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Mortgage applications remain at 5-year highs - Napa Valley Register
WASHINGTON - Mortgage applications remained at their highest level in more than five years last week, as borrowers took advantage of attractive rates and rushed to refinance their home loans. While low rates are a great opportunity for borrowers with ...

Scams preying on struggling homeowners - AZCentral.com
Valley homeowners facing foreclosure have something else to worry about: Firms and people who offer help but instead steal their money. The Arizona Attorney General's Office and state regulators are receiving a growing number of complaints about ...

IRS helps speed up home sales - San Jose Business Journal
Amid harsh economic times, the Internal Revenue Service recently sped up the process to help financially strapped homeowners refinance or sell their homes – even if a federal tax lien is already in place. The agency said there are options that ...

Community response needed - Medford Mail Tribune
I am responding to Don Bruland's guest opinion in the Dec. 28 MT. I have no issue with Mr. Bruland or the cause of seniors. I have three responses. First, "fairness" is a nebulous term or, as my father used to say, "Fairness depends on whose ox is ...

Paul Allen’s big investment in Charter looks tenuous - Birmingham Business Journal
WaMu and Yahoo ranked as year’s top business stories in the valley Analyst: Chance of bankruptcy grows at Charter Bills among NFL's top draws Paul Allen’s big investment in Charter looks tenuous WFAA reaches agreement with Charter The likelihood ...

Housing Market Perfect for Online Firms - Red Herring
Despite the fact that mortgage rates in the United States are nearing their lowest in almost 40 years, homeowners and homebuyers are waiting for rates to fall even further before they refinance or buy new homes. The reasons for the delay, real estate ...

Any go-ahead for Gunns mill 'a sham' - West Online
Any federal government go-ahead for the Gunns pulp mill in northern Tasmania will be "a sham", the Australian Greens say. Environment Minister Peter Garrett is expected to announce on Monday whether the government has approved the operating ...

Taking advantage? - Sauk Valley Daily Gazette
Do you see an ethical dilemma involved in buying things like repossessed cars, houses that have been through foreclosure, or even pawn shop items? While these kinds of purchases can be smart and thrifty, I worry sometimes that I'm taking advantage of ...

Mall owners hit the wall - Tracy Press
Though the owners of Tracy’s West Valley Mall are fighting to stave off bankruptcy, local officials say the retail center’s business will continue as usual. A shopper walks out of the West Valley Mall Friday afternoon. The mall’s owners face ...

Real-estate agents optimistic about 2009 - Daily Interlake
Real estate sales fell in Flathead County for the second straight year in 2008, but agents and lenders are optimistic about 2009. With the lowest interest rates the industry has seen in decades and several loan options available for those who qualify ...

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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
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