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UK plumbing supplies firm Wolseley cuts 2,000 jobs - WTOP Radio
LONDON (AP) - Wolseley PLC, the world's largest distributor of plumbing products, said Monday it would shed 2,000 jobs and close 200 branches in Britain and Ireland to adjust to the economic downturn. The company, which has already cut 5,000 jobs ...

Arlington council signs off on preliminary deal to let Cowboys build ... - Fort Worth Star-Telegram
ARLINGTON — The City Council signed off on a preliminary agreement that would allow the Dallas Cowboys to build a 1,500-space parking lot in a neighborhood west of the football stadium. Over the past few years, the team has bought land from ...

Smaller payments for Citigroup loans - Marketplace.publicradio.org
Steve Chiotakis: It is yet another finance company that's reaching out to try and alleviate the crunch that's befallen the mortgage industry. People are defaulting on loans, and some companies are trying to pull the trigger on help rather than ...

A False Fix for the Mortgage Crisis - The Washington Independent.com
As the government, housing advocates and banks like Citigroup and JPMorgan Chase struggle to streamline loan modifications and stave off foreclosures, one tactic keeps coming back to life as a sure-fire weapon: the 90-day mortgage moratorium. In ...

DAILY BRIEFING - Coloradoan
National City Mortgage, 2032 Caribou Dr., No. 101, is collecting coats for Northern Colorado families on Friday. Drop off any coat at the National City office on or before Halloween and get a raffle ticket for a chance to win a new Wii system. Cider ...

Housebuilders subside once more - Guardian Unlimited
Housebuilders are being hit again on worries about possible refinancing, along with the never-ending gloom associated with the sector (the latest being a 4.9% fall in prices in October, according to Rightmove). So Persimmon is down 36.5p at 201.75p ...

Riley suggests Uncle Sam cosign on Jeffco sewer debt - Birmingham News
Gov. Bob Riley told Birmingham business leaders Tuesday the federal government should provide a financial backstop for Jefferson County's efforts to restructure or refinance its sewer debt. That, he told members of Birmingham Regional Chamber of ...

Jefferson County seeks federal bailout - Birmingham News
WASHINGTON - It's known widely as the $700 billion Wall Street bailout, but Gov. Bob Riley and Jefferson County officials have a broader interpretation of the new economic rescue law: insurer of local government sewer debt. If their request for such ...

Owner's money woes slow mall work - Coloradoan
Saddled with mounting debt, General Growth Properties' stock has lost nearly 91 percent of its value in the past year - about 40 percent this week - amid worries the country's No. 2 mall developer would be unable to refinance $1.2 billion in debt ...

Blagojevich seeks foreclosure protections - WLS
CHICAGO (WLS) -- Governor Blagojevich is calling on lawmakers to help prevent more home foreclosures in Illinois. He is proposing a new law that would require three-month moratoriums on foreclosures for homeowners who enter mortgage counseling. For ...

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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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