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Today's Mortgage Terms starting with N

Notice of Default:

A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.

Non-Assumption Clause:

A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.

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Napa mortgage rates news:
Financial News
Consumer prices drop record 1 percent in October - Napa Valley Register
WASHINGTON - Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount. The Labor Department said Wednesday that consumer prices fell by 1 percent last month, the biggest one ...

Retail sales sink as Dems seek auto industry loans - Napa Valley Register
WASHINGTON - The worst monthly drop on record for retail sales set off new alarm bells about the economy Friday, stepping up pressure on policymakers to figure out how to combat what increasingly looks to be a severe recession. Confronting opposition ...

More Business - San Francisco Gate
Realtors group expects more home price declines 10.15.08 TECH CHRONICLES / A daily dose of postings from The Chronicle's technology... 10.16.08 Retail sales dive 1.2% in September 10.16.08 Credits markets better, but other woes emerge 10.16.08 The ...

Fannie, Freddie soon to drop high limit - San Francisco Gate
Tuesday, November 11, 2008 Starting Jan. 1, the biggest loan on a single-family home that can be purchased by Fannie Mae and Freddie Mac falls to $625,500 from $729,750 in certain high-cost areas including most Bay Area counties. In most of the ...

The $72 million question - Napa Valley Register
If you build a fancy mixed-use project in downtown Napa in a tough economic climate, will the restaurateurs, retailers, offices and residential condo buyers come? The Riverfront, a $72 million project finishing up construction on Main Street, is ...

Summit State Bank Reports Third Quarter Results and Declaration of ... - MSN MoneyCentral
SANTA ROSA, Calif., Oct. 27, 2008 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq:SSBI) today reported strong, continuing improvements in the bank's core net operating income representing a 45% increase over the same quarter of 2007. "We are ...

Comments [2] - Arkansas Times
California vintners in the Napa Valley area, which primarily produce Pinot Blanc, Pinot Noir and Pinot Grigio wines, have developed a new hybrid grape that acts as an anti-diuretic. It is expected to reduce the number of trips older people have to ...

Housing to slow growth in 2008 - Raleigh News & Observer
A report warns of 20 percent hit on Triangle economy; U.S. growth may slow 25 percent WASHINGTON - The deepening housing crisis will cut economic growth by more than 25 percent in 143 U.S. metropolitan areas next year and by more than a third in 65 ...

McCain for President - Napa Valley Register
In the hurly-burly of a presidential campaign, voters can get caught up in distractions from attack ads to zingers delivered during debates. We must not forget that we are hiring for the most important job in the nation, and that the basis for our ...

HBOS: Recession Bites - bbc
This is what struck me from today's announcement s by Lloyds TSB and HBOS on how they are trading and on Lloyds' planned takeover of HBOS. 1) HBOS is reaping a bitter harvest from having piled into lending to property and housebuilding businesses ...

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