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Salmond attacks 'Downing St downturn' - ScotsmanALEX Salmond launched a coruscating attack on the "Downing Street downturn" yesterday, blaming Gordon Brown for taking Scotland to the "brink of recession". The First Minister used his opening speech to the SNP conference in Perth to lambast the ...
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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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