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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How and Why the Federal Government Created the Mortgage Meltdown - ChristianNewsWire
OAKLAND, Calif., Oct. 7 / Christian Newswire / -- We are experiencing one of the worst financial upheavals of the post-WWII era, driven primarily by a vast increase in the number of mortgage defaults. But why did the mortgage market meltdown so badly ...

State job resource centers first stop for jobless - Providence Journal
A man looks over the jobs bulletin board at netWORKri in Providence. The Providence Journal / Steve Szydlowski PROVIDENCE — Annabelle Ortiz lost her job at a mortgage company last year. And lost another this summer. Claudia Cano got laid off from a ...

Do You Need To Talk? - Washington Post
Resize Congress has passed the bailout, but there's still no improvement in the economy. If anything, things are getting worse. The global markets are imploding and Americans are despairing over their investment balances or worried their cash isn't ...

Housing: The roof caves in - Athens Banner-Herald
A sign of the times sits in a new Athens neighborhood Friday. The housing market in Athens hasn't suffered as much as in neighboring counties. Erin Hughes Area foreclosure rates. Click Thumbnails to View • Leading into the Nov. 4 presidential ...

Debate Is Over, Asian Markets Still Down - ABC News Blogs
Spinners are on TV saying whom they thought won. Meanwhile, the updates from Asia’s markets, courtesy of the ABC News Business Unit... Japan: Down 2.67% at the beginning of the debate; now down 4.54% Australia: Down 4.06% at the beginning of the ...

Banks on the Edge - Bloomberg
Deborah Horn tugs on the handle of the glass-paned entrance of the IndyMac Bancorp Inc. branch in Manhattan Beach, California. The door won't budge. The weekend is approaching, and Horn, 44, the sole breadwinner in a family of three, needs cash. A ...

Immigrants face growing economic mobility gap - Globe and Mail
A TK from Canada writes: The decrease in performance of some groups compared to their success rates upon arrival shows that, to me, ethnicity matters less than community. Bravo to those people who arrive, work hard, and build successful futures for ...

Palin Gets McCain Stance on Homeowner Protections Wrong - ABC News Blogs
Sarah Palin got her facts wrong in Thursday's debate with Joe Biden when discussing where John McCain stands on new protections for homeowners facing foreclosures. The Alaska governor incorrectly made it sound like McCain supports giving bankruptcy ...

More on an Obama surge: Black Georgians nearly match whites in new ... - Atlanta Journal Constitution
Secretary of State Karen Handel is on record saying that there is no giant surge of voter registration in Georgia — and in the largest context, she’s right. Newly released figures from her office show that 406,379 new voters registered between ...

Who Won Tuesday’s Presidential Debate? - Wall Street Journal
John McCain called for a $300 billion program to help financially troubled homeowners stay in their homes during the second presidential debate. He used the nationally televised Town Hall-style encounter with Barack Obama to unveil the government ...