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Summary Box: Bernanke's action up for debate - Forbes
WHAT'S ON TAP: Federal Reserve Chairman Ben Bernanke, his Fed colleagues, academics, economists and international central bank officials gather in Jackson Hole, Wyo. to examine financial crises past and present. They meet amid fresh worries on Wall ...

US Fed chiefs meet at Jackson Hole as mortgage rates refuse to fall - The Independent
Mortgage rates for the average US homeowner are higher now than at the beginning of the credit crisis a year ago, despite massive interest rate cuts by the Federal Reserve and a string of other efforts to kick-start credit markets. And with the fate ...

Treasury Needs to Clarify Agency Plan, McCulley Says (Update1) - Bloomberg
Aug. 21 (Bloomberg) -- The crisis roiling financial markets will ``get worse, not better,'' the longer it takes for Treasury Secretary Henry Paulson to clarify what may happen to Fannie Mae and Freddie Mac preferred shares, said Paul McCulley , chief ...

A year after speech, Bernanke may have to eat his words - USA Today
WASHINGTON — The difference a year can make. In August 2007, as financial markets began to crumble under the weight of bad mortgage loans, Chairman Ben Bernanke told the Federal Reserve's annual gathering at Jackson Hole, Wyo., that it wasn't the ...

PREVIEW-Markets await Bernanke as centbankers gather - Forbes
JACKSON HOLE, Wyo. (Reuters) - Federal Reserve Chairman Ben Bernanke tackles financial stability in a key speech Friday but economists doubt he will provide solid clues about future policy action to calm the credit crunch. Central bankers are ...

Fed's Role as Firefighter Hot Topic at Jackson Hole - CNBC
Thrust into the role of financial firefighter, Federal Reserve Chairman Ben Bernanke has taken unprecedented steps over the past year to battle the nation's worst credit and financial crises in decades. Rick McCharles Jackson Hole, Wyoming, site of ...

Dollar limps after slide, but outlook seen positive - Forbes
United States - * Dollar edges up after biggest 1-day drop in 5 months * Gold and oil moves closely linked to dollar * Bernanke speaks on financial stability at Jackson Hole

A mountain of worry for Fed at Jackson Hole - Marketwatch
WASHINGTON (MarketWatch) -- In 1971 a local Jackson Hole resident named Bill Briggs decided to ski down the 13,770-foot Grand Teton mountain. His friends, watching from a safe location, were sure at one point that he had crashed only, to be ...

PREVIEW-Markets await Bernanke as central bankers gather - San Diego Union-Tribune
JACKSON HOLE, Wyo. – Federal Reserve Chairman Ben Bernanke tackles financial stability in a key speech Friday but economists doubt he will provide solid clues about future policy action to calm the credit crunch. Central bankers are gathering in ...

Summary Box: Bernanke's action up for debate - CNBC
WHAT'S ON TAP: Federal Reserve Chairman Ben Bernanke, his Fed colleagues, academics, economists and international central bank officials gather in Jackson Hole, Wyo. to examine financial crises past and present. They meet amid fresh worries on Wall ...

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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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