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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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Decatur mortgage rates news:
Financial News
Rotary gets money management advice - Rushville Republican
Rushville Rotary Club met Tuesday at Flatrock Grill. President Norm Voiles convened and presided over the meeting. Kathy Lienemann led in the Pledge of Allegiance and Kevin Snyder provided an opening prayer, which included a moment of silence for the ...

The Opening Bell - MediaChannel.org
S tagflation fears lead the front pages of the business press today after the Federal Reserve sharply cut its growth estimates and inflation reports came in high. The Fed cut growth estimates for the year to 1.3 percent to 2 percent, anemic numbers ...

Local bank presidents: ‘We’re still loaning money’ - Martinsville Reporter-Times
Local Morgan County bank presidents say they have had a few phonecalls from customers asking about FDIC insurance and deposits since the United States Senate and House passed the Wall Street bailout plan. But Dan Moore, president of Home Bank, and ...

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