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News about Mortgages:
Stonegate Mortgage Corporation Hires Cori Drudge as Loan Originator - Market WireINDIANAPOLIS, IN--(Marketwire - November 17, 2008) - Stonegate Mortgage Corporation is pleased to announce the hiring of Cori Drudge as a Loan Originator for their Fishers, Indiana office. Prior to joining Stonegate Mortgage, Mr. Drudge was the ...
Plainfield plans open-house tour to jump-start real estate market - MyCentralJersey.comPLAINFIELD — With state and national officials scrambling to find solutions to the country's home foreclosure crisis, the city has announced a plan to address the problem on a local level. In cooperation with the Plainfield Chamber of Commerce and ...
Real-Estate Slump Thrusts Lenders Into Unfamiliar Roles - Wall Street JournalMezzanine lender Dominion Capital Management LLC didn't anticipate developing shopping centers when it lent $170 million to developer Premier Properties USA Inc. But that is what Dominion is doing since Premier fell into bankruptcy court last spring ...
Premier's collapse ruffles lender - Indianapolis StarDominion, based in Atlanta, foreclosed in April on Premier's 11 shopping centers, including Metropolis in Plainfield, Ind. With them, the lender inherited a pile of problems: anxious first-mortgage holders and millions of dollars in contractors ...
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