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News

 
Glossary
L
September 7, 2008
By: Russ Stampler
  

Last Updated -
The Last Update column on a quotes results table tells you when the information was last provided by the lender to our site. We always place new listings at the top of each table so that you, the borrower, may have immediate access to the most timely information. Times provided are all Eastern Standard Time.


lease -
A...


 
Glossary
J
September 7, 2008
By: Russ Stampler
  

Judicial Foreclosure -
A court procedure used by lenders to secure clear title to a property under a defaulted real estate loan.


Jumbo Loan -
A loan for $417,001 or more in the continental United States (Alaska and Hawaii limits are higher). These limits are set by the Federal National Mortgage Association and the Federal Home Loan...


 
Glossary
I
September 7, 2008
By: Russ Stampler
  

Index -
A published interest rate against which lenders measure the difference between the current interest rate on an adjustable rate mortgage and that earned by other investments (such as one- three-, and five-year U.S. Treasury Security yields, the monthly average interest rate on loans closed by savings and loan institutions, and the monthly...


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