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News about Mortgages:
No parole for scam man - Edmonton SunConvicted mortgage-fraud kingpin Gohar Pervez plans to dive right back into the real estate business just as soon as he is released from prison, National Parole Board documents indicate. The same documents detail the reasons for denying Pervez's ...
Paulson, Bernanke defend $700B bailout - Edmonton SunWASHINGTON (AP) — Treasury Secretary Henry Paulson expressed fresh reservations Tuesday about tapping a $700 billion bailout pool to provide mortgage guarantees to help stem soaring home foreclosures. Paulson and Federal Reserve Chairman Ben ...
'Steady as she goes' - Winnipeg SunLt.-Gov. John Harvard delivered Manitoba's provincial throne speech yesterday, outlining the NDP government's plans for the coming year. Those plans include a flurry of bans on everything from plastic bags and making phone calls while driving to ...
Not all agents hit by property slump - Independent OnlineThe number of property transfers registered at Cape Town's deeds office has nearly halved since an industry peak two years ago. According to the Deeds Registry office only 293 866 property transfers have been registered this year, compared with the ...
Energy prices knock inflation for loop - Ottawa SunSharply falling energy prices took the steam out of inflation last month, cutting the overall rise in Canadians’ cost of living to 2.6 per cent, down from 3.4 per cent in September. On a month-to-month basis, consumer prices fell one per cent in ...
U.S. home construction sinks to record low - Winnipeg SunWASHINGTON — Construction of new homes in America plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived. Embattled homebuilders, who enjoyed a five-year boom ...
March 9 - March 16 - Dakota Voice► January 16 - January 23 (1) RAPID CITY--Citizens concerned about life came out from across the state of South Dakota tonight for a pro-life rally at the Ramkota Hotel in Rapid City, South Dakota. The evening featured keynote speaker Janet Folger ...
Charity offers up $68M in mortgage rescue money - Chicago Sun-TimesThe John D. and Catherine T. MacArthur Foundation said Wednesday it is investing $68 million in grants and low-interest loans to stop foreclosures in Chicago neighborhoods, to help 10,000 households, prevent 2,700 foreclosures by 2010 and provide ...
TD boosts mortgage rates - Edmonton SunMortgage rates in Canada are heading higher as fears of inflation resonate through the bond market while U.S. legislators move towards agreement on a $700 billion US bailout plan for Wall Street banks. The story you are searching for is available in ...
MacArthur Foundation to help stop Chicago foreclosures - Chicago TribuneSaying it is well aware of the problem in its own Chicago backyard, the John D. and Catherine T. MacArthur Foundation today announced $68 million in local grants and low-interest loans to help stop the rising number of home foreclosures. The ...
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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