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News about Mortgages:
Ga.-based mortgage lender closes - Rocky Mount TelegramSMYRNA, Ga. — An independent mortgage lender with offices in Georgia and seven other states has closed suddenly, surprising its employees. Smyrna-based Sunshine Mortgage Corp. closed Thursday after 27 years in business. It had 20 offices throughout ...
Smyrna mortgage lender closes; employees ‘in shock’ - Atlanta Journal ConstitutionIndependent mortgage banker Sunshine Mortgage Corp. abruptly shut its doors Thursday, employees said. It’s not immediately clear what impact that will have on pending mortgage closings, but one employee said they are trying to move customers with ...
Sunshine Mortgage shuts down, looks to sell - Atlanta Business ChronicleSunshine Mortgage Corp. , one of Atlanta’s oldest mortgage companies and one of the biggest remaining in the Southeast, is closing its doors and scrambling to find a last minute buyer, Atlanta Business Chronicle has learned. Sunshine Mortgage had ...
New laws take effect on New Year's Day - Atlanta Journal ConstitutionIf the current mortgage/credit crisis teaches us anything, it's this: Americans don't know as much as we should about handling our money. Indeed, the national culture has become one of indebtedness, from the federal government to individual ...
Smaller, efficient house looks good right now - Baltimore SunA mini-trend is in the making. Fueled by demand, affordability and demographics, smaller homes - especially energy-efficient and well-designed ones - are emerging as welcome alternatives to McMansions. A substantial group of buyers is seeking less ...
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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