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County home sales fall 27% in August - HometownAnnapolis.com
The Anne Arundel real estate slowdown dragged on in August, with the number of homes sold dropping 27 percent from this time last year. But industry experts said the recent federal takeover of Freddie Mac and Fannie Mae could help to boost sales here ...

Good news for local real estate market - HometownAnnapolis.com
Homebuyers are seeing the lowest mortgage rates in five months after last week's federal takeover of Fannie Mae and Freddie Mac, creating conditions that Anne Arundel real estate and financial experts say could turn around the local market. And there ...

Severn Bancorp Announces Third Quarter Dividend - HULIQ.com
This dividend is payable on October 15, 2008 to shareholders of record as of the close of business on September 30, 2008. "Despite the challenging economic environment, Severn Savings Bank, FSB continues to be classified as 'well capitalized' under ...

'Significant' charge at Glen Burnie Bancorp - Baltimore Sun
Glen Burnie Bancorp , parent company of the Bank of Glen Burnie , reported yesterday that it would record a "significant" charge against earnings during the third quarter because of losses from investments in Fannie Mae and Freddie Mac , according to ...

The Post's annual Housing Outlook provides in-depth analysis of area ... - Washington Post
The median price of single-family houses and townhouses in the Washington region eclipsed $400,000 last year, making inexpensive housing more and more of an oxymoron here. In this special feature, we check the housing market in 13 jurisdictions -- as ...

Md. foreclosures upheld - Baltimore Sun
SAN CRISTOBAL DE LAS CASAS, Mexico (AP) _ Five state police officers were arrested Sunday in connection with the deaths of four villagers during a raid on protesters who had seized the entrance of a Mayan archaeological site. The five officers led an ...

Music Scene - Bay Weekly
Anne Arundel High School Bands Battle Again Over eight years, the Anne Arundel County Battle of the Bands has raised nearly $40,000 for local high school music departments, prompting the claim that it is the largest show of its kind in the country ...

The 2008 Forecast: Cloudy, With Intermittent Sun - Business Monthly
Another new year is upon us and it begins with degrees of apprehension in various quarters. Sales in the residential housing market have slowed to a crawl, credit is tight, and home fuel and gas prices have shot up sharply in the last year, fueling ...

September 2008 - Weblogs.baltimoresun.com
Maryland's largest private employer -- the Baltimore-based Johns Hopkins Institutions -- has upped its down payment and closing-cost help for employees buying homes near the university or hospital. The maximum, once $2,500, is now $17,000, Johns ...

County not immune to rising foreclosures - Howard County Times
Howard County might be one of the wealthiest counties in the country, but it is also home to a growing number of mortgage foreclosures. The number of foreclosures in Howard has climbed every year since 2004, with 674 cases filed last year. There have ...

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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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