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Fed’s Kroszner Defends Community Reinvestment Act - Wall Street Journal Blogs
Fed’s Kroszner Defends Community Reinvestment ActWall Street Journal Blogs, NY - 15 hours agoHe noted that Fed staffers have analyzed the relationship between the CRA and the current subprime mortgage crisis and found that the loans that are the ...

Viewpoint: When moral hazard can lead to fiscal calamity - guardian.co.uk
Viewpoint: When moral hazard can lead to fiscal calamityguardian.co.uk, UK - 7 hours agoThe case against the government's plan for two-year mortgage holidays is easy to make. Doesn't the idea fail the "moral hazard" test? ...

Northland Community Calendar December 3-9 - Kansas City Star
Northland Community Calendar December 3-9Kansas City Star, MO - Dec 2, 20086, Corbin Theatre, 15 N. Water, Liberty. $5. www.corbintheatre.org (816-581-0045) PLATTE CITY COMMUNITY BAND CONCERT: 3 pm Dec. 7, Platte County High School ...

CML: "We have in effect returned to mortgage rationing" - Mortgage Introducer
CML: "We have in effect returned to mortgage rationing"Mortgage Introducer, UK - Dec 2, 2008A good outcome next year in my view would be if we had lending at levels seen in 2008, but bearing in mind we will be in a recession, and reflecting on the ...

THE NEW TEXAS GAS WAR - World War 4 Report
THE NEW TEXAS GAS WARWorld War 4 Report, NY - Dec 1, 2008Or that compressor stations—where water and other by-products of drilling are removed from the natural gas—would dot the city, and that they give off ...

COLUMNISTS CALL FOR TAXPAYER REVOLT - WANT MORE SOCIALISM - NewsWithViews.com
COLUMNISTS CALL FOR TAXPAYER REVOLT - WANT MORE SOCIALISMNewsWithViews.com, OR - 1 hour agoWhile we had no debt on our home except the original mortgage, I knew the hurricane was building steam and sure as the sun shines, it has hit Natomas Park ...

Hawaii electric rates are highest in nation - Honolulu Advertiser
Hawaii electric rates are highest in nationHonolulu Advertiser, HI - Dec 1, 2008Electricity, water, sewer, phone and basic cable TV service alone can easily add up to more than $300 a month for a typical household. ...

Home Run: Asian American homeowners and the subprime mortgage fallout - AsianWeek
Home Run: Asian American homeowners and the subprime mortgage falloutAsianWeek, CA - Nov 14, 2008They also prefer fixed-rate mortgages over the more exotic adjustable-rate mortgages that have landed so many American homeowners in hot water. ...

Future Schlock - Atlantic Online
Atlantic OnlineFuture SchlockAtlantic Online - Dec 2, 2008And HoF II’s dining-room table had plasma-screen place mats showing water rippling over rocks—just the sort of thing a drinking man wants waving away under ...

GPS transcript: Taj Hotel owner speaks to CNN - CNN
GPS transcript: Taj Hotel owner speaks to CNNCNN - Nov 30, 2008We don't have subprime and mortgage problems. The issue is that money had been drawn out of the economy to combat inflation. ...

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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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