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How to stop bank nationalisation - bbcAs I said this morning, there's a chance the state won't end up owning a whacking 60 per cent of Royal Bank of Scotland and 40 per cent of the superbank formed by the merger of Lloyds TSB and HBOS. But if the Treasury wants to minimise the ...
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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