Story Mortgage Rates and Information Online from competing Lenders
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The Next Subprime Crisis Looms - FHA-Backed Loans - Free Internet PressThe same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers - many of them the ...
Regulators Close Downey, Other Banks - Street.ComThree more U.S. financial institutions failed Friday, bringing to 22 the number of banks and savings and loans that have collapsed this year. The Office of Thrift Supervision closed Downey Savings & Loan held by Downey Financial Corp. ( DSL Quote ...
Downey Savings, PFF Bank seized by federal regulators - Los Angeles TimesGovernment officials say Downey Savings & Loan will continue operating as usual under the ownership of Minneapolis-based U.S. Bank. Shown is a branch in Sherman Oaks. The Southern California thrifts are the latest to fail in the mortgage meltdown. U ...
Downey Seized, Sold to U.S. Bancorp as Mortgage Fallout Spreads - BloombergNov. 22 (Bloomberg) -- Seizure and sale of Downey Financial Corp. and two smaller lenders may cost the FDIC more than $2 billion as foreclosures rise and home prices extend declines in the worst housing slump since the Great Depression. U.S. Bancorp ...
Investor fear remains deep despite one-day rally - Bridgeton NewsNEW YORK (AP) — Since the Nov. 4 election, investors have been abandoning stocks in a kind of slow-motion crash that experts say underlines just how anxious they are about what is likely to be a long and deep recession. Even after a late-day rally ...
Number of U.S. Bank Failures This Year Hits 22 - FOX NewsWASHINGTON — Federal regulators on Friday shut down two big thrifts based in Southern California , saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association , based in ...
Despite one-day rally, investors remain wary after being burned in ... - Hartford CourantNEW YORK (AP) _ Since the Nov. 4 election, investors have been abandoning stocks in a kind of slow-motion crash that experts say underlines just how anxious they are about what is likely to be a long and deep recession. Even after a late-day rally on ...
Bush: All nations should help with economic crisis - Buffalo NewsAUDIO: White House Press Secretary Dana Perino says this last summit is a vital one -- talking trade and other issues with leaders from around the Pacific Rim. AUDIO: White House Press Secretary Dana Perino says the global financial crisis tops the ...
Federal regulators shut 2 California thrifts - Houston ChronicleWASHINGTON — Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in ...
Sudanese opposition leader killed in car crash - Las Vegas SunThe secretary general of a Sudanese opposition party was killed in a car crash Saturday on a highway outside the capital, dealing a blow to the party as it prepares for elections expected next year. Abdel Nabi Ahmed, of the Umma party, was driving ...
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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