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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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Ward mortgage quotes news:
Financial News
Bank cuts interest rates to 2 percent - Reuters UK
LONDON (Reuters) - The Bank of England slashed interest rates by a full percentage point on Thursday to shore up the crumbling economy and head off the threat of deflation. The cut took rates to 2.0 percent, their lowest level since 1951. Interest ...

UPDATE 1-General Growth gets two-week loan extension - Forbes
PHILADELPHIA, Nov 30 (Reuters) - Shopping mall owner General Growth Properties Inc said on Sunday it won a two-week extension on the maturity of $900 million in mortgage loans, giving it a reprieve as it talks to its lenders about a longer term ...

Birmingham Mayor Larry Langford arrested on federal charges - Everything Alabama Blog
Joe Songer/Birmingham News Birmingham Mayor Larry Langford. Birmingham Mayor Larry Langford was arrested this morning on federal charges and is being held at the federal courthouse, the FBI and other federal officials confirm. See documents and past ...

November 2008 - Weekly Standard
The terror assault on Mumbai is in its second day as Indian security forces struggle to regain control of the capital and clear the remaining terrorists from two hotels and a residential complex. Hundreds of Indian Naval and National Security Guards ...

Daley's memory slips as Gutierrez regains stride - Chicago Tribune
When it comes to prancing proudly, few politicians step as high as U.S. Rep. Luis Gutierrez (D-Boender). According to a fascinating Tribune story published Wednesday , part of the newspaper's "Neighborhoods for Sale" series about the clout, intrigue ...

Mayor Newsom To Begin Alcohol Abuse Treatment - San Francisco Gate
Update: Online reaction to the recent news from Room 200 continues: Le Blog de San Francisco: The Chron: Alone In Spreading Republican Lies , What the Chron won't tell you , and WTF? SFist.com: You Knew it had to Happen and Today on As The Gav Turns ...

Enough postseason, let's get to Peavy - Atlanta Journal Constitution
The entry titled "Enough postseason, let's get to Peavy," and any of the comments about it. So I’m getting the distinct impression that most of you on the Braves/MIB blog would like to be done already with this postseason so we can get on to ...

Bailout Would Come In Stages That Congress Could Halt - Common Dreams
WASHINGTON - Congress and the Bush administration reached tentative agreement early Sunday on a sweeping $700 billion rescue plan to take bad assets off the books of banks and other financial firms. The deal is expected to be put on paper in the ...

Barre Mayor Lauzon says insurance 'crisis' threatens city - Times-Argus
BARRE – Mayor Thomas Lauzon says "all bets are off" and "everything's on the table" as city officials scramble to avert a hyper-local health insurance crisis. Faced with a staggering 34 percent increase in health care premiums recently quoted by ...

St. Bernard residents riled over growth in rentals - New Orleans Times-Picayune
SUSAN POAG/THE TIMES-PICAYUNE Polly Boudreaux, resident of Lexington Place subdivision in Meraux, stands along Debouchel Boulevard Saturday, November 1, 2008. Against a backdrop of neatly trimmed lawns and refurbished suburban homes in Meraux, a long ...

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