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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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Wabash mortgage rates news:
Financial News
Letters, 10/6: Finish MoPac trail - Lincoln Journal Star
I realize there are bigger issues facing Nebraska residents these days, but our failure to finish the MoPac East Trail deserves further attention. The Journal Star ( Sept. 24 ) reported on the issue and the general opposition to it among the ...

Great Depression survivors, scholars share old lessons for a new ... - Indianapolis Star
Louise Radez remembers the Great Depression. She remembers the hunger all around her. And she remembers that her father's success in repairing shoes was due largely to most folks in Indianapolis being too poor to buy new ones. But the lessons she ...

Obama and McCain have big economic differences - Miami Herald
Democratic presidential candidate, Sen. Barack Obama, D-Ill., talks about the troubled mortgage finance companies Fannie Mae and Freddie Mac during a news conference at the Wabash Valley Fairgrounds in Terre Haute, Ind., Saturday, Sept. 6, 2008 ...

Business brief - Chicago Sun-Times
30-year fixed-rate mortgages edge up Thirty-year fixed-rate mortgages averaged 6.10 percent this week, up 0.01 percent from last week, Freddie Mac, the mortgage company, reported Thursday. Other rates: 15-year fixed mortgages edged up the same amount ...

Foreclosures plaguing Terre Haute - Tribune-Star
TERRE HAUTE — They are sitting empty all over town. Foreclosed homes, known as REO (Real Estate Owned) properties, have become a huge part of the housing market in Terre Haute, Indiana and the country as a whole. “This is a national thing ...

MARK BENNETT: Obama offering plans to fix nation’s woes - Tribune-Star
TERRE HAUTE — As Barack Obama emphasized each misstep and misplaced priority of the Bush administration, and then offered a remedy, his voice rose, and his enthusiastic supporters rose to their feet. Many came to the 4-H Arena of the Wabash Valley ...

Trump to ask for later loan due date - Crain's Chicago Business
(Crain’s) – Amid stalled condominium sales at his new downtown high-rise, Donald Trump expects to ask lenders to push back the due date on the construction loans that financed the 92-story riverside project. But the project’s 339-room hotel ...

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sources: informars.com, erate.com, Freddie Mac
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