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Making a sound investment - Monroe Evening News
More local families could become homeowners thanks to the efforts of a local nonprofit group and a Monroe-based bank. Recently, Monroe Bank & Trust bought six individual mortgage loans for $473,000 from Habitat for Humanity of Monroe County. Habitat ...

Owner places Tallahassee Mall in receivership - Tallahassee Democrat
Tallahassee Mall owner Feldman Mall Properties Inc. has placed the mall in receivership following negotiations with its mortgage lender. The receiver will continue to operate the mall on North Monroe Street on behalf of the lender. The action ...

PLAN YOUR NIGHT: Dublin singer makes a stop at Enoch's - News-Star
On the heels of the Northeast Louisiana Celtic Festival, another taste of Ireland arrives in Monroe tonight. Brendan Nolan, born and reared just north of Dublin, will take the stage at Enoch's Irish Pub and Cafe at 8 p.m. Nolan has released six solo ...

Habitat to build a record number of houses - New Orleans Times-Picayune
MONROE, La. (AP) — Habitat for Humanity of Ouachita has received $1.2 million from the Louisiana Housing Finance Agency and plans to build more houses in 2009 than in the last 15 years combined. The funds will be used to build 18 homes in Monroe ...

Webster residents fear ‘grass police' - MPNow
Abandoned and foreclosed properties here have become an unsightly problem for neighbors and town officials. When homeowners ditch their digs, those left behind are left looking at weed-covered lots. However, a solution to the problem has residents ...

APA OKs controversial rule changes - Leader-Herald
RAY BROOK - The state Adirondack Park Agency on Friday approved a package of rule changes, including one that would tighten rules on shoreline development. Critics say the rule changes amount to new laws to expand the APA's power and that such ...

APA approves controversial rule changes - Adirondack Daily Enterprise
RAY BROOK - The state Adirondack Park Agency on Friday approved a package of rule changes, including one that would tighten rules on shoreline development. Critics say the rule changes amount to new laws to expand the APA's power and that such ...

It’s tougher to find a good deal at foreclosure auctions - Lynchburg News and Advance
The first time Penny Sipple went to a foreclosure auction, she wasn’t looking for a house. She was just curious. Then she watched a house sell for $20,000 at auction, about half its original mortgage. “That was enough to get me hooked,” she ...

Kaye says courts need more judges, higher pay - Ithaca Journal
ALBANY — Chief Judge Judith Kaye said Wednesday the court system has improved facilities and implemented programs to help the public better navigate the system, but it needs more Family Court judges, improved municipal courts and more legal ...

Coziness returns to the Dunmore Senior Center - Scranton Times
DUNMORE — The heat is on. One day after Dunmore Senior Citizens Center clients were sent home early because the temperature at the Dunmore Community Center was below state safety standards, seniors abandoned their coats to enjoy lunch Thursday ...

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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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