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City hall complex project to total over $7 million - Daily Telegram
If the city of Adrian pursues refinancing some of its debts, it will spend more than $10 million when the cost of the city hall complex is included. City administrator Dane Nelson said at a pre-meeting scheduled before the commission’s regular ...

'Black Friday' won't stave off black days ahead: Analysts - Ottawa Sun
WASHINGTON (AP) — U.S. retail shoppers hunting for holiday bargains on ”Black Friday” won’t be enough to stave off what’s likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims ...

U.S. Auto Workers to hold meeting on bailout - Winnipeg Sun
DETROIT (AP) — Local United Auto Workers leaders from across the country will hold an emergency meeting in Detroit on Wednesday to discuss concessions the union could make to help auto companies get government loans. UAW leaders called the meeting ...

Experts predict tough times for commercial landlords - San Diego Union-Tribune
So far, commercial real estate has avoided the massive mortgage defaults that have hit homeowners, even though San Diego County offices, shopping centers and hotels saw similar surges in prices over the past few years. But experts are beginning to ...

Brazilian Farm Credit Shrinks; Growers Reduce Crops (Update1) - Bloomberg
Nov. 25 (Bloomberg) -- Coffee farmer Joao Carlos Terra says his trees will yield about a third less than planned next year because he can’t get a big enough loan to buy fertilizer and pesticide as the global credit crunch bites in Brazil. Terra ...

Distress soon could hit US commercial property - Guardian Unlimited
NEW YORK, Sept 8 (Reuters) - U.S. commercial real estate prices are likely to tumble over the next 12 to 18 months as more borrowers default on their loans and regulators crack down on banks, pushing even more properties onto the market. Since the ...

U.S. Stocks Drop on Foreclosures, Earnings Slump; MGIC Slides - Bloomberg
Oct. 23 (Bloomberg) -- U.S. stocks fell for a third day, led by financial and consumer shares, after home foreclosures surged to a record and the credit crisis hammered earnings at asset-management and real-estate companies. MGIC Investment Corp ...

Remarks by the President to America's Small Business Summit 2008 - ChristianNewsWire
THE PRESIDENT: Thank you all. Thanks for coming. Thank you very much. (Applause.) Thank you. Thanks for the warm welcome. I appreciate you being here in the Nation's Capital. I know most of you have come from out of town, which is good -- it means ...

Bank of China sniffs HBOS - bbc
Bank of China , the giant Chinese bank, is the mystery bank that Jim Spowart and European American Capital hope will make an offer for HBOS to stymie the takeover bid from Lloyds TSB. It would be quite an event were it to happen. If Bank of China ...

Overseas bank lines up to bid for HBOS - Scotsman
A FOREIGN bank is interested in buying HBOS and has approached the UK government on how to proceed, The Scotsman has learned. It has received assurances from the Treasury that any bid would be treated equally to the one on the table from Lloyds TSB ...

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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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