Somerville Mortgage Rates and Information Online from competing Lenders

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Fitch: 'AAA' U.S. Re-REMICs Insulated from Declining Mortgage ... - PR Inside
Pools of mortgages supporting RMBS bonds in re-REMICS underperform the other pools in the same transaction, according to a recent Fitch Ratings study. Additionally, re-REMIC loan group delinquencies are on average 25% worse than the non-REREMIC loan ...

NEWSMAKER-Geithner's experience shapes him for US Treasury role - Forbes
By Glenn Somerville WASHINGTON (Reuters) - Timothy Geithner was on every short-list to take over the U.S. Treasury Department for the singular reason that he has been involved in virtually all major efforts to restore stability to shaky financial ...

Take baby steps to 'financial peace' - ABC2 News
Flipping the radio dial as he drove one day, Allen Johnson stopped at the voice of a radical -- a get-out-of-debt radical. Johnson listened as financial writer Dave Ramsey espoused practices that could all but get a man stoned in an American shopping ...

REFILE-Lawmakers, Treasury lock horns on foreclosures - Forbes
Bernanke credit markets still strained but stabilizing (Corrects day of the week in the first paragraph) By Glenn Somerville WASHINGTON (Reuters) - The U.S. Treasury Secretary and members of Congress locked horns Tuesday over a $700 billion ...

UPDATE 1-US's Paulson-adding bank capital needed-CNBC - Reuters
WASHINGTON, Nov 14 (Reuters) - U.S. Treasury Secretary Henry Paulson said on Friday recapitalizing banks was the most effective use of a $700 billion financial bailout war chest, but acknowledged the U.S. reputation was tarnished by the financial ...

UPDATE 2-US's Paulson: Additional bank capital needed - Reuters
WASHINGTON, Nov 14 (Reuters) - U.S. Treasury Secretary Henry Paulson said on Friday recapitalizing banks is the most effective use of a $700 billion financial bailout war chest but acknowledged the United States' reputation has been tarnished as a ...

Lynn pols outraged over toll hike plan - Daily Evening Item
LYNN - The Massachusetts Turnpike Authority's Board of Directors voted Friday in favor of a proposal that would dramatically increase highway tolls in Greater Boston. The Ted Williams Tunnel toll would increase from $3.50 to $7 if the measure ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

U.S. weighing troubled mortgage loan guarantees - Boston Globe
WASHINGTON (Reuters) - U.S. officials said on Thursday they were weighing the possibility of government guarantees for troubled mortgage loans to try to induce lenders to modify terms and slow a rising tide of home foreclosures. Federal Deposit ...

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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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