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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

Washington refinance mortgage news:

Mortgage Plan Prompts More Bailout Politics - The Washington Independent.com
The Treasury Department’s tentative plan to salvage the housing market by pushing down mortgage interest rates to entice homebuyers already is drawing a lot of reaction. The Wall Street Journal reported that Treasury was weighing the idea, in ...

Financial industry pushes for lower mortgage rates - Dallas Morning News
WASHINGTON – Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, Treasury would seek to lower the rate on a 30-year mortgage ...

Treasury Department Considering Bold Mortgage Move - CBS 13/CW31 Sacramento
WASHINGTON (AP) ― Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to ...

Treasury urged to act to push down mortgage rates, shore up housing ... - Baltimore Sun
WASHINGTON - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, the Treasury Department would seek to lower the rate on a 30 ...

Treasury weighs forcing down mortgage rates - Buffalo News
WASHINGTON — The Treasury Department is strongly considering a plan to intervene directly into the mortgage industry to dramatically push down rates and stimulate the moribund housing market, according to sources familiar with the proposal. Under ...

Proposal would lower 30-year mortgage rate to 4.5 percent - Syracuse Post-Standard
WASHINGTON (AP) -- Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, Treasury would seek to lower the rate on a 30-year ...

FDIC:Treasury idea wont help people in need - Marketwatch
WASHINGTON(MarketWatch) -- Federal Deposit Insurance Corp. chairwoman Sheila Bair said Thursday that a proposal the Treasury Department is reportedly contemplating that would cut mortgage rates for new loans for homes, is constructive but it wouldn't ...

Treasury Eyes New Plan to Drive Down Mortgage Rates - Bank Info Security
The U.S. Treasury Department is considering a plan to purchase mortgage-backed securities to drive mortgage rates down to as low as 4. 5 percent, which mirrors plans the Federal Reserve announced last week to buy securities backed by 30-year fixed ...

Bernanke: More Must Be Done About Foreclosures - CBS 4 South Florida
WASHINGTON (AP) ― Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Although a flurry of actions have been ...

Bernanke: More action is needed to rein in runaway foreclosure rate - Detroit Free Press
WASHINGTON — Federal Reserve Chairman Ben Bernanke called on the government today to ramp up efforts to stem soaring home foreclosures, which are feeding into the country’s deep economic troubles. Although a flurry of actions have been taken to ...