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Obama girls get to see their new White House rooms - Post-Bulletin
WASHINGTON -- Malia and Sasha Obama got a tour of their new White House digs from Jenna and Barbara Bush on Tuesday and checked out potential schools, capping a busy few days looking into their new life in the nation's capital. President George W ...

UPDATE 1-Russia TMK seeks state help on debt - Guardian Unlimited
MOSCOW, Nov 18 (Reuters) - Russian steel pipe maker TMK is in talks with state banks to refinance outstanding debt from its $1.2 billion purchase of the U.S. assets of IPSCO, Deputy General Director Vladimir Shmatovich said on Tuesday. "We hope this ...

HUD Said to Entice Banks to Enter Foreclosure Program (Update1) - Bloomberg
Nov. 19 (Bloomberg) -- The Bush administration, seeking to entice more lenders to join a program aimed at preventing foreclosure, is considering a reduction in the costs for the banks that sign up, a senior administration official said. The Hope for ...

NeighborWorks America Honors HUD’s Assistant Secretary for ... - PR Inside
Today NeighborWorks® America announced that Brian D. Montgomery, Assistant Secretary for Housing and Federal Housing Commissioner of the U.S. Department of Housing and Urban Development (HUD), is the recipient of the 2008 NeighborWorks® Government ...

Attorney Gen. Madigan Sues Mortgage Rescue Firms - CBS 2 Chicago
CHICAGO (CBS) ― Illinois Attorney General Lisa Madigan is warning struggling homeowners about mortgage rescue companies. Madigan on Tuesday announced that she's filed seven new lawsuits against businesses she says offered false hope to homeowners ...

Regions Program Helps Keep Residential Mortgage Foreclosures Low - MSN MoneyCentral
Regions Financial Corporation RF today announced that it has reached out to over 103,000 residential first mortgage and home equity customers in the first year of its program to help customers avoid hardship. As a result, Regions has taken steps ...

Stuart Fine Foods owner maintains hope of reopening Palm City store in ... - Fort Pierce Tribune
PALM CITY — Joe Mazzochi can be found daily in his second floor office atop the Stuart Fine Foods store in Palm City. But rather than helping people find the latest produce or donating to any of the 120 organizations he says the Mazzochi family has ...

FG to issue 20 years bond in 2009 - Vanguard
The Federal Government through Debt Management Office (DMO) is proposing to issue a 10 million units 20 year Bond to finance its deficit budget. Director, Market Development of the DMO, Mrs. Patience Oniha disclosed this weekend at Ijebu Ode, Ogun ...

World leaders pledge to combat global crisis - WTOP Radio
WASHINGTON (AP) - With the global economy threatening to slip into a prolonged recession, world leaders have come up with a lengthy action plan they hope will bolster badly shaken investors' confidence. The plan was produced at a weekend meeting of ...

Rising foreclosures rock families - Northwest Herald
Cary Bruce is on the edge of foreclosure. Janice Jones has been to the brink and back. In May 2004, Bruce, a McHenry native, and his wife bought a small house in Round Lake Beach where they live with four children. They bought the house before Bruce ...

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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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