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Latest Pictures - Newstrack India
to the merger of the State Bank of Saurashtra with the State Bank of India to enable... Bank of Saurashtra by the State Bank of India , in terms of section 35(2) of the State Bank of India Act, 1955 ii) to introduce Bill (a) repealing State Bank of ...

Mall owner struggles to regain solvency - Bartlesville Examiner-Enterprise
General Growth Properties Inc., which owns Washington Park Mall in Bartlesville, may be forced to file bankruptcy if it is unable to extend or refinance its nearly $1 billion in debt due in December. Steadily declining this year, its stock market ...

Washington Hospital helps bail out St. Rose - Inside Bay Area
FREMONT — Washington Hospital has approved a $1.5 million grant to help keep St. Rose Hospital in Hayward afloat. The grant, approved last week at the urging of Alameda County health officials, is part of a plan to help St. Rose refinance its debt ...

BSkyB to raise $600 million in bond issue to refinance debt, make ... - Los Angeles Times
LONDON (AP) _ Satellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses. BSkyB, whose biggest shareholder is Rupert Murdoch's News Corp ...

Owner of 7 malls in Washington faces possible bankruptcy - Seattle Post Intelligencer
A Chicago company that owns seven mall properties in Washington state faces financial trouble and possibly bankruptcy, but its shopping centers will continue to operate as usual. General Growth Properties Inc. operates Westlake Center in downtown ...

Top salesmen for financial bailout face grilling - WTOP Radio
WASHINGTON (AP) - The two top salesmen for a $700 billion financial bailout are in for a grilling by Capitol Hill lawmakers just one week after the administration officially ditched the original strategy behind the rescue. Federal Reserve Chairman ...

World leaders pledge to combat global crisis - KTAR.com
WASHINGTON (AP) - European and Asian markets on Monday didn't think much of the lengthy action plan world leaders came up with over the weekend to address a sagging global economy. The plan was produced at a weekend meeting of leaders of the Group of ...

UK plumbing supplies firm Wolseley cuts 2,000 jobs - Washington Post
LONDON -- Wolseley PLC, the world's largest distributor of plumbing products, said Monday it would shed 2,000 jobs and close 200 branches in Britain and Ireland to adjust to the economic downturn. The company, which has already cut 5,000 jobs across ...

Ecuador auditor says debt irregular, urges default - Washington Post
QUITO, Ecuador -- The official overseeing an audit of Ecuador's foreign debt said his committee has found irregularities tied to almost all of the country's bonds and will recommend that it default on its $10.3 billion in debt. After a yearlong ...

Citigroup layoffs trump global economic plan - Seattle Post Intelligencer
WASHINGTON -- Another round of massive layoffs at Citigroup and more bad financial news Monday led investors to shrug off the lengthy action plan from world leaders designed to address a sagging global economy. Citigroup said it will cut about 53,000 ...

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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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