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New Push to Ease Debt - Inside Higher EdTaking an innovative tack to try to shrink student debt, a broad and surprisingly diverse coalition of student groups, lenders, parent associations and others has filed an unusual petition urging the U.S. Education Department to rewrite its ...
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