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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.

View all Terms
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Fitch Rates Maryland CDA's $100MM 2008B&C 'AA'; $50MM 2008D 'AA/F1+' - ForbesAdditionally, Fitch has affirmed the 'AA' rating on the outstanding $2.12 billion residential revenue bonds. The 2008 series B-D bonds are expected to be available for delivery on or about Sept. 4, 2008. The current offering is the 38th sale of bonds ...
Mortgage-fraud reports are up - Philadelphia InquirerEfforts to tighten lending standards appear to have had little effect so far, as reports of mortgage fraud increased 42 percent in the first quarter of 2008 from the same period of 2007. A study released this week by the Mortgage Asset Research ...
Fitch Rates Lehman Mortgage Trust Series 2008-6 - ForbesThe 'AAA' rating on the senior certificates reflects the 12% subordination provided by the 4.50% B1 class, 1.90% B2 class, 1.20% B3 class, 1.55% privately offered B4 class, 0.95% privately offered B5 class and 1.90% privately offered and non-rated B6 ...
Economic pinch hits Maryland tax coffers - Baltimore SunA sluggish economy and housing market continued to undercut nearly every source of tax revenue for the state over the past year, with collections falling $73.5 million short of expectations, setting the stage for tighter budgets in the coming years ...
Market In Slump, But Scams Abound - The LedgerYou might assume that with home purchases and new mortgage volume off by 30 percent or more in many markets during the past year, loan fraud would be down as well. Wrong. A benchmark quarterly study released Aug. 25 by the mortgage industry's ...
A mortgage rescue - Baltimore SunA credit crunch that has choked off mortgage funding for millions of Americans, forced thousands of homeowners into foreclosure and placed hundreds of banks and investment firms in jeopardy appears unlikely to ease until a continuing crisis at Fannie ...
Downturn hasn't slowed loan fraud - Charleston Post & CourierYou might assume that with home purchases and new mortgage volume off by 30 percent or more in many markets during the past year, loan fraud would be down as well. Wrong. A benchmark quarterly study released Aug. 25 by the mortgage industry's ...
McCain picks Alaska Gov. Palin as running mate - Miami HeraldPalin's first scandal began as family feud In Alaska, Palin known for charging into battle against long odds Palin backs oil drilling in wildlife refuge Palin's first scandal began as family feud McCain picks Alaska Gov. Palin as running mate In ...
A transcript follows. - Washington PostPersonal finance columnist Michelle Singletary will host an online discussion with Carolyn Warren , author of "Mortgage Rip-Offs and Money Savers" (John Wiley & Sons), on Thursday, Aug. 28 at Noon ET.
Stocks Stride Higher, Oil Closes Down - Street.ComUpdated from 2:26 p.m. EDT Stocks in New York continued to build on impressive gains Thursday following the release of better-than-anticipated GDP data, a bullish economic read that's stoking investor confidence. A decline in the price of crude oil ...
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