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Plane facts: GM cutting back fleet - Detroit NewsGeneral Motors Corp. has been thinning its corporate jet fleet. Ford Motor Co. continues to explore ways to curtail travel expenses. And Chrysler LLC doesn't even own planes anymore. The CEOs of Detroit's Big Three didn't mention those facts this ...
Buzz: Down payment assistant programs doing brisk business - Record SearchlightShasta County has run out of money. The city of Redding is scrambling to find more. Welcome to DAP circa 2008. DAP stands for down payment assistant program and with home prices plunging and mortgage rates low, interest in this aid is booming. Shasta ...
People of modest means hitched hopes on Little Lake Street - San Diego Union-TribuneIt produced easy money for speculators and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. NELVIN C. CEPEDA / Union-Tribune A "repo" bus tour through Otay Ranch stopped recently on Little Lake ...
Regulators shut down Downey Savings and Loan - Mojave Daily NewsWASHINGTON - Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in Newport ...
Area home sales fall 7 percent in October - Buffalo NewsHomes sales across Erie and Niagara counties slid 7 percent last month compared to October 2007, but local buyers and sellers are still bucking national trends of double-digit drops. “It’s down, but it’s a small negative compared to what’s ...
Heavy Lake-Effect Snow Blankets Great Lake States - FOX NewsERIE, Pa. — As much as 2 feet of snow fell around parts of the Great Lakes region Monday, making driving hazardous and closing some schools. Cold wind picked up moisture from the lakes to produce lake-effect snow that piled up on the eastern and ...
Woman leaves red ink behind - Buffalo NewsNorma Winkowski of West Seneca worked herself up from near bankruptcy years ago to — she boasts — an “impeccable credit rating now.” For those trying to escape financial quicksand, Winkowski says it can be done –but with a bit of discipline ...
Alexandria native joins MidSouth Bank - Alexandria Daily Town TalkBATON ROUGE -- Kimberly Stephens has joined MidSouth Bank as Vice President and Commercial Loan Officer at its Jefferson Highway location in Baton Rouge. In her new role, Stephens will be serving existing commercial clients and developing new ...
Street of risk and loss - San Diego Union-TribuneIt produced easy money for specula-tors and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. Few streets in the county have witnessed as dramatic a turnaround as Little Lake. Nestled in the heart ...
Coachella Valley business replay for November 23 - Mydesert.com“We are closed,'' signs in the windows of the Kia of La Quinta dealership read earlier this week. The signs and padlocked fence surprised customers who drove to KIA of La Quinta to latch on to end-of-year deals ranging from $6,977 to $12,900. Neda ...
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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