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Canadian mortgage professionals polish image - Prince Edward Island Guardian
VANCOUVER — The Canadian mortgage industry is polishing its image in the wake of the subprime mortgage meltdown south of the border by boosting its education standards and forcing new members to earn their stripes before landing a professional ...

Canadian mortgage professionals polish image in wake of U.S. subprime ... - Canada East
VANCOUVER, B.C. - The Canadian mortgage industry is polishing its image in the wake of the subprime mortgage meltdown south of the border by boosting its education standards and forcing new members to earn their stripes before landing a professional ...

Market change is good news for buyers - Globe and Mail
You could easily pardon anyone looking for a new condominium today for having a case of the jitters. Every day we are bombarded by U.S. reports of a housing market meltdown. CNN headlines a survey that shows one of every 452 homes in the United ...

Jury awaits instructions in Willan mortgage-fraud trial - Akron Beacon Journal
The evidentiary phase of the trial of former Evergreen Corp. President David B. Willan ended with the jury being sent home this afternoon. The judge and lawyers from both sides continued working on instructions regarding the law. Common Pleas Judge ...

RBS doubles grace period to six months for homeowners - Herald
The Royal Bank of Scotland yesterday pledged to give struggling homeowners a six-month period of grace before launching repossession action, prompting calls for other lenders to "raise the bar". As MPs put pressure on banks and lenders to follow the ...

U.S. Treasury Yields Drop to Record Lows on Recession Concern - Bloomberg
Dec. 1 (Bloomberg) -- Treasuries rose, sending yields to record lows, as a report showed U.S. manufacturing contracted in November at the fastest pace in 26 years. The yields on two-, 10-, and 30-year securities fell to record lows as global stock ...

Queen's Speech: Banks must give rate warning - This is Money
In a surprise move, families who find it difficult to meet their mortgage payments in the downturn are in line for extra support. The Prime Minister was unveiling the new package today alongside a raft of bills to crackdown on banks. He has pinned ...

Evergreen defense rests, jury sent home - Akron Beacon Journal
The evidence phase of the Summit County trial of former Evergreen Corp. President David B. Willan ended Monday afternoon, with the jury being sent home for the day. Afterward, the judge and lawyers from both sides worked on instructions for the jury ...

Mortgage slump piles pressure on Bank of England to cut rates again - Scotsman
THE value of new mortgages being offered to prospective home-buyers has plummeted by two-thirds in a month, new figures showed yesterday. Loans worth £459 million were offered in October – compared to £1.49 billion the previous month. The Bank of ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Ms. Jordan is a former operations vice president at Bank of America, her job was eliminated in 2008. Prior to Bank of America, Jordan spent ...

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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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