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Buy-outs bypass bank debt in all-share deals - Financial Times
Confucius, the Chinese philosopher, said that only the wisest and stupidest of men never change. Most private equity bosses are already showing they are neither too wise nor too stupid to adjust their strategies to cope with turmoil in financial ...

Former Citizen of Year forced to move from home she loves in ... - Fosters Daily Democrat
Mike Ross/Chief photographer Longtime Somersworth resident Nancy Cameron was taxed out of her home of 19 years, she said, and now rents a duplex in Rochester, a move that allows her to continue funding her son's college education. SOMERSWORTH ...

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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