Cook Mortgage Refinance and Information Online from competing Lenders

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These Loans Were Made for Walking: The End of the Subprime Crisis - Common Dreams
We are nearing the end of the subprime crisis, but this is not exactly grounds for celebration. There are still millions of low- and moderate-income homeowners who are facing the loss of their house through foreclosure. Nothing currently on the ...

American Dream Sours as Housing Market Collapses - Common Dreams
DENVER, Colo. - For Cathy Busby, May 1 marked a personal "Mayday!" as she was sucked into the housing crisis sweeping the United States. On Tuesday, she went into arrears on her mortgage after her monthly repayments soared by 40 per cent. The 47-year ...

A credit trap for consumers - Baltimore Sun
At the trial, an official with the credit bureau said that people change their last name through marriage or divorce and that the sequence of letters in "Myra" was similar to "Maria." "That's really kind of absurd," said Coleman's attorney, Sylvia A ...

A HORRIBLE HOUSING 'FIX' - New York Post
THE Senate worked speedily last week to cook up a bipartisan rescue package for the nation's housing market. This $15 billion to $20 billion package may be just a downpayment on what could become, by Election Day, a housing bill costing hundreds of ...

Foreclosure crisis going to get worse before it gets better - Arlington Heights Daily Herald
Government officials and homeowners are hunkering down. If the foreclosure crisis is bad now, the increasing trend of court filings indicates the problem will become much worse, experts say. The storm has been brewing for at least the last five years ...

Investment Sales - New York Observer
Geraldine Sargeant. Robert Knakal. Natural gas and heating oil costs are expected to rise considerably as the nation slides into winter, according to a Wednesday New York Times story . (Rising heating oil prices “could be New England’s own ...

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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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