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Financial News
top stories in Opinion - Wall Street Journal
1 of 10 Breaking with political tradition again, John McCain used last night's debate to announce a new initiative, dubbed the Homeownership Resurgence Plan . As described on the campaign Web site: The McCain Resurgence Plan would purchase mortgages ...

Wall Street Crisis Video Gallery - CNBC
Clogging Up the Money Marke... The $400 billion Lehman Brothers asset freeze is a major problem as it affects money flow. Ron Ianieri, chief markets st... Earnings: Upside & Downside... A look at companies that might announce quarterly earnings ...

Manassas decelerates employee housing plan - Inside Nova
Thanks to the uncertainty of state funding and the ugly real estate scenario all over Northern Virginia, the city of Manassas will be slowing down the implementation of its recently adopted employee housing program. Last month, Manassas City Council ...

Bond votes face tough challenges amid credit crisis - Greensboro Business Journal
Greensboro residents will be voting on, among other issues, $50 million to renovate War Memorial Auditorium. Even as bond-financed projects are being put on back burners around the state — victims of a credit crisis that has made borrowing money to ...

Bailing Out a Boat Full of Holes - Common Dreams
BOSTON - The U.S. Treasury's bonanza from Congress to hand out 700 billion dollars to Wall Street is not what the country needs to right its shaky economy, many independent experts say. "Despite the bailout, it's clear the economy is going into a ...

ECONOMY-US: Bailing Out a Boat Full of Holes - Inter Press Service
BOSTON, Oct 7 (IPS) - The U.S. Treasury's bonanza from Congress to hand out 700 billion dollars to Wall Street is not what the country needs to right its shaky economy, many independent experts say. "Despite the bailout, it's clear the economy is ...

The business of bankruptcy law - Maryland Daily Record
The meltdown in the real estate and financial markets is accomplishing what the passage of time has failed to do: giving bankruptcy lawyers more work than they can handle. Bankruptcies had been down since this time three years ago, when Congress ...

The bailout will fail - Online Journal
America has become a pretty discouraging place. If Ronald Reagan were still with us, I wonder if he would again refer to the United States as a city on a hill, a light unto the world. I think not. Reagan brought America back from discouragement, but ...

Analysis: Bush holds Washington blame-free - Seattle Post Intelligencer
President Bush poses for photographers after delivering a prime-time speech from the White House on the ailing financial markets, Wednesday, Sept. 24, 2008, in Washington. (AP Photo/Lawrence Jackson) WASHINGTON -- How did it happen, America's grave ...

Lawrence will have pilot program to curb foreclosures - Eagle-Tribune
BOSTON - Lawrence and other Massachusetts communities plagued by home foreclosures could get help from a series of initiatives Gov. Deval Patrick will roll out today. Under the plan, Lawrence would be the site of a pilot program to encourage lenders ...

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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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