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News about Mortgages:
UPDATE 1-Canada PM doesn't see U.S.-scale mortgage crisis - ReutersOTTAWA, Sept 7 (Reuters) - Canada will avert a mortgage crisis of the kind that is afflicting the United States, partly because it has not underwritten mortgage finance giants like Fannie Mae, Prime Minister Stephen Harper said on Sunday. "In Canada ...
Reuters Business Summary - Washington PostGovernment plan for Fannie, Freddie to hit shareholders WASHINGTON (Reuters) - The U.S. government plans to take over Fannie Mae (FNM.N) and Freddie Mac (FRE.N) and all shareholders of the two mortgage giants will take a hit, an influential lawmaker ...
Gov't may soon back troubled mortgage finance giants Fannie Mae ... - Minneapolis Star TribuneMortgages: No relief in sight Boeing machinists union set to strike Dinner and a movie, all in the same seat Company news Mortgage woes worsen WASHINGTON - Fannie Mae and Freddie Mac are expected to be taken over by the government as soon as this ...
Credit Union Australia cuts variable rates - News.com.auCREDIT Union Australia will cut its standard variable mortgage rate by 0.25 per cent from Monday, following the big banks' decision to pass on the rate cuts. Australia's largest credit union says it will lower its standard variable rate for home ...
Mortgage bailout expected today - UnionWASHINGTON (AP) — The government is expected to take over Fannie Mae and Freddie Mac as soon as today in a move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's ...
Obama: Recession could delay rescinding tax cuts - Times UnionWASHINGTON -- Democrat Barack Obama says he would delay rescinding President Bush's tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy ...
Call for higher tax for super rich - MSN UK NewsHigh earners on more than £100,000 a year should pay higher tax rates to help achieve greater equality between the rich and poor, the TUC has urged. The union organisation said its research showed that an increase in the number of super rich had ...
Auto industry to press Congress for $50B in loans - Times UnionWASHINGTON -- Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and help struggling car makers build more fuel-efficient vehicles. With Congress returning this coming week from its ...
Open warfare as Labour's relaunch falters - Guardian UnlimitedGordon Brown was pinning hopes of a revival on the stamp duty freeze, but it had little appeal for voters. Photograph: Lewis Whyld/Reuters After a week that was supposed to 'relaunch' Labour on a path to better political health, Gordon Brown heads ...
Blame put on 'easy money' - The AgeTHE meltdown of the US sub-prime mortgage market was not the cause of the global credit crunch and consequent economic slump. Rather, says one of the global doyens of central banking, it was the symptom of years of too-easy money and it wreaked its ...

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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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