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News about Mortgages:
Mortgage market tightens further - Aspen Daily NewsThe recent era of easy mortgages for resort real estate is over, local bankers and mortgage brokers say, and the tighter money market is having a negative effect on the Aspen economy. "People were able to get stated income loans," said Mike Taets ...
About This Poll - San Francisco GateLay, 64, died early Wednesday morning in Aspen, Colo., while awaiting a judge's sentencing this fall that could have sent him to prison for decades. He died from coronary artery disease, according to Scott Thompson, the chief deputy coroner for ...
Worker housing owners get survey - Aspen TimesASPEN — Nearly 1,000 owners of deed-restricted worker housing in Aspen and Pitkin County are being asked how willing they’d be to give up their residence. A Housing Authority Task Force, made up of six appointed citizens, wants to know whether ...
Full Story » - Aspen Daily NewsThe 253-page State of the Aspen Area 2008 report was presented to local elected and appointed officials Tuesday night by city and county planners and a team of consultants. One of the key findings in the economics section of the report was that ...
AHM told to cease - Long Island Business NewsState banking officials issued a temporary cease and desist order Friday against American Home Mortgage Corp. of New York and two of its affiliates for possible violations of mortgage banking laws. The order requires American Home to stop failing to ...
A Bailout Wouldn't Affect Connecticut Lenders Much - Hartford CourantA bailout bill for the financial industry, when and if it comes out of Congress, isn't likely to have a major impact on Connecticut's lending institutions. That's mostly because banks chartered in Connecticut aren't facing the woes of their ...
Devaluation of portfolios worry Aspen retirees - Aspen TimesASPEN — When Aspen resident Joanne Johnson was told she would need a knee replacement within three to five years, she put enough money aside to pay for the anticipated operation. She carefully invested the money into stocks, bonds, mutual funds and ...
Market's tanking but Mayor happy to invest $134m - Brisbane TimesBrisbane Lord Mayor Campbell Newman is pushing ahead with plans to invest council money in the share market, despite uncertain global economic conditions. Cr Newman this morning outlined his bid to invest $134 million held in council's version of the ...
Mountain Town News - Idaho Mountain ExpressDONNELLY, Idaho -- Clouds continue to pile up over Tamarack, the ski-based resort located 90 miles north of Boise that only three years ago drew President George W. Bush for a vacation. The latest bad news for the developers is that two banks, Bank ...
Meltdown Hits Snow Country - Newwest.netWhile Wall Street was trying to regain its staggering losses and Congress was reaching for a way to prop up the economy’s tumbling dominoes, it was party time at Vail . At the foot of Beaver Creek Mountain, 1,000 people came last Friday to nibble ...

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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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