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News about Mortgages:
Prosecutor becomes figure in mortgage mess - ReutersLOS ANGELES (Reuters) - Thomas O'Brien, the U.S. Attorney for California's Central District, is emerging as a likely prosecutor in criminal cases expected from the U.S. mortgage meltdown. In the past, he has faced gang members in court and since ...
Prosecutor becomes figure in U.S. mortgage mess - Guardian UnlimitedLOS ANGELES, Sept 7 (Reuters) - Thomas O'Brien, the U.S. Attorney for California's Central District, is emerging as a likely prosecutor in criminal cases expected from the U.S. mortgage meltdown. In the past, he has faced gang members in court and ...
SUICIDE ALERT OVER VICTIM OF CREDIT CRUNCH - Daily ExpressSUICIDES could increase alarmingly if the economy keeps getting worse, a coroner warned yesterday. Dewi Pritchard Jones made the disturbing comment after hearing how a father-of-two hanged himself because he was struggling to pay his mortgage ...
Killed by the credit crunch: Father hanged himself after being ... - Daily MailA father found hanged after falling behind on his mortgage is likely to be the first of many to take their lives as a result of the credit crunch, a coroner has warned. Karl Harrison, 40, lost his job as a surveyor amid the slowdown in the housing ...
Share market tipped to make gains - News.com.auTHE share market is expected to start the week higher, supported by financial stocks, after Wall Street shares finished mostly higher on Friday. Local resources stocks, however, are expected to come under pressure after the oil price fell on Friday ...
Lehman weighs splitting in two to rid itself of troubling loans - International Herald TribuneLehman Brothers, the ailing Wall Street bank, is working toward a radical solution in its fight for survival: Splitting itself into a "good" bank and a "bad" one. Lehman, which has been searching for a financial lifeline from outside investors, is ...
Fannie, Freddie backstop rumored; could trigger rally - Miami HeraldWall Street may be poised for a rally Monday as rumors swirled Friday about a possible weekend rescue plan for troubled mortgage finance titans Fannie Mae and Freddie Mac. For the past several weeks, the Treasury Department, the Federal Reserve and ...
GMAC plans major job cuts - Detroit NewsWASHINGTON -- GMAC Financial Services said it is cutting 5,000 jobs at its troubled Residential Capital mortgage lending subsidiary and will close all 200 GMAC Mortgage retail offices -- including 14 in Michigan -- the latest sign of continuing woes ...
Sen. Christopher Dodd: GSEs Need to Remain Active - Beurs.nlWASHINGTON -(Dow Jones)- Senate Banking Chairman Christopher Dodd, D-Conn., said a U.S. Treasury plan to prop up Fannie Mae (FNM) and Freddie Mac (FRE) needs to keep them 'active and aggressive' in the mortgage market. In a statement Saturday, Dodd ...
Stocks jump as oil prices fall sharply - AOLNEW YORK -Wall Street rebounded sharply Friday as a surge in the dollar and a resulting drop in oil prices eased some of investors' worries about losses at mortgage finance company Fannie Mae. The Dow Jones industrial average jumped more than 300 ...

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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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