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HOME CALENDAR - Detroit Free Press
Real Estate Investors Association of Wayne County: This month's agenda includes a new investor educational forum, dinner, socializing and member presentation of deals and services beginning at 6 p.m. Dec. 2 at the Holiday Inn, 17201 Northline in ...

Boom times over for arrested developer - Daily Gazette
SARATOGA SPRINGS — Five years ago, James McLagan seemed poised to cash in on the booming new-housing market for Saratoga Springs’ upper middle class. His work had been featured on the cover of a national magazine. One of his houses was in the ...

Calendar: Metro Detroit home events this week - Detroit Free Press
Holiday Home Tour: Five privately owned homes decorated for the holidays will be featured from 10 a.m. to 4 p.m. Fri. and Sat.in this tour sponsored by the Northville Community Foundation. Advance tickets are $20; $22 at the door. Tickets are ...

Northville's 'Main Street Bank' Goes Under - WXYZ
The Federal Deposit Insurance Corp. was appointed receiver of the banks. Main Street Bank, based in Northville, Mich., had $98 million in assets and $86 million in deposits as of Oct. 7. Meridian Bank, based in Eldred, Ill., had assets of $39.2 ...

Bank Failures in 2008 - CNBC
Since the beginning of the credit crunch in August 2007, a total of 17 banks have closed their doors, according to the Federal Deposit Insurance Corporation. This year alone, 15 banks have gone under. Take a look at the failures of 2008 (in ...

GM needs cash before Chrysler - CNN Money
DETROIT (AP) -- For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash. Lots of it, according to industry analysts. With both automakers struggling to survive amid slumping sales, a slowing ...

Analysts: GM would need cash to acquire Chrysler - Chicago Sun-Times
DETROIT---- For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash as part of the deal. Lots of it, according to industry analysts. With both automakers struggling to survive amid slumping ...

Two More Banks Closed by Regulators - AOL
WASHINGTON (Oct. 10) - Regulators on Friday shut down two small banks, Main Street Bank in Michigan and Meridian Bank in Illinois. They brought to 15 the number of federally insured banks that have failed this year. The Federal Deposit Insurance Corp ...

Two smaller banks in Midwest closed - News-Press
They brought to 15 the number of federally insured banks that have failed this year. The Federal Deposit Insurance Corp. was appointed receiver of the banks. Main Street Bank, based in Northville, Mich., had $98 million in assets and $86 million in ...

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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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