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News about Mortgages:
Mortgage Rates for Best Borrowers Rise as Bonds Slump (Update2) - BloombergAug. 21 (Bloomberg) -- A decline in mortgage bond prices is raising interest rates on U.S. home loans, even for borrowers least prone to default. Rates on average 30-year fixed mortgages rose to 6.37 percent this week, about the highest in six years ...
Mortgage Rates for Best Borrowers Rise as Home-Loan Bonds Slump - BloombergAug. 21 (Bloomberg) -- A decline in mortgage bond prices is raising interest rates on U.S. home loans, even for borrowers least prone to default. Rates on average 30-year fixed mortgages rose to 6.37 percent this week, about the highest in six years ...
Mortgage Hardball, Pt. 3: Happy Ending?! - CNBCA happy ending to the saga of Kim and Scott Fisher, whom I've been blogging about for two days. Good news. Wells Fargo has agreed to a short sale and come away with $35,000 less than it's owed. Not an ideal situation, but better than forcing the ...
Fannie Video Gallery - CNBCDiscussing why some traders are buying Fannie Mae, with Scott Redler, T3Live.com and CNBC's Bob Pisani & Trish Regan. As investors dumped shares of Fannie Mae and Freddie Mac for the third straight day, CNBC's Jim Cramer urged that trading in both ...
As property values drop, lenders cut home-equity loans - San Diego Union-TribuneWhen he took out a $206,000 home-equity line of credit in 2007, Kevin Hall thought he'd secured all the funding he'd ever need for a major remodeling project at his Carlsbad home. SCOTT LINNETT / Union-Tribune Kevin Hall of Carlsbad discovered his ...
Lakeland Businesses Decry Rent Increases - The LedgerThe Blumberg building in downtown Lakeland has a new owner, who has informed businesses renting space that they face sharp increases in rent. Style Hat Shop & Boutique, located at 122 E. Main St., will shut its doors by Sept. 1, bringing to end a ...
Bankers find opportunities - Cincinnati.comDOWNTOWN - While some lenders are backing out of the distressed home loan market, two local industry veterans are getting back into the business. J. Thomas Booth and Scott A. Greene have launched Keynote Equity, a private mortgage lending firm ...
Scott's REIT buys small-box retail outlet in Que. for $11,850 - Canada EastTORONTO - Scott's REIT (TSX:SRQ.UN) has paid the relatively small price tag of $11,850 to acquire a small-box retail location in Anjou, Que. The 4,266 square kilometre retail building is located just outside Montreal and is expected to be immediately ...
The Bank of South Jersey names CEO - Philadelphia Business JournalAngela M. Snyder will become CEO and president of Woodbury, N.J.-based The Bank , effective Sept. 1. She currently serves as chief operating officer and president of retail services. She will succeed Scott H. Kintzing, who made the announcement ...
Bill Heisel joins Business full-time to report on housing - Los Angeles Times BlogsI am pleased to announce that Bill Heisel is now a permanent member of the Business staff and, in the near term, will be covering (along with Scott Reckard) the mortgage meltdown, housing foreclosures and their impact on the regional economy. Bill ...

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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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