real estate market hit by historic losses - Visalia Times-Delta
Foreclosures are up, home values continue to slide, and one out of every four Tulare County home-mortgage holders owes more money on their loan than their house is worth, local real estate and banking experts said Friday. The figures are a reflection ...

Church hierarchy stalled priest ousters, Weakland testifies - Milwaukee Journal Sentinel
Nov. 20, 2008 2:34 p.m. | Now-retired Archbishop Rembert Weakland, in a videotaped deposition released today, said his attempts to oust sexually abusive priests from the priesthood was stalled by a protective church hierarchy despite his pleas for ...