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Rep. didn't pay mortgage interest on property - Baltimore Sun
WASHINGTON Rep. Charles B. Rangel paid no mortgage interest on a beach resort property for more than 10 years, a lawyer for the powerful House committee chairman said yesterday. The New York congressman's lawyer, Lanny Davis, told the Associated ...

U.S. 30-year mortgage rates fall in latest week - Reuters
WASHINGTON, Sept 4 (Reuters) - U.S. 30-year mortgage rates fell slightly in the latest week, according to a survey released on Thursday by home funding company Freddie Mac. U.S. 30-year mortgage rates dipped to an average of 6.35 percent from 6.40 ...

FOR FREDDIE AND FANNIE? Government outlines a plan for seizing the ... - Herald Tribune
WASHINGTON -- Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place ...

Paulson Plans to Bring Fannie, Freddie Under Government Control - Bloomberg
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson is preparing to announce plans to bring Fannie Mae and Freddie Mac under government control, seeking to halt the crisis of confidence in the companies that make up almost half the U.S. mortgage ...

Reuters Business Summary - Washington Post
U.S. to take control of Fannie and Freddie: reports WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) under federal control, the New York Times ...

Government may soon back troubled mortgage giants - Philadelphia Inquirer
WASHINGTON - The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the ...

U.S. to take control of Fannie and Freddie: reports - Reuters
WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could ...

U.S. plans mortgage bailout - Chicago Tribune
WASHINGTON — Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac , the mortgage finance giants, that the government was preparing to seize the two companies and place ...

Lawyer: Rep. Rangel did not know of $75,000 condo income - Seattle Times
WASHINGTON — Rep. Charles Rangel, D-N.Y., did not know that the Caribbean resort villa he purchased 20 years ago was financed with a no-interest mortgage from the developer and has generated $75,000 in income that he should have reported on tax and ...

US government to take control of Fannie, Freddie-papers - Forbes
WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ) under federal control, the New York Times and ...

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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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