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News about Mortgages:
Reverse Mortgages: Saviors for Seniors - Mountain NewsIn this issue The Mountain News presents the fourth installment in a multi-part series on economic topics affecting the mountains. This week we look at reverse mortgages, who they benefit and how they work. As Congress struggles toward consensus on a ...
Foreclosure: Don’t Be a Statistic - Crestline Courier-NewsThe membership of what may be the fastest-growing club on the local scene is made up of San Bernardino County residents who’ve lost their homes to foreclosure, as the twin nemeses of lost jobs and unwise loans continue taking their toll. But amid ...
Lenders that Have Closed Shop, - Wall Street JournalMore than 80 mostly subprime mortgage lenders -- those that make home loans to the riskiest borrowers with questionable credit -- have closed shop since the end of last year as clients defaulted on payments and banks cut off the funding required to ...
The Road to Recovery - Crestline Courier-NewsA year has passed since the Grass Valley and Slide Fires swept through the mountain communities, destroying 450 structures and damaging 65 others. Over the course of that year the fire survivors have dealt with insurance companies, architects ...
Authorities identify Metrolink train engineer - Las Vegas SunRobert Sanchez seemed to be a loner, living in a simple home with four miniature greyhound dogs, neighbors said. The train engineer would come and go to work without saying much to those who lived near him. Sanchez, 46, was the engineer on the ...
INDUSTRY NEWS & PEOPLE January 2008 - Business Travel ExecutiveThe Association of Corporate Travel Executives (ACTE) has added two new members to its international team: Ronald Kosmahl, director of global education and research, and Kathleen Brannigan, senior director of global communications. Prior to joining ...
INDUSTRY NEWS & PEOPLE July 2007 - Business Travel ExecutiveThe Association of Corporate Travel Executives has named Jerome Drevon-Barreaux, global travel manager for Capgemini, as the new regional chair of ACTE Europe. A more than 10 year veteran of the business travel industry, Drevon-Barreaux directs a T&E ...
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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