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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.

View all Terms
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States Call for Adoption of Mortgage-Loan Help - Wall Street Journal
Attorneys general and banking regulators from 11 states are calling on the nation's largest subprime-mortgage-servicing companies to follow Bank of America Corp.'s lead and embark on a broad-based loan-modification program. "We believe that every ...

McCain vows to whip Obama's 'you-know-what' - San Francisco Gate
Monday, October 13, 2008 McCain made that pledge as top advisers said he is weighing new economic proposals to help the nation weather the financial crisis. Addressing several dozen volunteers at his campaign headquarters outside Washington, the ...

McCain vows to whip Obama’s 'you know what' at debate - Detroit Free Press
ARLINGTON, Va. — Republican John McCain vowed Sunday to “whip” Democratic rival Barack Obama’s “you-know-what” when the two presidential candidates meet Wednesday in their final televised debate. McCain made that pledge as top advisers ...

Home America Mortgage Selects Advantage Systems for Accounting System - PR Inside
- Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced that Home America Mortgage, a Lawrenceville, Ga.-based residential mortgage lender that offers financing to consumers ...

Deal would aid 6,800 Colo. homeowners - Denver Post
A multistate settlement with the parent of mortgage giant Countrywide Financial Corp. could deliver $130 million in loan relief to more than 6,800 Colorado borrowers, the Colorado attorney general's office said Tuesday. The record $8.7 billion ...

Government guarantee garners bank loan - Pueblo Chieftain
ALAMOSA - Tourists in Southern Colorado may soon have a tight relationship with Sunny Tolani and his company, Prince Preferential. Tuesday Tolani celebrated a loan that's allowed his company to take over the Holiday Inn Express in Alamosa. The move ...

Anti-Obama Boomerang? - Slate
Geraghty carves up the latest Newsweek poll , which has Obama up by 11. ... Newsweek 's findings that McCain is doing better among young people than old people, and better among women than men , seem especially strange. A party breakdown of 40 Dems ...

McCain vows to 'whip' Obama's `a…' in final debate - Top News India
Arlington (Virginia US), Oct. 13 : Republican presidential nominee John McCain vowed to ''whip'' Democratic nominee Barack Obama''s ''a..’ in the final televised presidential debate this Wednesday. According to FOXNews. com, McCain''s pledge has ...

OPINION: Blame crisis on the Democrats - Colorado Springs Gazette
Earth to John McCain: It's the economy, stupid. The country is in massive financial trouble, and in tonight's debate you should pin the blame squarely on Barack Obama and other liberal Democrats who have long treated mortgage lending as a vehicle for ...

Steady Rates Prevail in Mortgage Market, Despite Continued Upheaval in ... - PR Newswire
SEATTLE, Oct. 7 /PRNewswire/ -- Mortgage rates remained steady over the past week, with rates for 30-year fixed mortgages increasing slightly to 5.97 percent, up from 5.96 percent the week prior, according to the Zillow Mortgage Rate Monitor ...

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