Indiana Mortgage Rates and Information Online from competing Lenders

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All types of mortgages see rate increases - Miami Herald
WASHINGTON Mortgage rates shot up this week with 30-year mortgages climbing to the highest level in nearly a year, reflecting concerns in financial markets about the troubles at corporate giants Fannie Mae and Freddie Mac. Freddie Mac reported ...

Jobless claims jump as housing market gets weaker - Miami Herald
WASHINGTON Two cornerstones of the economy - jobs and housing - sank to new depths Thursday, with unemployment claims bolting higher and home prices recording one of their steepest drops on record. The bleak reports underscored the self-reinforcing ...

Wall Street Shrinks From Competing With Fannie Mae, Freddie Mac - Bloomberg
July 24 (Bloomberg) -- Bobby Joe Cooper says she ``kicks herself every day'' for not using a Fannie Mae or Freddie Mac mortgage when she refinanced her Terre Haute, Indiana, home three years ago. Instead, the 29-year-old mother of three borrowed $55 ...

First Capital, Inc. Reports Second Quarter Earnings Increase - MSN MoneyCentral
CORYDON, Ind., July 24, 2008 (PRIME NEWSWIRE) -- First Capital, Inc. (Nasdaq:FCAP), the holding company for First Harrison Bank (the "Bank"), today reported net income of $889,000 or $0.32 per diluted share for the quarter ended June 30, 2008 ...

Indiana Community Bancorp Posts Q2 Results - Inside Indiana Business
Columbus-based Indiana Community Bancorp (Nasdaq: INCB), holding company of Indiana Bank and Trust Company, has announced secone quarter earning of $273,000, compared to earning of $1.69 million in the same quarter of last year. The company says an ...

Housing bill won't solve market's problems - Miami Herald
WASHINGTON Cash-strapped homebuyers and borrowers facing foreclosure will get some relief from a housing bill passed by the House on Wednesday but the bill won't solve the deep-rooted ills of the U.S. housing market. The bill was widely praised by ...

1st Source Corporation Reports 2nd Quarter Earnings, Dividend ... - MSN MoneyCentral
1st Source Corporation SRCE , parent company of 1st Source Bank, today reported net income of $7.25 million for the second quarter of 2008 compared to the $8.06 million reported in the second quarter of 2007. For the first six months of 2008, net ...

Edwards: The Agony of the MSM - Slate
Nibbling at the edges of the MSM: Imus laments that the Edwards L.C. story is "starting to become news." ... And there's always the late-night comics' rabbithhole into public consciousness . ... But the MSM wants photos Dallas Morning News' Rod ...

National City Reports Second Quarter 2008 Results - Forbes
CLEVELAND, July 24 /PRNewswire-FirstCall/ -- -- Net Loss of $1.8 Billion Driven By Actions to Increase Loss Reserves on Liquidating Loan Portfolios; Includes $1.1 Billion After-Tax Non-Cash Goodwill Charge Related to Previous Acquisitions -- No ...

MainSource Financial Group, Inc. Names Archie M. Brown, Jr. President ... - Market Wire
GREENSBURG, IN--(Marketwire - July 24, 2008) - MainSource Financial Group, Inc. ( NASDAQ : MSFG ) (the "Company") today announced that Archie M. Brown, Jr. has agreed to serve as the Company's President and CEO, effective August 4, 2008. Mr. Brown ...

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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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