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Mortgage rates are plunging -- for those who qualify - Los Angeles TimesThe government takeover of Fannie Mae and Freddie Mac has sent mortgage rates tumbling, prompting homeowners and would-be buyers to flood loan offices with phone calls. But there's a catch: Although the lower interest rates make it easier to get a ...
Credit crunch puts California governments in a corner - Los Angeles TimesSACRAMENTO -- With credit markets all but paralyzed and state and local governments unable to borrow money, California officials joined calls Thursday for quick approval of a financial bailout plan working its way through Congress. The warnings were ...
Silver & Gold Venture Capital Conference opens doors to ... - Reno GazetteWith much concern focused on the health of our global financial systems in past weeks, businesses of all sizes are wondering what impact Wall Street's ongoing woes will have on them. If large companies are struggling to obtain or refinance commercial ...
Group helps families in danger of foreclosure - Lowell SunLOWELL -- In the spring of 2005, Rose Bangura was dancing in the streets of Centralville. She and her husband, Osman, who had emigrated from Sierra Leone in the late 1980s, finally had captured their chunk of the American dream, a beige, two ...
Commercial Breaks - New York ObserverThe empty storefront is the new bank branch. With Citigroup’s acquisition of Wachovia and JPMorgan Chase’s Washington Mutual takeover, more storefront bank branches citywide will come into play, according to retail brokers. (Washington Mutual ...
How We Can Fix a Crisis We Did Not Create - Motley FoolYesterday, we asked for your help in passing a bill that we, after much deliberation, believe would protect the taxpayer. The volume and outrage of many of your responses was impressive, to say the least. We need to provide more context. First ...

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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.
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