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UPDATE 2-Enel close to 8 bln euro loan for Endesa stake-bankers - ReutersLONDON, Jan 7 (Reuters) - Italian utility Enel SpA is in advanced talks with banks to secure a syndicated loan to finance the possible purchase of Acciona's ( ANA.MC ) 25 percent stake in Endesa ( ELE.MC ), two bankers close to the deal said. The ...
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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