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Economic Downturn Puts Brakes On Many Major Region Projects - New London Day
Last New Year's Day, the upcoming year seemed to be a time when major development projects, the kind that change the look and feel of a region, were about to get under way. Nine projects in particular seemed poised to take important steps in 2008, in ...

New London OKs Expansion Of Condo Project - New London Day
New London - The developer of City Gateway Commons will be allowed to expand the condominium project from 39 to 50 units, an addition that will include a ninth floor of penthouses and an attached brick building containing parking and resident storage ...

What about the economy Obama, McCain? - Newsday
There was a surreal quality to the presidential debate Tuesday night that was very discouraging. Even as both candidates went about their scripted, well-rehearsed routines, they all but ignored the 800-pound gorilla stalking around the room: the ...

Steffy throws - Washington Times
Today's tidbit du jour has to do with Jordan Steffy 's return to practice, his first throwing work since fracturing his thumb in the Aug. 30 opener. "He threw the ball today for the first time, which I think is a positive," coach Ralph Friedgen said ...

Community Reinvestment Act had nothing to do with subprime crisis - BusinessWeek
Fresh off the false and politicized attack on Fannie Mae and Freddie Mac, today we’re hearing the know-nothings blame the subprime crisis on the Community Reinvestment Act — a 30-year-old law that was actually weakened by the Bush administration ...

Obama: Times too serious for petty attacks - Boston Globe
Responding to what is now a global financial crisis, Barack Obama today called for pragmatism not partisanship, offered some more detail on a plan to help small businesses, and tweaked his critique of Republican rival John McCain. "This is not a time ...

Darling details £50 billion bank bailout plan - Times Online
Chancellor Alistair Darling today launched a drastic rescue of Britain's high street banks in move designed to head off a cataclysmic failure of confidence by announcing a part-nationalisation plan with £50 billion of taxpayers' money. He said there ...

British taxpayer to be tied into £50bn bank bailout - Times Online
Taxpayers will be committed today to providing more than £50 billion to bail out high street banks in an attempt to avert a cataclysmic failure of confidence. Alistair Darling was due to tell the City in an early morning announcement today that the ...

Everyday Cheapskate: Fannie Mae meltdown touches all of us - Pioneer Press
Fannie Mae was created in 1938 by President Franklin Roosevelt to make it possible for more Americans to buy homes. Banks could lend money to individuals and then sell those loans to Fannie Mae. By selling loans to Fannie Mae, banks were "repaid ...

McCain's liberal bailout plan - Weblogs.baltimoresun.com
John McCain, a Republican last we checked, wants to bail out Americans on the brink of losing their homes, and he wants to put $300 billion into the effort -- wherever that figure came from. If Obama had proposed this last night, he'd be condemned as ...

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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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