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Financial News
Area housing market slips as prices drop 14% over the past year - Record Searchlight
Redding’s housing market sizzled five years ago when it topped a government index as the fastest-appreciating area in the nation. It was the dawn of an unprecedented real estate run-up that exhausted itself in early 2006. Today, Redding is one of ...

With Deron Williams back, Jazz run past Grizzlies - FOX News
Williams had 11 points and 15 assists in his return to the lineup, leading the Utah Jazz to a 117-100 victory over the Memphis Grizzlies on Wednesday night. The Jazz shot 54 percent from the field and had three players score 21 or more points. "We ...

Schools, businesses feel effects of neighborhood's misery - San Diego Union-Tribune
CHULA VISTA – During the first half of the decade, when home prices were soaring, the Rev. Carl Dreves watched in amazement as new neighborhoods took shape in sprawling Otay Ranch. Prospective buyers recently toured a three-bedroom model home that ...

2008 Election - Oregonian
Diane McKeel will take a seat on the Multnomah County Board of Commissioners in January, after a narrow come-from-behind victory. McKeel, the executive director of the West Columbia Gorge Chamber of Commerce, said she will spend the next two months ...

Stock market bears down on recent retirees' dreams - Detroit Free Press
When Dan Valle took his buyout from Ford Motor Co. more than a year ago, he did what he thought was the sensible thing. Then age 57, he rolled over a lump-sum payout, roughly a year's salary, into an individual retirement account. He turned to a ...

Rising foreclosures rock families - Northwest Herald
Cary Bruce is on the edge of foreclosure. Janice Jones has been to the brink and back. In May 2004, Bruce, a McHenry native, and his wife bought a small house in Round Lake Beach where they live with four children. They bought the house before Bruce ...

Tough times for real estate agents, bankers - Northwest Herald
During the boom times, Jan Leider liked to take five vacations a year. Now, the president of Northwest Mortgage Services takes one. Leider's Crystal Lake business is off. She is selling about half the number of mortgages that she did during the first ...

The rising taxpayer burden - bbc
For me, the most interesting story of the past 24 hours is that VW , the stressed German carmaker, is trying to raise €2.8bn (£2.2bn) from the European Central Bank . It plans to raise cash from the ECB in exchange for €2.8bn of ...

INDUSTRY NEWS & PEOPLE March 2007 - Business Travel Executive
The NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...

US Economy--Recession, Depression, or Collapse? - Common Dreams
"For Consumers, the Hits Keep Coming" a recent banner headline in a New York Times-owned daily newspaper here in Northern California reports. The article misses the main points. If we continue to understand ourselves as primarily passive consumers ...

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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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