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News about Mortgages:
Amazing Case of Loan and Mortgage Fraud - KLAS-TVLoan and mortgage fraud is becoming big business across the country and crooks continue to find new ways to take advantage of almost anyone and steal any identity. Eyewitness News has uncovered an amazing case that involves a victimized grandmother ...
Citigroup names new banking chief - Raleigh News & ObserverStory Tools NEW YORK - Citigroup named a veteran retail banker Monday to head its North American consumer banking unit, splitting it from its credit-card business as Citi struggles to become profitable again after suffering its biggest quarterly loss ...
Filed under: NewYorkYankees - Sporting NewsIs the MLB that strapped for cash? Having one of the few nights in recent memory where I could simply relax and take in one of the Monday night games on ESPN was nice. While I was flipping between my Nats game and the Cubs I was perfectly content ...

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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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