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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
Essex mortgage rates news:
Financial News
A transcript follows. - Washington Post
Personal 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.

Transcript: Color of Money Book Club - Washington Post
Personal finance columnist Michelle Singletary hosted an online discussion with Carolyn Warren , author of "Mortgage Rip-Offs and Money Savers" (John Wiley & Sons), on Thursday, Aug. 28 at Noon ET. Carolyn Warren: I list 7 disadvantages of an ...

Property crash opens door to the new council house - Times Online
Gordon Brown is set to usher in a new era of council housing by helping local authorities to buy repossessed and unsold properties. Cash and powers will be made available so that town halls can intervene in the housing market, The Times has learnt ...

Home repossession increasing in St Albans - St. Albans Observer
ST ALBANS has seen one of the biggest increases in the number of mortgage repossessions in Hertfordshire, Bedfordshire and Essex, government statistics have revealed. Figures show there was a 25 per cent rise in repossessions during the first half of ...

Community Notes - Abington Mariner
To send an announcement, write to the Watertown TAB, 254 Second Ave., Needham, MA 02494; fax 781-433-8202 or e-mail watertown@cnc.com. Please keep submissions to 150 words or fewer. The deadline for listing submissions is Friday at 5 p.m. for the ...

Economists: Jobs report points toward recession in Massachusetts - Eagle-Tribune
BOSTON — Fewer people were working in Essex County last month, and the size of the work force in the area also was shrinking, according to the state's monthly jobs report. "It's clear from the numbers that the state is not generating new jobs at a ...

Wild Card/Vacation Day 11 of 12 - Spokane Spokesman-Review
Only two more shopping days until I return to the final days of the City Council campaigns. Then, we'll have fun taking apart the campaigns. Any dirt yet? Any mudslinging. You know, the good stuff. Or is everyone behaving? My wife is now looking over ...

Is the sky still falling? Real estate, mortgage experts say your ... - Newburyport Daily News
NEWBURYPORT — Single-family home prices in 10 major metropolitan areas nationwide in February were down 11.4 percent from a year earlier. Clearly, the real estate market is still reeling. But then there's the news that existing home sales are now ...

Lantigua, others seek six-month moratorium on foreclosures - Eagle-Tribune
BOSTON — With more homeowners falling behind on mortgage payments, Rep. William Lantigua, D-Lawrence, and a group of lawmakers are proposing a six-month moratorium on foreclosures. The proposed moratorium is among three bills unveiled yesterday ...

Net Worth - San Francisco Gate
Well, the tide is definitely out and the accompanying chart shows which Bay Area financial companies kept their trunks on. The chart ranks the financial companies in The Chronicle 200 based on their total return to shareholders for the year ending ...

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