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News about Mortgages:
Are You An Idiot To Keep Paying Your Mortgage? - NewsNet 5Should you keep paying your mortgage? If you have significant equity in your home, absolutely. If you don't, it's getting harder to answer that question, especially when our government keeps giving people who owe more than their homes are worth so ...
Why punish savers? - bbcPart of the reason we're in such an economic mess is that, over the past few years, we (that's individuals and businesses, in this case) borrowed considerably more than we saved. A cause both of the initial funding/liquidity crisis of our banks and ...
Economic hardship greets The Box in LA - BBC BusinessBBC News is following a container around the world for a year to tell stories of globalisation and the world economy. The Box's journey began in September, transporting Scotch whisky. It has now arrived in Los Angeles, from China, with a load of ...
Sinking economy not bad news for all Rhode Island companies - Providence JournalThe repo man has been busy. In three weeks time, Mark and Christine Labbe took back 15 Mercedes Benzes through their Lincoln repossession service, Preferred Recovery and Towing. There was the large Snap-on tool truck, which, with all the products ...
Public Notices - Columbia StarNOTICE OF APPLICATION Notice is hereby given that Shanon Davis dba Big Country's Bar-b-que & Convenience intends to apply to the South Carolina Department of Revenue for a license/permit that will allow the sale ON/OFF premises consumption of Beer ...
A case study in housing collapse - St. Petersburg TimesTAMPA — Thousands of miles from the trading floors of global stock markets, an abandoned house in one of Tampa's poorest neighborhoods is an improbable place to learn about why the world's financial system is collapsing. But if you want to ...
Latest Pictures - Newstrack India; So interlinked is the auto industry in the US and Canada that during...Toronto, Nov 15 (IANS) Canada is mulling the possibility of a joint package with the US to bail out the sinking auto industry in the two countries. Toyota, Mercedes-Benz post ...
Credit crunch boss kissed his family goodbye... then threw himself in ... - Daily MailA wealthy financier killed himself because he was worried about losing money in the credit crunch, his widow has said. Multi-millionaire Ross Stephenson, 47, set off for work as usual, kissing his wife and young son goodbye – but then drove his ...
Builder giving away house at Eagles game - Philadelphia InquirerIt's the fourth quarter, the clock is running, and your team needs to score big to stay in the playoffs. It might be time for the "Hail Mary" pass, but in this case the team is not the Philadelphia Eagles but Pulte Homes Inc.'s Delaware Valley ...
Auto sales plunge; industry on the ropes - San Jose Mercury NewsSales numbers released Tuesday confirm the U.S. auto industry has hit its roughest stretch of road in at least two decades, with the effects felt from the Motor City to Mountain View. As the chief executives of the Big Three American automakers head ...
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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