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UPDATE 1-Tranche added to GE Capital's FDIC-backed notes - Forbes
NEW YORK, Dec 4 (Reuters) - A two-year floating rate note has been added to a FDIC-backed debt offering from General Electric Co 's finance unit, with pricing expected later on Thursday, according to IFR. The three-part offering from GE Capital is ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Ms. Jordan is a former operations vice president at Bank of America, her job was eliminated in 2008. Prior to Bank of America, Jordan spent ...

Citigroup, Wells Fargo, GE Capital Line Up for FDIC Debt Sales - Bloomberg
Dec. 2 (Bloomberg) -- Citigroup Inc. , the second-biggest U.S. bank by assets, Wells Fargo & Co. and GE Capital Corp. are preparing to sell bonds backed by the U.S. government, taking advantage of cheap funds to refinance debt. Citigroup plans to ...

HUD backs plan to save homes in foreclosure - Journal-News
HAMILTON — Butler County has submitted a plan to the U.S. Department of Housing and Urban Development to use a $4.2 million federal grant to combat neighborhood blight and foreclosure. Central to the county's plan is an untested initiative to keep ...

More Business - San Francisco Gate
"A house is only worth what the bank says," said Terry Hastings, a partner at Hamilton Mortgage, in Ridgefield, Conn. "It's not worth what the buyer says anymore." Mortgage lenders determined to stave off additional losses are demanding more thorough ...

State of Fairfield finances well positioned, says Flatto - TriVallyCentral
In the midst of the fiscal and credit crisis across the nation, First Selectman Ken Flatto and Fairfield Chief Fiscal Officer Paul Hiller met with the press, Thursday, Oct. 2, to inform the public about the financial issues affecting the town and how ...

Helensvale, Gold Coast, feels mortgage pain, Fitch Ratings says - News.com.au
HELENSVALE, on the Gold Coast, has been named as the most mortgage-stressed suburb in Australia by the global ratings agency Fitch Ratings. The Gold Coast and Sydney's Vaucluse have joined southwestern Sydney as the areas suffering the most from ...

Faces Of Foreclosure - San Francisco Gate
Hahn and his wife, Vanessa, walked away from the house this summer because the $5,000 monthly payments were as much as their take-home pay. They put it on the market and moved to Los Angeles, where Hahn had a good job lined up. They started off ...

Goldman, Morgan Stanley Lead FDIC-Backed Debt Sales (Update3) - Bloomberg
Nov. 25 (Bloomberg) -- Goldman Sachs Group Inc. sold $5 billion of notes backed by the government, while Morgan Stanley, JPMorgan Chase & Co. and Bank of America Corp. are preparing offerings, as banks take advantage of a new U.S. program to ...

The Greening of Hartford - Hartford Advocate
Imani Zito: making a hybrid business. Imani and John Zito have created an oasis of green businesses on New Britain Avenue across from Trinity College. Think of it as an urban homestead, where their six home-schooled children play and study and ...

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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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