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Lehman's Fuld: Where was our U.S. bailout? - Boston GlobeWASHINGTON (Reuters) - Richard Fuld, the disgraced head of Lehman Brothers, said he would wonder "until they put me in the ground" why the U.S. government did not rescue the 158-year-old Wall Street firm and claimed regulators knew the full scale of ...
Fannie Mae, Freddie Mac wielded big clout in Washington - Christian Science MonitorReporter Gail Russell Chaddock talks about the enormous political clout that Fannie Mae and Freddie Mac wielded in Washington. Washington - Mortgage giants Fannie Mae and Freddie Mac didn't just dominate the nation's $12 trillion home loan market ...
Mortgage giants were blind to bubble - MSNBCWASHINGTON - Mortgage giants Fannie Mae and Freddie Mac — despite their robust cadre of economists and mortgage experts — failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies — particularly ...
Fannie, Freddie takeover drops mortgage rates - Baltimore SunWASHINGTON - Mortgage rates fell sharply yesterday as investors reacted to the government's takeover of Fannie Mae and Freddie Mac . The average interest rate for a 30-year fixed rate mortgage dropped 0.3 percent to 6.04 yesterday, according to HSH ...
WaMu deal may wait for details of mortgage bailout - Seattle TimesWashington Mutual reportedly went up for sale earlier this week. If regulators at the Federal Deposit Insurance Corp. are pushing it to sell, a deal could be announced as early as this weekend. Washington Mutual may have gained a reprieve from being ...
Mortgage crisis has Washington putting aside free-market ideology - International Herald TribuneDespite decades of free-market rhetoric from Republican and Democratic lawmakers, Washington has a long history of providing financial help to the private sector when the economic or political risk of a corporate collapse appeared too high. The ...
4 Fannie execs depart; organization restructured - FOX NewsWASHINGTON — Mortgage finance giant Fannie Mae, taken over by the government earlier this month, announced Friday the resignations of four senior executives and said it was restructuring its organization. The company, the biggest buyer and ...
US Government Takes on Big Role in Mortgage Market - ABC NewsWASHINGTON - SEPTEMBER 20: Daniel Mudd (L) president and CEO of Fannie Mae and Richard Syron (R)... WASHINGTON - SEPTEMBER 20: Daniel Mudd (L) president and CEO of Fannie Mae and Richard Syron (R) chairman and CEO of Freddie Mac listen to questions ...
New Freddie Mac CEO to be paid $900,000 - MSNBCWASHINGTON - Mortgage finance company Freddie Mac says its new chief executive is earning a base salary of $900,000 a year, a 25 percent pay cut from his predecessor who also received sizable bonuses and stock options. The company, seized by the ...
U.S. may take control of mortgage giants - International Herald TribuneWASHINGTON/NEW YORK : The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday, in what could be the ...

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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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