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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

New Madrid mortgage loans news:

Spain's car sales halved from year ago - Detroit News
MADRID, Spain -- Spain's car manufacturers are reporting a 50 percent drop in sales in November compared with the same period a year ago. It's the second worst annual drop on record and the latest sign of the country's sharply weakening economy ...

Spain's Kutxa, BBK abandon merger plans - Forbes
MADRID, Nov 29 (Reuters) - Spanish savings bank BBK and Basque country rival La Kutxa have abandoned their planned merger after Kutxa shareholders rejected the operation, the banks said late on Friday. The new bank, which was to have been named la ...

Spain: economic stimulus plan to create jobs - Boston Globe
MADRID, Spain— Spain's prime minister unveiled Thursday an euro11 billion ($14 billion) economic stimulus plan that calls for heavy spending on public works to create jobs and ease the EU's highest jobless rate. Jose Luis Rodriguez Zapatero said ...

Spain: US$14 billion economic stimulus plan to create jobs - Canada East
MADRID, Spain - Spain's prime minister unveiled Thursday an euro11 billion (US$14 billion) economic stimulus plan that calls for heavy spending on public works to create jobs and ease the European Union's highest jobless rate. Jose Luis Rodriguez ...

Treasuries Set for Best Month Since 1981 in ‘Time of Trial’ - Bloomberg
Nov. 28 (Bloomberg) -- Treasuries rose, heading for their biggest monthly gain since Ronald Reagan was in the White House, as President-elect Barack Obama said the U.S. faces a “time of great trial” and the economy shrinks. The gains drove the 10 ...

Continuous news, views, and abuse by the Reason staff - Reason.com
The great, unlamented mascot of Pets.com and the tech bubble, Sock Puppet, comes to Congress with a paw out for taxpayer money and inadvertently suggests a way forward through the current moment that doesn't involve massive giveaways. Approximately ...

Fed OK's Spanish bank's buying of City National Bank - Miami Herald
The Federal Reserve has given the green light to Caja Madrid, one of Spain's largest savings banks, to acquire City National Bank of Florida. Under the proposal that received the Fed approval, Caja Madrid, a foreign banking organization, and its ...

HSBC reports more bad loans at U.S. unit - International Herald Tribune
LONDON : Two leading European banks delivered surprises to investors on Monday, with HSBC Holdings reporting deeper problems at its U.S. unit, while Banco Santander reversed course and said it would sell shares to raise more capital. HSBC, the ...

UPDATE 2-Spain's BBK, Kutxa rush through merger amid crisis - Reuters
MADRID, Oct 30 (Reuters) - Spanish savings bank BBK and Basque Country rival Kutxa are to merge, the two said on Thursday, clinching a widely expected deal accelerated by the financial crisis. "The current situation (in financial markets) now makes a ...

ANALYSIS-Spanish unemployment raises depression spectre - Forbes
MADRID, Nov 7 (Reuters) - Unemployment in Spain is surging ahead of job losses in other EU countries and there are fears it could hit depression-like rates above 20 percent as 14 years of economic boom give way to a protracted slump. Spain's economy ...