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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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Mackinac mortgage rates news:
Financial News
Crazy month for financial world - Port Huron Times-Herald
The past few weeks have been filled with developments in the financial world that have many people talking about an impending second Great Depression. Here’s a look back at what’s happened so far. Sept. 6 — The federal government took over ...

Bailout ends rough week - Port Huron Times-Herald
The past few weeks have been filled with financial developments that have many people talking about the potential for an economic recession. Bob Tansky, an economics professor at St. Clair County Community College, expects to see more problems as the ...

Time for caution for consumers - Detroit Free Press
After watching Wall Street get whacked by a frantic 500-point drop on Monday, we'd all like to know what moves we should make on Main Street. The short -- and yes, glib -- answer: Now is not the time to go shopping. Not for a boatload of bargain ...

Reject bailout rush to socialism - Detroit News
Prudent workers, taxpayers and firms are getting the bum's rush on a massive proposed bailout from panicked politicians who are weeks away from a national election of extraordinary significance. In this case, a bipartisan group is forcibly trying to ...

Top Stories (Complete List, up to 1000 Stories) - 9&10 News
10/1/2008 - BREAKING NEWS: 5:00 P.M. Update: Evacuations Lifted in Clare After Factory Fire 10/1/2008 - BREAKING NEWS: 3:00 P.M. Update: Evacuations Lifted in Clare After Factory Fire. 10/1/2008 - BREAKING NEWS: 1:10 Update: Clare Under State of ...

How do we know something bad is going to happen? - Meganmcardle.theatlantic.com
We don't. There are no guarantees in this world. Based on what I'm hearing from Wall Street, I'm pretty sure that something bad will happen if we let a whole bunch of banks fail. But I can't promise that everything won't be fine without a bailout ...

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