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News about Mortgages:
More Business - San Francisco Gate"A house is only worth what the bank says," said Terry Hastings, a partner at Hamilton Mortgage, in Ridgefield, Conn. "It's not worth what the buyer says anymore." Mortgage lenders determined to stave off additional losses are demanding more thorough ...
Man Arrested in Gruesome Killing of Ark. TV Anchorwoman - FOX NewsLITTLE ROCK, Ark. — Police on Wednesday arrested a man on a capital murder charge in the beating death of a popular television anchorwoman but offered neither a motive behind the attack nor details about why they suspected him. Curtis Lavelle Vance ...
Asia refinancing to provide risks and opportunities - International Herald TribuneHONG KONG : With nearly $500 billion in debt maturing over the next year and banks forced to be miserly, Asian companies will need to be creative in their search for refinancing, with plenty of defaults expected. Most blue chips will have little ...
The Feds' Next Step After Rescuing Banks - BusinessWeekBy Jane Sasseen So far, attempts to slow the foreclosure epidemic at the center of the crisis have had little impact. Despite "voluntary" industrywide efforts to rework troubled mortgages—efforts that Treasury Secretary Henry Paulson jawboned banks ...
Obama Overhaul of Finance Rules May Lead to Clash With Industry - BloombergNov. 5 (Bloomberg) -- Now that Barack Obama has won the White House, his campaign to overhaul a financial industry imperiled by its worst crisis in seven decades begins. The president-elect has vowed a top-to-bottom examination, focusing on ...
O.C. hospitals CEO Bruce Mogel steps down after internal probe - Los Angeles TimesAn Orange County executive has resigned after an internal investigation into his employment background and other activities, threatening new turmoil in the management of four major regional hospitals. Bruce Mogel, the president and chief executive of ...
Paulson Pulls Bait and Switch, Let's Pull One of Our Own - OpEdNews.comWait a Wall Street minute! That’s exactly what the American taxpayers did NOT want to happen. The whole idea of approving something as distasteful as a bailout of Wall Street was that it had to ensure that it’s focus was to reduce foreclosures on ...
Mortgage Meltdown - Daily Business Reviews momentum gains for a U.S. government-sponsored plan to bail out distressed residential property owners, several South Florida congressional candidates caution any program should benefit primary homeowners and exclude speculators or owners of ...
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