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Business Highlights - Forbes
WASHINGTON (AP) - U.S. automakers drew fresh skepticism from lawmakers Thursday in a rocky confrontation over their pleas for an expanded $34 billion rescue package they say they need to survive. Congressional analysts said one bailout plan under ...

Countrywide to refund $11.5 M to NC borrowers - Rocky Mount Telegram
RALEIGH, N.C. — Two subsidiaries of Countrywide Financial Corp. have agreed to repay more than $11 million to nearly 5,000 North Carolina borrowers who were overcharged on their mortgages, the state banking commissioner said Thursday. Countrywide ...

Moore vs. Cooper? Dispute hints at politics ahead - Rocky Mount Telegram
RALEIGH, N.C. — An ongoing quarrel between Attorney General Roy Cooper and State Treasurer Richard Moore may be more than just two agencies vying for power: It could foreshadow a coming Democratic primary to challenge Republican Sen. Richard Burr ...

Trial strains the hope of a prisoner's wife - Los Angeles Times
Filling her time while in California to visit her husband, Robert, at Pelican Bay State Prison, Pamela Griffin walks along the rocky coastline not far from the Oregon border. Pamela Griffin long imagined her husband, Robert Griffin, getting out. His ...

New home construction hits a wall - Raleigh News & Observer
Permits for new homes are lowest in a decade; the drop foreshadows job and revenue losses Triangle homebuilders are parking their bulldozers as sales of homes in the region continue to plummet -- a trend that could mean more job losses and tighter ...

Real-Time News - Newark Star-Ledger
• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...

November 2008 - Weblogs.baltimoresun.com
In an analysis of TV journalism on Wednesday night, I wrote that a red-ball event like the terrorist attacks in Mumbai often provided a great look into a news oganization. But in expressing my dismay at the way MSNBC couldn't let go of the comedic ...

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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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