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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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Plan could help Nevada homeowners - Reno GazetteThousands of Nevadans could benefit from a settlement to modify troubled mortgages and help struggling homeowners stay in their homes, Bank of America officials announced Monday. The $8.4 billion settlement will affect nearly 400,000 customers ...
Bank, Nevada officials reach deal for Countrywide mortgages - Reno GazetteThousands of Nevadans could benefit from a settlement to modify troubled mortgages and help struggling homeowners stay in their homes, Bank of America officials announced Monday. The $8.4 billion settlement will impact nearly 400,000 customers ...
Bank settlement on mortgages for Nevada - KVBCCARSON CITY, Nev. (AP) -- The state attorney general's office says more than 11,000 Nevadans could benefit from a settlement announced Monday by Bank of America to help some 400,000 struggling U.S. homeowners by cutting interest rates and principal ...
See today's average credit card rates across the country. - MSNBCWASHINGTON - Pending home sales rose 7.4 percent from July to August, an unexpected piece of positive news for the battered U.S. housing market. The National Association of Realtors said Wednesday its seasonally adjusted index of pending sales for ...
Nevada homeowners could get help from lawsuit settlement - Tahoe Daily TribuneCARSON CITY — More than 11,000 Nevadans could benefit from a settlement announced Monday by Bank of America to help some 400,000 struggling U.S. homeowners by cutting interest rates and principal on mortgages, the state attorney general’s office ...
Many pieces go flying from mortgage implosion - Dallas Morning NewsWASHINGTON – Your taxpayer credit card is on the counter, all set to get the economy moving again. Caveat emptor – let the buyer beware. The value of the mortgage-backed securities the federal government is set to buy is hard to decipher when the ...
MORTGAGE PAYMENTS SLASHED: BofA deal will help Nevadans 'Immediate ... - Las Vegas Review JournalSome 11,000 Nevadans will keep their homes and avoid foreclosure under a tentative agreement between state officials and Bank of America Corp. announced Monday. The agreement was reached with attorneys general around the country and leaked to the ...
Lawsuit settlement helps Nevadans - Fort Mill TimesCARSON CITY, Nev. More than 11,000 Nevadans could benefit from a settlement announced Monday by Bank of America to help some 400,000 struggling U.S. homeowners by cutting interest rates and principal on mortgages, the state attorney general's office ...
Economic Unrest Shifts Electoral Battlegrounds - The LedgerThe turmoil on Wall Street and the weakening economy are changing the contours of the presidential campaign map, giving new force to Senator Barack Obama’s ambitious strategy to make incursions into Republican territory, while leading Senator John ...
Subprime Devastation Retraces Path of S&L Crisis in U.S. States - BloombergOct. 8 (Bloomberg) -- The $700 billion bailout of Wall Street's subprime-tainted securities harkens back to the real- estate bets that sparked the savings and loan crisis in the 1980s. The geography's the same, too. Then, as now, the government ...
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