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Wall Street’s Week of Uncertainty and Exhaustion - Wall Street Journal
This is what a bottoming process in the stock market looks like . Unfathomable twists, where a market that had given up 14% of its value in four days can rebound in the span of an hour on the barest thread of clarity related to the incoming ...

For Treasury, Geithner said to be choice - Spartanburg Herald-Journal
WASHINGTON — President-elect Barack Obama will name Timothy F. Geithner, president of the Federal Reserve Bank of New York, to be his Treasury secretary, moving to fill a key post at a moment when the quavering financial markets are looking for ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

Homeownership preservation clinic scheduled in Vineland - Bridgeton News
VINELAND -- As New Jerseyans continue to struggle with economic uncertainty, Sen. Robert Menendez has announced an additional homeownership preservation clinic this Friday to offer information, direction and assistance to homeowners who are ...

VINELAND: Workshop on Fri. to help struggling homeowners - Daily Journal
VINELAND – A home ownership preservation clinic is planned for this week to offer information, direction, and assistance to people experiencing difficulty in making their mortgage payments and at risk of losing their homes. A free workshop will be ...

Crisis hit area banks a little less - Daily Journal
We're all facing issues, but money is still available," said Marc Goldberg, manager of Gateway Funding's office in Vineland. "We would have no trouble lending a billion dollars tomorrow -- if people would qualify," Goldberg added. "Qualifying has ...

Sun Bancorp, Inc. Reports Third Quarter 2008 Results - MSN MoneyCentral
VINELAND, N.J., Oct. 27, 2008 (GLOBE NEWSWIRE) -- Sun Bancorp, Inc. (Nasdaq:SNBC) reported today third quarter net income of $4.1 million, or $0.18 per share, compared to net income of $5.9 million, or $0.25 per share, for the third quarter of 2007 ...

Sun Bancorp's income off 30% in 3rd quarter - Atlantic City Press
VINELAND - Third-quarter earnings for the holding company of Sun National Bank fell 30 percent, as it saw an increase in loan-loss provisions during this period of economic instability on Wall Street, the company reported Monday. Sun Bancorp's net ...

The Obama Market: What's Hot, What's Not - Barron's Online
SINCE EARLY ON NOV. 5, THE INVESTOR CLASS HAS BEEN chattering incessantly about the multiple impacts, both positive and negative, that Barack Obama will have on various financial sectors come January 20. They may have it backward. The young president ...

Editorial Roundup: Excerpts From Editorials - Forbes
Los Angeles Times, on the government investing in U.S. banks as part of an economic rescue package: Washington's financial-rescue-of-the-day frenzy continued this week with Treasury Secretary Henry M. Paulson Jr. announcing that the government would ...

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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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