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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Clay mortgage rates news:

US summons banks to meeting on rescue plan - CNN Money
NEW YORK (Associated Press) - The Bush administration summoned executives from leading financial firms to a meeting Monday to work out details of the $700 billion plan aimed at thawing frozen bank lending that is stifling the economy. Treasury ...

Treasury and Fed to meet with financial executives - Seattle Times
Officials from the Treasury Department and the Federal Reserve are scheduled to meet later Monday with top executives from financial firms to work out details of the $700 billion plan aimed at thawing frozen bank lending that is stifling the economy ...

Administration moves to get $700B financial system rescue program ... - Chicago Tribune
WASHINGTON (AP) _ The Bush administration said Monday it was studying ways to take partial ownership of some banks, while Europe took swift, unified action to thaw frozen lending and get the global economy moving again. Stock markets around the world ...

JAMIE SAMUELSEN'S BLOG ARCHIVE - Detroit Free Press
Coach Rod Marinelli met with owner William Clay Ford on Monday as he often does the day after a game. But Marinelli said they did not talk about his future, despite the Lions’ miserable 0-4 start, and Ford did not ask or order him to play any ...

Home refinancing scam leads to charges - Spencer Daily Reporter
A mortgage and home refinancing scam has led to charges against an Emmetsburg woman. Emmets-burg police officers took 56-year-old Terry Hoffert into custody Thursday on behalf of the Spencer Police Department. She was charged with ongoing criminal ...

McCain Girds for 'Armageddon' in Debate - NewsMax.com
Amid all the hype surrounding the presidential campaign, key facts about the origin of the mortgage crisis that led to the financial meltdown have gotten lost. Sen. Chris Dodd, D-Conn., who sought the Democratic Party’s nomination in the primaries ...

Wagging the Dog With Fannie Mae: Republicans Explain the Financial ... - Huffingtonpost.com
"Is this video a lie?" wrote someone in response to my last piece on HuffPost. No, "lie" is an inadequate description. I uploaded the video link, seen by two million people before me, and gasped at the artful perversion of history. It was like a post ...

Nancy Pelosi talking about a new economic stimulus package - Los Angeles Times Blogs
House Speaker Nancy Pelosi upped the ante today in her running battle with the White House. President Bush has been cool, to say the least, to further spending to boost the economy on top of the $700-billion bailout/rescue/whatever package he signed ...

Obama visits SSU - Ironton Online
Supports for Barack Obama raise campaign signs in the air as they wait for Thursday evenings event to begin on the campus of Shawnee State University. PORTSMOUTH — He’s 9 years old now. So it will be another nine years before Clay Willis gets to ...

Stephanopoulos: No Candidate Has Ever Lost with Obama's Lead Over ... - ABC News Blogs
ABC News' George Stephanopoulos reports: The presidential election is now just 22 days away, and Barack Obama is leading John McCain by a whopping 53 percent to 43 percent according to the latest ABC News/Washington Post poll . No candidate has ever ...