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News about Mortgages:
PNC merger would double bank's size - Delmarva NowSALISBURY -- In a time when many banks are suffering the consequences of poor risk judgement, PNC Bank is reaping the rewards. "PNC did a great job of managing risk," said W. Thomas Mears, regional president of PNC Bank. "The bank was criticized by ...
Monarch Financial More Than Doubles 3rd Quarter Net Income and Reports ... - Yahoo FinanceCHESAPEAKE, Va., Oct. 15 /PRNewswire-FirstCall/ -- Monarch Financial Holdings, Inc. (Nasdaq: MNRK - News ), the bank holding company for Monarch Bank, reported greatly improved third quarter net income and record year to date net income. Net income ...
Week in Review - Monday, Sep 22 - Delaware OnlineBurrell's three-run homer sends Phillies past Braves, extends National League East lead to 2 1/2 games with five games to play. I’m here as a citizen, who knows that our nation depends on the service of those who are civilians in peace, soldiers in ...
Week in Review - Thursday, Oct 23 - Delaware OnlineSMYRNA -- Ronny Burris leaned his tall, burly frame over a cart filled with plants and smiled at the people entering his store on U.S. 13. The visitors from the Middletown-Odessa Senior Center waved at the unassuming man in the plaid shirt and jeans ...
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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