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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Benton mortgage rates news:

Countrywide to pay $10M for bad loans - Detroit News
More than $9.8 million will be paid to assist Michigan homeowners who have lost their homes to foreclosure and nearly 10,000 residents will be able to refinance their mortgages at lower rates under a nationwide settlement between Countrywide ...

GOTW: Benton Community @ Union Community - KWWL
SPRINGFIELD, Ill. (AP) - A Bank of America Corporation subsidiary is agreeing to modify tens of thousands of loans to keep people in 11 other states from losing their homes. That's according to attorneys general in several states, including Iowa ...

State Republican chairman to visit Benton in support of Burzynski - Southern Illinoisan
BENTON -- Illinois Republican Party Chairman Andy McKenna will join 59th Senate District candidate Ken Burzynski Friday afternoon in Benton to meet with local supporters and speak to the media. The event takes place at 3:15 p.m. at the Burzynski ...

Group offers homeowners anonymity, help - St. Cloud Times
The Minnesota Home Ownership Center, based in St. Paul, on Wednesday is hosting its first teleconference for people who are having trouble making mortgage payments or are facing foreclosure. It is employing the teleconference format because people in ...

Obama: McCain mortgage plan ill-advised - The Washington Times
DAYTON, Ohio — Democrat Barack Obama told a campaign audience Thursday that Republican John McCain 's mortgage buyout plan would cost taxpayers billions of dollars and reward bad behavior by lenders. Speaking in Dayton as he started a two-day bus ...

McCain, Obama back on the trail after second debate - Rocky Mountain News
Republican presidential candidate Sen. John McCain (R-AZ) and Democratic presidential candidate Sen. Barack Obama (D-IL) speak during the Town Hall Presidential Debate at Belmont University's Curb Event Center October 7, 2008 in Nashville, Tennessee ...

N. Va. Home Sales Down 39% in July; Virginia in Top 5 of U.S. Sales ... - Falls Church News-Press
N. Va. Home Sales Down 39% in July; Virginia in Top 5 of U.S. Sales Decline Experts Caution: Pull Back to Trip Global Downturn By Nicholas F. Benton Falls Church should not take its declining residential home value situation personally. The dramatic ...

Ex-Credit Suisse brokers charged with fraud - Boston Globe
NEW YORK - Two former Credit Suisse Group AG brokers were charged with violating securities laws by fraudulently selling corporate clients subprime mortgages linked to auction-rate securities. Julian Tzolov, 35, and Eric Butler, 36, falsely told ...

Letter: Obama, Democrats share in blame for fiscal meltdown - Salem News
In his Friday column, Nelson Benton wrote that "Democrats will be seeking to take advantage of Republican presidential candidate John McCain's deregulatory fervor in the weeks ahead." No doubt the Democrats will try to blame McCain for this financial ...

August Home Sales Sputter - Morning News
SPRINGDALE -- Low interest rates and aggressive seller perquisites failed to boost regional home sales through August, with the number of pending contracts falling 27 percent from a year ago, according to a report released by Paul Bynum of Mountdata ...