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Congress Blames Treasury as Foreclosures Mount - Common Dreams
BOSTON - A congressional banking leader Tuesday blew hot air and blame at the U.S. treasury secretary about the ongoing home foreclosure crisis, but neither made a commitment to help stressed homeowners. Congress is officially out of session, except ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

Moody's considers downgrading PharmaNet - CNBC
NEW YORK - Moody's Investors Service said Friday it will consider downgrading its debt rating on PharmaNet Development Group Inc., a drug development services company. Moody's cited a high rate of contract cancellations and doubts about the Princeton ...

Moody’s reviewing PharmaNet’s rating - Philadelphia Inquirer
Moody's Investors Service placed the ratings of Princeton's PharmaNet Development Group Inc. under review for possible downgrade. Moody's is concerned about PharmaNet's ability to refinance its $144 million 2.25 percent convertible senior notes. The ...

Exelon's $6.2 billion bid for NRG would create largest power utility ... - International Herald Tribune
WASHINGTON : Exelon's unsolicited bid to buy NRG Energy, a power generator based in Princeton, New Jersey, would create the largest power company in the country, in terms of assets, market capitalization and generation capacity, and would benefit ...

McCain's Mortgage Plan Calls for Lowering Rates for Homeowners - Bloomberg
Oct. 10 (Bloomberg) -- Republican John McCain 's plan to refinance distressed home loans includes cutting mortgage rates to just above 5 percent for troubled borrowers, an adviser said. ``We certainly want to get the rates down,'' McCain senior ...

NRG Energy rejects Exelon takeover bid - International Herald Tribune
NEW YORK : The creation of what would be the largest power company in the United States is on hold - at least for now. NRG Energy, a power generator based in Princeton, New Jersey, said Sunday that it had rejected an unsolicited takeover bid by ...

Exelon Will Take Bid To NRG Shareholders - Wall Street Journal
Exelon Corp. Tuesday said it will take its $6.2 billion offer for NRG Energy Inc. directly to shareholders of the power generator, while suing NRG and its directors, alleging they failed to give full consideration to the bid. The moves by the Chicago ...

Exelon's pursuit of NRG could cost billions more - Chicago Tribune
A revised bid to acquire power-plant company NRG Energy Inc. could be much more expensive for Exelon Corp. , the Chicago-based parent of Commonwealth Edison, whose $6.1 billion all-stock offer was rebuffed Sunday. Exelon also would need cooperation ...

If Democrats win, democracy dies - Packet Online
What date will future historians assign to the death of American democracy; assuming, of course, that such a discipline is permitted after democracy has died? Since death is a process, like the gallows stairs, the date of the first step could be as ...

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.

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