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Cramer on BloggingStocks: We need Sheila Bair - Bloggingstocks.comTheStreet.com's Jim Cramer says removing her from the FDIC would be a colossal mistake. Don't kick out Sheila Bair! She knows the numbers. This morning, Bloomberg's reporting that Tim Geithner doesn't want Bair at the FDIC anymore because she is not ...
Advice from someone who lived through the Great Depression - Midwest VoicesI asked my mother today if her dad was put out of work during the Great Depression. He was, she said. He was a baker, along with his brother, and they lost their shop in New Jersey, and their homes, along with it. My mother's family of seven moved to ...
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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