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News about Mortgages:
Squatters in their own house: When banks don't foreclose - Washington PostSquatters in their own house: When banks don't forecloseWashington PostStill, they remain in the yellow ranch-style home they bought seven years ago for $128000, with its views of the San Jacinto Mountains. ...and more »
Many stay at home for free as banks defer evictions - San Luis Obispo TribuneMany stay at home for free as banks defer evictionsSan Luis Obispo TribuneStill, they remain in the yellow ranch-style home they bought seven years ago for $128000, with its views of the San Jacinto Mountains. ...and more »
JPMorgan Chase & Co (NYSE:JPM) to Open 12 New Bank Branches - TransWorldNews (press release)JPMorgan Chase & Co (NYSE:JPM) to Open 12 New Bank BranchesTransWorldNews (press release)They will offer a variety of full range banking services including checking accounts to mortgages and investment and mortgage services. ...and more »

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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.
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