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Politicians must act quickly to support enterprise - Times OnlineThe credit crunch is fundamentally changing the relationships between governments and the market economy across the developed world - and nowhere more than in the UK. Just in the past three months, at least £50 billion of taxpayers' money has been ...
Stop The Bonuses - ForbesThese are tough times for Michael Bloomberg's free-spending "luxury city." High-end condominium speculators--long considered impervious to the mortgage crisis--are shivering in the bitter cold this winter. Four billion dollars in building projects ...
Man Indicted In Mortgage Loan Scam - KPHOPHOENIX -- A Glendale man has been indicted on charges connected to a mortgage assistance scam he allegedly orchestrated, victimizing at least 10 Valley homeowners facing foreclosure, the Arizona attorney general's office said. Bobby Herrera, 33, was ...
Investors return to housing scene - TMCnet(Press-Enterprise, The (Riverside, CA) Via Acquire Media NewsEdge) Jan. 3--After retreating in fear from housing's sudden collapse, those who buy homes as an investment are reappearing in Inland Southern California's beaten down marketplace ...
First Banks takes federal bailout money - St. Louis Post-DispatchFive months after taking a $100 million bailout from the Dierberg family, First Banks is taking another $295 million from the federal bank rescue fund. The bank issued $295 million in preferred stock, paying a 5 percent dividend, to the U.S. Treasury ...
Thomas Sowell: Random thoughts on passing scene - Enterprise-JournalMaybe the current bailout fever is Congress’ way of getting into the spirit of the season— saying in effect, “Yes, Virginia, there is a Santa Claus.” They will undoubtedly also be saying, “Yes, New Jersey, there is a Santa Claus... Yes ...
Experts Expect Major Overhaul of Financial Regulation - NewsMax.comWASHINGTON – President-elect Barack Obama and Democrats in Congress will take over the government this month with big plans to overhaul U.S. financial regulation and a surge of momentum behind them. From the mortgage meltdown to the Bernard Madoff ...
Editorial: Banks should be accountable - Enterprise-JournalWhen Congress was ramming through the $700 billion bailout package for the troubled financial industry a couple of months ago, the fear was that it was being done in such haste that there would inevitably be problems. And so it has come to pass ...
Obama takeover augurs financial regulator shakeup - ReutersWASHINGTON (Reuters) - President-elect Barack Obama and Democrats in Congress will take over the government this month with big plans to overhaul U.S. financial regulation and a surge of momentum behind them. From the mortgage meltdown to the Bernard ...
Prospect of longer recession puts a question mark over government aims - HeraldTHE prospect of a two-year recession - deeper and longer than predictions by Treasury statisticians suggest - has cast a shadow over measures to mitigate the long-term impact on the economy and short-term consequences for those losing jobs and homes ...
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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