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Even major players feel serious squeeze as revenue drops, debts rise - Las Vegas SunCasino companies’ earnings are plummeting by double digits. Debt costs are rising for many companies. And their customers are spending less. In the financial world, in this economy, those are the trend lines of doom. Indeed, a few smaller operators ...
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