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News about Mortgages:
Homeowners Rush to Refinance - KAAL-TV(ABC 6 NEWS) -- Resolve to save money in 2009. Now, you can. Just this week mortgage giant Freddie Mac says the cost of borrowing has slid more than 1 percent from this summer, averaging 5 percent. That's the lowest recorded rate since the survey ...
Consumer News: Refinancing - WDEFMortgage rates have been dropping like a stone lately. So should you consider possibly refinancing your loan? As Jessica Doyle reports in today's Consumer Watch...homeowners could face a hurdle in the refinancing process. GOOD NEWS HOMEOWNERS: "We're ...
Salinas' commercial real estate market holds up - Thecalifornian.comWhile national forecasts for commercial real estate are full of doom and gloom for 2009, Salinas markets look surprisingly resilient, especially in the face of the meltdown in local housing markets. "We're not as bad as some other areas but the ...
IRS agents soften heart for delinquent taxpayers - Las Vegas SunAs the nation sinks deeper into recession, the IRS is offering to waive late penalties, negotiate new payment plans and postpone asset seizures for delinquent taxpayers who are financially strapped, but make a good-faith effort to settle their tax ...
Bonner County's home loss rate doubles in 2008 - Bonner County Daily BeeSANDPOINT - More than a million U.S. homeowners are expected to hand over their house keys in 2009, as they lose property to foreclosure. According to Investment News, the number of foreclosures directly related to sub-prime loans will top 2 million ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Main Street versus Wall Street. Socialism versus Capitalism. The virtues of a $700 billion rescue package for banks. It all boils down to the ...
Falling gas prices good for drivers, bad for economy - ksl.comFrom what I've read, the demand for fuel has dropped anywhere between 2 and 4 percent since its record highs. But gas prices have dropped by over 67% in the same time span. I'm not buying the supply-and-demand BS -- it didn't make sense before, and ...
Horror-scope: Hopes and fears for the new year - Long Island Business NewsThe local economy is a four-car pile-up at the side of the Expressway, with flashing lights and sirens closing from a distance. Everyone is slowing to a crawl to stare at the smoking, twisted-metal catastrophe. Every statistic, from business failures ...
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