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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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Gallatin mortgage rates news:
Financial News
DIARY - Top economic Events - to Sept 16 - Forbes
NAGOYA, Japan- Bank of Japan Governor Masaaki Shirakawa speaks to local business leaders in Nagoya central Japan (0100 GMT); holds news conference at 04455 GMT. Delivers speech at Nagoya University - 0630 GMT FRANKFURT- ECB Executive Board member ...

Montana escapes subprime meltdown - Bozeman Daily Chronicle
Thousands of people at risk of losing their homes. Mortgage lenders going out of business. Home sales slumping. Such is the nationwide fallout from the subprime mortgage market meltdown. But here in Montana, and particularly Gallatin County and the ...

Local banks solvent, but state borrowers still face hardships - Bozeman Daily Chronicle
The small banks that make up the vast majority of Montana’s lending institutions aren’t feeling the hangover that larger banks now are, but then, they didn’t attend the party, either. “They either weren’t willing or weren’t able to make ...

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