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News about Mortgages:
Criminal probes likely in financial crisis - Connecticut PostFirst comes the bailout and its hope to bring stability to the country's financial community. Then comes the fallout. And when that comes, investigators and former federal prosecutors believe there are enough criminal statutes on the books to be ...
Buffett Purchases GE, Goldman Stakes in Credit Crunch (Update2) - BloombergOct. 2 (Bloomberg) -- Warren Buffett , the billionaire who says the U.S. economy suffered a heart attack, is betting General Electric Co. and Goldman Sachs Group Inc. are among companies that will thrive when the credit crunch eases. Buffett ...
More funding for financial counselling - West OnlineAn additional $10 million will be poured into financial counselling services for families facing mortgage stress and cost of living pressures, the federal government says. Families Minister Jenny Macklin has announced the money would be given to 41 ...
Affordable housing reality - tons of applicants - Bridgeton NewsThe mortgage crisis, Wall Street troubles and overall economic collapse of the last several months apparently have increased the demand for public housing in South Jersey. In fact, desperation may be more appropriate than demand - and if it isn't at ...
Business events and economic reports scheduled - Boston GlobeMONDAY, Oct. 6 WASHINGTON -- Weekly Treasury auction; Weekly Treasury briefing; House Oversight and Government Reform Committee hearing on the collapse of Lehman Brothers ; Sheila Bair, who heads the Federal Deposit Insurance Corp., is at the ...
GE cuts forecast, citing wounded financing unit - Wired NewsHARTFORD, Conn. (AP) -- General Electric Co., the industrial powerhouse that makes everything from jet engines to light bulbs, cut its earnings forecast for the year on Thursday, blaming volatile financial markets that have damaged the profitability ...
Shirley Fredricksen has been a foundation stone at St. Francis - Crossville ChronicleWhen Shirley and Fred Fredricksen first visited Fairfield Glade in 1975 there was no Catholic Church. They joined other Catholics attending Sunday Mass at the Security Building on Peavine Road. The Fredricksens had come to Fairfield Glade on one of ...
Senate approves bailout - Danbury News-TimesWASHINGTON -- The Senate approved a controversial $700 billion bailout for Wall Street on Wednesday that members said was needed to protect Main Street from economic ruin. Voting 74-25, the Senate sent the legislation to the House, which had rejected ...
Local GOP honors its own - TriVallyCentralThe annual Fairfield Republican Town Committee's Lobster Bake and Awards Ceremony took place last Thursday night at Penfield Pavilion II. In front of a capacity crowd and with Congressman Christopher Shays making a special appearance in honor of the ...
Economist: Housing comeback starts in 2009 - Norwalk HourGov. Jodi M. Rell got some sound advice this week from a man who doesn't mince words, one of her top economic advisors, Professor Edward Deak, chairman of Fairfield University's Economics Department. Deak said Connecticut needs to get some traction ...

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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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