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

Santa Fe home equity loans news:

Tepper, Barakett Abandon Stocks as Hedge Funds Shrink Holdings - Bloomberg
Nov. 17 (Bloomberg) -- Hedge-fund manager David Tepper entered the third quarter with $3.1 billion of U.S. stocks and exited with $648 million, selling most holdings to reduce risk and raise cash as carnage spread across the financial markets. ``We ...

Tepper, Barakett Abandon Stocks as Funds Cut Holdings (Update1) - Bloomberg
Nov. 17 (Bloomberg) -- Hedge-fund manager David Tepper entered the third quarter with $3.1 billion of U.S. stocks and exited with $648 million, selling most holdings to reduce risk and raise cash as carnage spread across the financial markets. “We ...

Thornburg Defaults On Interest Payment; S&P Cuts Rating To D - CNN Money
NEW YORK -(Dow Jones)- Thornburg Mortgage Inc. (TMA), entangled in protracted negotiations with its bank creditors, said early Wednesday it defaulted on a $ 12.2 million interest payment. In a swift response, Standard & Poor's cut the struggling ...

Lenders that Have Closed Shop, - Wall Street Journal
More than 80 mostly subprime mortgage lenders -- those that make home loans to the riskiest borrowers with questionable credit -- have closed shop since the end of last year as clients defaulted on payments and banks cut off the funding required to ...

Goldman Sachs Paydays Suffer on Lost Leverage With Fed Scrutiny - Bloomberg
Oct. 21 (Bloomberg) -- On Sunday Sept. 21, just before 3 p.m., Lloyd Blankfein gathered the top executives of Goldman Sachs Group Inc. in his 30th-floor office and set off a chain of events that would forever change the company he leads. It had been ...

Transcript: Color of Money Live - Washington Post
Read Michelle's latest columns , check out her Color of Money Book Club selection archive or sign up for her weekly e-mail newsletter. Michelle Singletary: Welcome all. I'm so glad you could join me. So let's get started. Silver Spring, Md.: Hi there ...

Barack Obama asks internet users to e-mail their policy ideas - Times Online
Barack Obama launched the official website for his transition to the White House today, inviting users to send in their ideas for the future of the country. It is a ploy that he hopes will harvest tens of millions of e-mail addresses while giving ...

An Invitation to Our Readers - BusinessWeek
Earlier this year, we launched a new and innovative feature on BusinessWeek.com to prominently highlight the insights of our readers. Called In Your Face , it calls attention to the most substantive comments left on our site by our readers. Not only ...

The Work of Neighborhood Stabilization - PLANetizen
Foreclosures are blighting neighborhoods across the country. There's no question that something needs to be done. But to react effectively, the field of community development needs to carefully consider which areas should be targeted and how much can ...

Top 5 ways to make Montreal a better city - Montreal Gazette
1. MonOrapid: A two-way monorail public-transit system to cross the St. Lawrence River and alleviate unnecessary traffic on the South Shore bridges. It would be built along the east side of the Champlain Bridge to service the South Shore, Nuns ...