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News about Mortgages:
Mortgage rates fall to third straight record low - Associated PressWASHINGTON (AP) -- Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring. With the Federal Reserve on the verge of pouring hundreds of billions of ...
Mortgage refinancing skyrockets - Cincinnati.comWith U.S. mortgage rates the lowest in 30 years, local lenders say they've seen a strong surge in loan applications as homeowners seek to refinance their mortgages in Greater Cincinnati and Northern Kentucky. From the largest commercial banks to ...
Treasury considering more financial rescues - Cincinnati.comWASHINGTON - The Treasury Department opened the door Friday to using a Citigroup-style rescue package to help other troubled financial institutions. The financial lifeline thrown to Citigroup Inc. in late November involved backing billions in risky ...
Butler County: Foreclosed properties down in '08, sheriff says - Journal-NewsThe housing market appears to be improving locally as fewer properties were sent to foreclosure auction this past year. According to figures released by the Butler County Sheriff's Office, 1,390 properties were sent to foreclosure auction in 2008 ...
P&G Fights for Cash Amid $2 Trillion U.S. Borrowings (Update2) - BloombergJan. 7 (Bloomberg) -- Procter & Gamble Co., the world’s largest consumer products manufacturer, and luxury automaker Daimler AG may pay hundreds of millions more in annual interest this year as they prepare to refinance debt with borrowing costs at ...
It's your money! 20 do's and dont's for 2009 - WTVMDuring the worst economic crisis in a lifetime, the right financial decisions are crucial. BusinessWeek asked financial planners for some advice on what to do-or not to do-with your money in the New Year. As we bid farewell to a dreadful 2008, these ...
Developers, agents trying to adapt in tough economy - Knoxville News SentinelOrlando-based development company Land Resource closed its sales office for The Villages at Norris Lake last summer and development work came to a halt on the waterfront project near LaFollette. How long will the pain last? As the calendar turns to ...
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