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Plans change as some owners get upside down on loans - Austin American-StatesmanWASHINGTON — Think of them as the walking wounded: The homeowners who are upside down on their mortgages, owing much more than their home is now worth. But they're still on their feet and still sending their payments each month. In this credit ...
The Next Subprime Crisis Looms - FHA-Backed Loans - Free Internet PressThe same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers - many of them the ...
Underwater, many homeowners struggle to pay loans - Providence JournalWASHINGTON — Think of them as the walking wounded: The homeowners who are upside down on their mortgages, owing much more than their home is now worth. But they’re still on their feet and still sending their payments each month. In this credit ...
Firstwatch: What's ahead in the news today - Milwaukee Journal SentinelThe herd is flocking northward not by wings or hooves but by pickup truck and SUV. The nine-day gun-deer hunt begins at dawn tomorrow which means hundreds of thousands of blaze orange-clad hunters will be stampeding to deer camps today. The ...
The Next Subprime Crisis Looms - Der SpiegelJoseph McCloskey, a former director of FHA's single-family asset management branch, says workers reviewing lender applications have had difficulty for years tracking whether executives of previously disciplined mortgage firms were applying for new ...
Once again, the subprime wolves are on the prowl - WTOL-TVAs if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long ...
Timeline: U.S. Credit Crunch & Financial Failures - KNx 1070NEW YORK (CBS News) ― Wall Street and Main Street have been caught up in credit market turmoil, which began in 2007 with rising defaults on mortgages made to financially shaky borrowers and spread to corporate bonds and other kinds of debt. May 17 ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Voices of the Evacuated - Santa Barbara Independentdel.icio.us. Trace Robinson's home at 356 East Mountain Drive was still standing as of this morning, but many Mountain Drive homes burned to the ground. Trace Robinson and her family lived at 356 East Mountain Drive, next to the Tea Gardens, where ...
O.C. toll road agency seeks federal bailout - Los Angeles TimesAs the federal government undertakes the largest financial bailout in history, Orange County's toll road agency is asking for its own hefty government handout. The agency is seeking a $1.1-billion loan of taxpayer money to shore up the finances of ...
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