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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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Otsego mortgage rates news:
Financial News
Foreclosures on the rise in Otsego and Delaware - Daily Star
As the number of distressed homeowners rises nationally, foreclosure filings are up in Otsego County and high in Delaware County, local clerks said this week. And homeowners could be further challenged in months ahead as lenders adjust mortgage rates ...

Foreclosures might have peaked in Minneapolis - Minneapolis Star Tribune
The foreclosure boom appears to have peaked in first-hit and worst-hit Minneapolis -- even while it continues unabated in the rest of Hennepin County. St. Paul also reports new sheriff's sales dropping in recent months. New foreclosures in ...

Mortgages: No relief in sight - Minneapolis Star Tribune
A bout 4 million U.S. homeowners -- including more than 65,000 Minnesotans -- were either behind in their mortgage payments or in foreclosure at the end of June, according to a second-quarter survey released Friday by the Mortgage Bankers Association ...

Top Stories (Complete List, up to 1000 Stories) - 9&10 News
10/10/2008 - Economy in Crisis: Governor Granholm Speaks Out in Traverse City 10/10/2008 - Bush says Anxiety Feeding Market Instability 10/10/2008 - President Bush Warns High Anxiety Worsening Credit Crisis 10/10/2008 - General Motors Could Announce ...

USG Corporation Reports First Quarter 2008 Net Sales of $1.2 Billion ... - PR Newswire
CHICAGO, April 22 /PRNewswire-FirstCall/ -- USG Corporation NYSE: USG, a leading building products company, today reported first quarter 2008 net sales of $1.2 billion and a net loss of $45 million, or $0.45 per diluted share based on 99.1 million ...

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