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Three days that shook the world - CNNMoney.comThree days that shook the worldCNNMoney.com - Dec 14, 2008But, on Saturday, as mortgage-securities experts from Citigroup, Credit Suisse, Deutsche Bank and Goldman Sachs analyzed the portfolio, they quickly ...
Review of the Year - Sunday Business PostReview of the YearSunday Business Post, Ireland - Dec 27, 2008Merrill Lynch takes a $14.1 billion writedown in the fourth quarter on subprime mortgage losses and posts a $9.8 billion net loss for the quarter. ...
New York Law School - New York Law School (press release)New York Law SchoolNew York Law School (press release), NY - Dec 17, 2008Ms. Getsin, who joins the firm's new Blue Sky Practice Team, was formerly an associate in the NASD/Blue Sky Group at Sullivan & Cromwell LLP. Hon. ...
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