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Regions Program Helps Keep Residential Mortgage Foreclosures Low - StreetInsider.com
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Financial Corporation (NYSE: RF ) today announced that it has reached out to over 103,000 residential first mortgage and home equity customers in the first year of its program to help customers avoid ...

Sunday: Highlights from today's Birmingham News - Everything Alabama Blog
Jefferson County Commission and Gov. Bob Riley are hoping the $700 billion bailout could help the county refinance $2.7 billion of its sewer debt on more affordable terms, avoiding bankruptcy. Both presidential candidates pledge strong support of ...

Hammerson hit on fears of rent defaults by retailers - Times Online
Growing worries about retailers defaulting on their rent payments made Hammerson, the shopping centre developer, one of the top fallers in a rising FTSE 100. Hammerson , part owner of the Bull Ring in Birmingham, is likely to have to refinance some ...

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 ...

RBS to slash 3,000 banking jobs worldwide - Times Online
Royal Bank of Scotland (RBS), the struggling bank, is preparing to axe up to 3,000 staff across its worldwide workforce as it braces itself against the onslaught of the global recession. Up to 1,000 jobs are expected to be lost in the UK, and today's ...

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 ...

The Way I See It - Birmingham Times
The Way I See It by Hollis Wormsby, Jr. The Birmingham Times Originally posted 11/13/2008 If this isn’t a national housing emergency...   What amazes me with the way the federal government is handling the current sub-prime mortgage crisis ...

US City could file for bankruptcy as credit crisis grows - Daily Telegraph
Birmingham in Alabama is discussing filing for bankruptcy after struggling to pay the interest on more than $3 billion of debt. The county which contains the city borrowed billions of dollars via complicated financial instruments devised by Wall ...

Credit Scores More Important Than Ever for Best U.S. Loan Rates - Bloomberg
Nov. 13 (Bloomberg) -- Bryan and Trudi Sorge used two credit cards with 0 percent interest rates to pay for a new deck at their Pine, Colorado, home, unaware the transaction would lower their credit score. ``We thought why use the cash, this is ...

Birmingham's mayor opens effort to stock city food banks - Everything Alabama Blog
Birmingham Mayor Larry Langford today announced a new campaign to stock city food banks. The mayor has asked city's 4,000 employees to donate $10 to area food banks. The mayor's logo for the food bank effort Langford this afternoon met with all 26 ...

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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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