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Two-alarm blaze in Sheboygan - Milwaukee Journal Sentinel
Nov. 21, 2008 6:18 a.m. | Residents rescued from a two-alarm house fire in Sheboygan have been taken to an area hospital while fire crews remain on the scene this morning. The fire was reported at 3:41 a.m. in the 2300 block of Indiana Ave ...

GM, Chrysler clear issues in possible merger - Calgary Herald
General Motors Corp. and Cerberus Capital Management have resolved the major issues in a proposed GM-Chrysler merger, but the final form of any deal would depend on the financing and government support available, sources familiar with the talks said ...

McCain sells mortgage plan - Boston Globe
John McCain uses his weekly radio address to continue promoting his mortgage rescue plan -- and bash Democratic rival Barack Obama's response to the economic crisis. "We've had two debates now, with a third coming this Wednesday night. And I can't ...

China strikes pact for Russian oil - Calgary Herald
Russia and China will sign a much-delayed, long-term oil supply deal today and Beijing is in talks to lend Russian companies $20 billion to $25 billion in export-backed loans, industry sources said on Monday. The deal will give Beijing access to 300 ...

Greenspan Admits Errors to Hostile House Panel - Wall Street Journal
Alan Greenspan, lauded in Congress while the economy boomed, conceded under harsh questioning from lawmakers that he had made mistakes during his long tenure as Federal Reserve chairman that may have worsened the current slump. In a four-hour ...

For rent and for sale, part one - Boston Globe
Hello, I had a question... today I noticed the same house is both for sale and for rent... does this often happen? [Attached here was a link to a rental notice on Trulia for about $2000 a month. This house is on my client’s MLS list for sale around ...

Housing Prices to Continue Fall, Survey Shows - PR.com
A new survey shows the majority believe housing prices will continue to fall for a number of years. Destin, FL, October 03, 2008 --( PR.com )-- As Congress battles with the $700-billion bailout proposal, a large majority of those surveyed in a new ...

Darling details £50 billion bank bailout plan - Times Online
Chancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...

Ottawa bows to banks to keep credit flowing - Globe and Mail
Silver Standard (Robert Menard Rules:)) from Canada writes: Well here we go guys, get your money out of paper. We are going to go down with the USA. We really don't need to do this, its criminal what they are going to do with or savings. All the ...

They Did It on Purpose: The Housing Bubble and Its Crash - OpEdNews.com
During the Clinton administration, the government required the financial industry to start expanding the frequency of mortgage loans to consumers who might not have qualified in the past. When George W. Bush was named president by the Supreme Court ...

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.

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