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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.

View all Terms
Jefferson mortgage rates news:
Financial News
Jefferson County attorneys, bond insurers meet on lawsuit - Tuscaloosa News
BIRMINGHAM, Ala. (AP) _ Attorneys for Jefferson County and New York bond insurers have met to discuss a lawsuit where the companies are asking a judge to appoint someone to oversee the county's sewer system. Jefferson County is trying to avoid filing ...

Losing it all: Subprime loan mess slamming doors on homebuyers in ... - Lynchburg News and Advance
You wouldn’t expect a $1 million home on Easy Street on Smith Mountain Lake to end up in the same situation as a $20,000 house from inner-city Lynchburg. One was built as a lakeside mini-mansion in 2006. It has 5,200 square feet, granite ...

EDITORIAL: Credit agencies penalize cities - New Haven Register
No comments posted. Dual standard means Connecticut towns pay millions to raise their bond ratings. The major credit rating agencies — Moody’s, Fitch and Standard & Poor’s — have cost cities and towns by underrating the quality of their debt ...

Illinois Third Quarter Home Sales Down 21.2 Percent - Biloxi Sun Herald
Statewide Median Price at $190,000 SPRINGFIELD, Ill., Nov. 17 /PRNewswire-USNewswire/ -- Job losses and economic uncertainty continue to impact the housing market while home price affordability and supply present opportunities for first-time buyers ...

Area banks pledging cooperation on loans - Herald-Star
STEUBENVILLE - Three area bank representatives pledged Monday to work with city and private agency officials to make home loans more available to low- and moderate-income residents. Officials from Parkvale, WesBanco and Huntington banks met with the ...

Syncora Holdings Ltd. Announces Third Quarter 2008 Results - Earthtimes
Author : Syncora Holdings Ltd. HAMILTON, Bermuda , Nov. 17 /PRNewswire-FirstCall/ -- Syncora Holdings Ltd. ("Syncora" or the "Company") (NYSE: SCA) today announced results for the three- and nine-month periods ended September 30, 2008 . The net loss ...

RAM Holdings Ltd. Q3 2008 Earnings Call Transcript - Seekingalpha.com
Welcome to the RAM Holdings Limited third quarter 2008 results conference call. This call is being recorded. With us today from the company is the President and Chief Executive Officer Vernon Endo, Chief Financial Officer Mr. Ted Gilpin, Chief Risk ...

November 2008 - Posts - MSNBC Firstread
For the Thanksgiving holiday, we are suspending our morning note (including First Thoughts) for next week. Don't fret too much, though. We will still be doing updates as usual throughout the day on Monday, Tuesday and Wednesday. Patrick Gaspard will ...

Housing slump deepens as prices drop most in 26 years - Globe and Mail
Silver Standard (America is a welfare queen superpower) from Canada writes: Well guys in a few years I will finally be able to afford a house. I remember earlier this year I was insulted on this forum for saying such a thing. Prices are going to fall ...

Beyond the Bailout: Agenda for a New Economy - OpEdNews.com
The financial crisis has put to rest the myths that our economic institutions are sound and markets work best when deregulated. Our economic institutions have failed, not only financially, but also socially and environmentally. This, combined with ...

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