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Financial News
Cause and Effect - American Enterprise Institute
Although the media are full of talk that we face a "crisis of capitalism," the underlying cause of the financial meltdown is something much more mundane and practical--the housing, tax, and bank regulatory policies of the U.S. government. The ...

Help for homeowners struggling with their mortgages - Chicago Tribune
A growing number of mortgage rescue plans are being floated to aid distressed homeowners but all involved agree there is no way to help consumers who don't have a steady income stream. "These aren't grant programs, these aren't subsidy programs ...

GAP bridges home crises - Nashville Tennessean
In March 2006, Teresa Burns glimpsed at a murky future. While attending a U.S. Department of Housing and Urban Development event, Burns learned that Tennessee had been identified as a high-risk state for real estate foreclosures. "They showed this ...

Jury at impasse in Venezuelan cash suitcase trial - FOX News
MIAMI — Jurors reached an impasse Wednesday in the trial of a Venezuelan accused of acting as an illegal foreign agent to cover up a political scandal involving a cash-stuffed suitcase. A federal judge ordered them to continue deliberations. "We ...

MarketGraphics head pitched for HUD post - Nashville Business Journal
A Nashville housing analyst is being pushed as a candidate for President-elect Barack Obama’s cabinet. Some State Democratic leaders are backing Edsel Charles for the nation’s top housing job as secretary of Housing and Urban Development. Charles ...

Title companies in Wichita doing what they can to cope with housing ... - Wichita Business Journal
Debbie Schremmer, president of Kansas Secured Title-Sedgwick County, says her company last year trimmed four workers in anticipation of a housing slowdown. Home sales this year are down nearly 15 percent. Wichita title companies are grappling with ...

Nexmed, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.com
Nexmed, Inc. (NEXM) Q3 2008 Earnings Call Transcript November 11, 2008, 10:00 am ET Executives Linda Burns – Senior Director of Corporate Relations Vivian Liu – President & CEO Hem Pandya – VP & COO Mark Westgate – VP & CFO Presentation ...

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 ...

IN BRIEF - Las Vegas Review Journal
Two mortgage real estate investment trusts managed by Vestin Group on Monday reported third-quarter losses, reversing profit for the same period a year ago. Vestin Realty Mortgage II lost $40.1 million, or $2.72 a share, compared with profit of $1.5 ...

Tulare County real estate market hit by historic losses - Visalia Times-Delta
New real estate figures released for Tulare County this week present an ever-grimmer picture of the local fallout caused by the nationwide housing-market slump and economic downturn. Foreclosures are up, home values continue to slide, and one out of ...

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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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