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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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Butts mortgage rates news:
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Las Vegas Sands Corporation - Chicago Tribune
Consumers cut back on discretionary spending in 2008, draining casino operators' earnings and pushing the sector's stocks down-- in at least one case more than 90 percent-- and resulting in job cuts and a pullback on development projects. In previous ...

Ministers call on Warren Riley to release the names of cops in New ... - New Orleans Times-Picayune
Michael DeMocker / The Times-Picayune During a press conference Tuesday held by area ministers in the CBD, Patricia Grimes, mother of Adolph Grimes III, the man shot to death by New Orleans police officers on New Year's Day, wails as she is supported ...

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