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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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Solano mortgage rates news:
Financial News
Home sales up, prices down - Contra Costa Times
The seesaw effect of rising home sales and falling prices continued in the Bay Area housing market last month as foreclosure sales keep dominating the real estate market. Bay Area home sales increased 38.8 percent in October compared to a year ago ...

The New ‘F’ Word - Global Nation
Aside from each being home to a Jollibee Filipino fast-food restaurant, all have large Filipino populations and the highest foreclosure rates in the US. The dirtiest word in the Filipino community now, the new “F” word, is foreclosure. While it ...

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 ...

Study: Fifth of Bay Area Homeowners 'Underwater' - KRON4
SAN FRANCISCO (AP) - About a fifth of Bay Area homeowners owe more money on their mortgage than their home is worth, increasing the chance of foreclosure. The real estate Web site Zillow.com says the percentage of homeowners with negative equity in ...

Prices, sales of Bay Area high-end homes may fall next year, Realtor ... - Contra Costa Times
Expensive Bay Area communities — some of the only pockets of California real estate that have remained relatively unscathed by the housing downturn — may see fewer home sales and lower prices next year if mortgage financing for big-ticket homes ...

Large number of Alameda, Contra Costa taxpayers bail on property taxes - Inside Bay Area
East Bay homeowners — many already facing problems paying their mortgages — apparently aren't meeting their property taxes either. In Alameda County, property owners failed to pay more than 25,000 property tax bills totalling nearly $115 million ...

Same sex marriages banned; legal action threatened - Record Searchlight
California's new same-sex marriage ban has taken hold in Shasta County. "At this point ceremonies and licenses (for same-gender couples) are suspended until we have a definitive answer from the courts or the state," Shasta County Clerk Cathy Darling ...

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