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News about Mortgages:
Government may soon back troubled mortgage giants - Sioux City JournalWASHINGTON - The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the ...
State of Franklin Savings Bank to sell to Morristown bank - Johnson City PressState of Franklin Savings Bank’s decade-long run as the only Johnson City-headquartered bank has ended with its sale to Morristown-based Jefferson Federal Bank, pending approval by SOFB shareholders, and co-founder Charles E. Allen, Jr., is ...
Jefferson Bancshares moves to acquire State of Franklin - TradingMarkets.comThe cash and stock transaction is valued at $10.9 million, according to a press release issued after the stock markets closed Thursday. The merger is expected to be completed in the third quarter or early fourth quarter. Following the merger ...
Russell to be sentenced Monday - Middletown JournalOne of Middletown's well-known and respected business leaders is scheduled to be sentenced Monday, Sept. 8, in U.S. District Court in Covington, Ky., for his role in a scheme to defraud a mortgage broker out of more than $3.5 million. Gregg Russell ...
Baltimore Has Poe; Philadelphia Wants Him - Herald TribuneBALTIMORE — Edgar Allan Poe never lived in one city for long, and ever since he died and was buried here in 1849 this city has claimed him as its own. Jessica Kourkounis for The New York Times Edgar Allan Poe, master of the macabre and a man of ...
Text of John McCain's speech - Detroit Free PressThank you all very much. Tonight, I have a privilege given few Americans -- the privilege of accepting our party's nomination for President of the United States. And I accept it with gratitude, humility and confidence. In my life, no success has come ...
GOP Mocks Public Service - Huffingtonpost.comFor the first time in American history, a major political party devoted a substantial portion of its national convention to attacking grassroots organizing. Speaking Wednesday at the Republican National Convention, former New York Governor George ...
MAHONING COUNTY - VindicatorHumes A. Gregory Jr., 48, of 129 E. Lucius Ave., Youngstown, and Shannon M. Petrosky, 31, of same. Vincent A. Paolone, 41, of 5881 Cherrywood Drive, Boardman, and Silke Grothe, 42, of same. Brandon J. Farragher, 27, of 1348A Redhawk Tail Drive ...
Waco woman with illness, young son faces loss of home - Waco Tribune-HeraldIt was a morning Robin Thrush will never forget. She answered the knock at her door, and a man she didn’t know told her he had bought her home in the 2200 block of North 51st Street. Turns out, the man legally bought the home at a foreclosure sale ...
McCain Tells Convention, Nation He'll Bring Change - KSDKST. PAUL, MN (AP) -- John McCain, a POW turned political rebel, vowed Thursday night to vanquish the "constant partisan rancor" that grips Washington as he launched his fall campaign for the White House. "Change is coming," he promised the roaring ...

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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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