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News about Mortgages:
House price 'rip-offs' probed by watchdog - IndependentShare MORTGAGE brokers are being investigated over allegations that some of them colluded with estate agents to inflate property prices and rip off homebuyers. In an unprecedented move, the Financial Regulator is checking claims that brokers have ...
Ambac Rises After Approval to Start Muni Bond Insurer (Update4) - BloombergSept. 3 (Bloomberg) -- Ambac Financial Group Inc. , the world's second-biggest bond insurer, rose to the highest in six months in New York trading after receiving approval to set up a municipal bond insurer named Connie Lee. Ambac rose 22 percent ...
Scam savvy - Newsday'They said, 'Don't worry.' They took me in a limo to their office. They said, 'Sign here, sign there,' and I did." And that's how Priscila Nano, 66, a divorcee, came to lose the house in Great Neck that she'd lived in and loved for 29 years. Nano is ...
Business calendar - Kansas City StarREVERSE MORTGAGE SEMINAR: 1:30 p.m. Sept. 4, KC Mortgage Planning, 12 Westwoods Drive, Liberty. Free. Reservations. Call 816-415-1737. BLUEJACKET TOASTMASTERS: Meeting. 7:15-9 p.m. Sept. 4, Hope Lutheran School, 6308 Quivira, Shawnee. Free. Go to www ...
Is the Sun about to set? - Guardian UnlimitedNew York Sun editor Seth Lipsky revealed that the publication will shut at the end of the month unless it can find fresh financial backing. Photograph: Corbis Time is running out for the New York Sun, the bastion of conservatism on the Big Apple's ...
CBS' Rodriguez allowed McCain adviser to claim unchallenged that Obama ... - Media MattersSummary: On CBS' The Early Show , Maggie Rodriguez did not challenge McCain campaign adviser Steve Schmidt's claim that "Senator [Barack] Obama has a plan to raise" taxes, even though McCain's own chief economic adviser has reportedly said it is ...
UK's Brown Cuts House Tax at Start of Fightback - CNBCBritish Prime Minister Gordon Brown cut an unpopular tax on home purchases on Tuesday as part of a package designed to boost the country's slumping housing market and lift his flagging political fortunes. Brown's government said properties worth less ...
Palin's Alaska Record Short on Trade, Immigration Decisions - BloombergSept. 4 (Bloomberg) -- By now, many Americans know Sarah Palin 's views on guns, gays and abortion. When it comes to matters like trade, immigration, Social Security and Medicare, her record is mostly a blank slate. Palin, 44, nominated last night to ...
Up Next - CBS NewsTHE WAR WITHIN - In his latest inside-the-White-House book, legendary reporter Bob Woodward reveals the thoughts and strategies governing the war in Iraq that come directly from President Bush and his inner circle. Scott Pelley reports. Robert ...
BUYERS CLUB - New York PostIT was a lazy end of summer for many, but Halstead Property broker Brian Lewis was hustling last week. He arranged a walk-through and closing for Upper West Side buyer Ivan Rodin, and also scrambled to schedule open houses for a $4.95 million ...

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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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