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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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Union mortgage rates news:
Financial News
Navy Federal Slashes Mortgage Rates - Forbes
5.625% 30-Year Fixed Mortgage up to $730K VIENNA, Va., Sept. 4 /PRNewswire-USNewswire/ -- Effective immediately, Navy Federal Credit Union is now offering its members some of the lowest rates nationwide for a wide range of Mortgage Products. For ...

Credit Union Australia cuts variable rates - News.com.au
CREDIT Union Australia will cut its standard variable mortgage rate by 0.25 per cent from Monday, following the big banks' decision to pass on the rate cuts. Australia's largest credit union says it will lower its standard variable rate for home ...

How to determine your bank's financial health - Los Angeles Times
How can you tell whether your bank is in hot water? ¶ More people have been asking that question since the collapse of Pasadena mortgage giant IndyMac Bank in July. After the government took over the bank, many customers had to wait in line for ...

Rangel paid no mortgage interest on beach house - Times Union
WASHINGTON -- Rep. Charles Rangel paid no mortgage interest on a beach resort property for about 15 years, a lawyer for the powerful House committee chairman said Friday. The New York congressman's lawyer, Lanny Davis, told The Associated Press that ...

Upcoming business events and economic reports - CNBC
MONDAY, Sept. 8 WASHINGTON — Federal Reserve releases consumer credit for July, 3 p.m. Weekly Treasury auction. RICHMOND, Va. — Federal court hearing on Smithfield Foods Inc.'s racketeering lawsuit against a union seeking to organize workers at a ...

Norwich Union to slash final policy bonuses by 10% - Times Online
More than 2.4 million Norwich Union with-profits policyholders will miss out on cash payouts averaging £2,000 after the insurer moved to cut its final bonus rates in the wake of tumbling markets. Norwich Union, owned by Aviva, said that it would be ...

Why mortgage rates aren't falling - Walletpop.com
With the Fed holding rates for the foreseeable future, you may think this is a great time to refinance your mortgage or buy a new home. But because of the "credit crunch" you are no doubt sick of hearing about, rates are actually higher than they ...

The escalating breakdown of urban society across the US - Guardian Unlimited
A scene from HBO's The Wire, which is set in Baltimore Baltimore - it's been an ordinary week in Maryland's largest city. The August heat broke and one can nearly sleep with a window open; the Orioles are again down in the cellar in the American ...

Art's new democrats are due a lesson in the economics of taste - Guardian Unlimited
The new movement in contemporary art is called democracy. Within the space of a few hours this week I heard half a dozen people speak in its favour. A woman at the big new Saatchi gallery, which opens in Chelsea next month, said the "democratisation ...

Bonuses slashed for Norwich Union with-profits customers - Times Online
Norwich Union is reducing final bonus rates for with-profits policyholders by up to 10 per cent. The insurer, which is part of insurance giant Aviva, said its core with-profits fund had achieved a return of minus 7.3 per cent in the first six months ...

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