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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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Adair home equity loans news:
Financial News
Brown’s ‘Churchill’ Moment Masks Failure of Regulator He Built - Bloomberg
Nov. 26 (Bloomberg) -- Gordon Brown isn’t known for making quick decisions. He agonized for months over whether to call early elections after becoming U.K. prime minister in June 2007, before deciding against it. When financial and commodity ...

Citizens' parent seeks aid - Boston Globe
Royal Bank of Scotland Group, the parent of Citizens Bank, may receive financial help from the British government after the bank's credit was downgraded and its share price plunged 39 percent yesterday on fears of massive losses. Standard & Poor's ...

A new taxpayer-owned mega-bank - bbc
The great fear in the City about the Treasury taking stakes in three of our biggest banks is that this partial nationalisation will turn them into non-commercial public services. No bad thing, some might say. But it's not what the chancellor and ...

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