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Beaumont Hospitals to announce turnaround plan - Detroit Free Press
Beaumont Hospitals, long one of the Detroit area’s most financially healthy hospital systems, will announce a financial turnaround plan today, it said in a statement. The hospital system declined further details prior to a 2 p.m. news conference ...

Voices of the Evacuated - Santa Barbara Independent
del.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 ...

GMAC confirms it is in talks to become bank holding company - Detroit News
WASHINGTON -- GMAC confirmed today it is in talks to become a bank holding company -- a move that would help it access new capital from government regulators. The auto finance company also plans to refinance its debt. The finance company is in ...

Equity Based Services, Inc. Thaws Credit Freeze - PR Inside
www.ebscorp.com - Equity Based Services, Inc. Kurt Ambrosius, 619-220-6700 kurta@ebscorp.com Equity Based Services, Inc. ("EBS") announced an equity recapitalization of its AMS IV Self Storage facility in Austin, TX. The property was originally ...

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 ...

What is the single most important ramification of the election? - Atlanta Journal Constitution
Before I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...

Agency offers mortgage assistance to homeowners in trouble - Palm Beach Post
WASHINGTON — After more than a year of piecemeal mortgage-relief initiatives, Washington and the mortgage industry Tuesday announced the most sweeping effort to date to get at the heart of the credit crisis - falling U.S. home prices and record ...

Ramco-Gershenson Properties Trust Q3 2008 Earnings Call Transcript - Seekingalpha.com
Greetings and welcome to the Ramco-Gershenson Property Trust third quarter 2008 earnings conference call. (Operator Instructions). It is now my pleasure to introduce your host, Dawn Hendershot, Director of Investor Relations for Ramco-Gershenson ...

Obama Turns Endorsement Into Attack - Wall Street Journal
Amy Chozick reports from Pueblo, Colo., on the presidential race. A high-level endorsement usually gives a presidential candidate a boost…unless the endorsement comes from Dick Cheney . Barack Obama seized on the unpopular sitting vice president ...

'Muzzled' Biden's Halloween Present: A Press Avail - ABC News Blogs
ABC News' Matthew Jaffe reports: Earlier this week, Republicans claimed that Sen. Joe Biden, D-Del., had been “muzzled” by the Democratic campaign, noting that he had not held a full-fledged press availability with traveling reporters since a ...

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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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