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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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Franklin mortgage quotes news:
Financial News
Palin's family ties include FDR, Princess Diana - Atlanta Journal Constitution
In the '90s and deep into the Bush years, talk radio became a devastatingly effective echo chamber for Republican impulses... COUNTDOWN 2008: ON THE RUN: Donations to Obama questioned (10/08/2008) Democratic presidential candidate Barack Obama has ...

Community Reinvestment Act had nothing to do with subprime crisis - BusinessWeek
Fresh off the false and politicized attack on Fannie Mae and Freddie Mac, today we’re hearing the know-nothings blame the subprime crisis on the Community Reinvestment Act — a 30-year-old law that was actually weakened by the Bush administration ...

Obama calls mortgage plan bad for taxpayers - Knoxville News Sentinel
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 tour ...

Undernews: Rezko Alert - Slate
McCain wants to fire Chris Cox as head of the Securities and Exchange Commission and appoint ... Andrew Cuomo , under whose leadership the federal Department of Housing and Urban Development damaged several New York neighborhoods when it permitted ...

Serving the communities of: - Livingston Parish News
Guess who said this: "Fannie Mae and Freddie Mac are now super S&Ls, holding billions of dollars of mortgage assets in their portfolios. Over the past decade, they've enjoyed extraordinary growth, but at the same time have enhanced the risk in their ...

HORRORS! AP Says Bad Economy Makes Us Ugly! - News Busters
It's getting close to Halloween, so I hope this story doesn't scare you too much. But the Associated Press has discovered that this bad economy is making us ugly. That's right, ugly. Because of this downturn people just cannot afford to go to their ...

Next Stunt, Please! - Slate
And do you maybe have some change in your pocket? ... I hear jingling! I just made a deposit at my bank. For the first time ever, the teller asked me if I maybe also wanted to pay down some of the (relatively small) balance in my check-protection ...

Dow rallies after Fed move to lend to businesses - Newark Star-Ledger
Wall Street rose moderately early today, with investors getting some encouragement that the Federal Reserve's plan to buy massive amounts of corporate debt will help unclog the credit markets. The markets showed some signs of easing. Investors, many ...

Labor warns McCain about crowds - Boston Globe
The head of the nation's biggest labor federation is joining the chorus of voices warning about the increasingly angry crowds coming to John McCain's campaign events. At rallies this week , McCain's criticisms of Democrat Barack Obama have been met ...

Drilling Down on the Facts in McCain’s Speech - New York Times Blogs
Speaking in Albuquerque on Monday, Senator John McCain attacked Senator Barack Obama on several fronts that by now have become familiar. But many of his charges relating to the economic meltdown, taxation and health care contained inaccuracies or ...

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