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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
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Cost goes up for '12 Days of Christmas' - Star News Online
That’s this year’s cost, according to the annual “Christmas Price Index” compiled by PNC Wealth Management, which tallies the single partridge in a pear tree to the 12 drummers drumming, purchased repeatedly as the song suggests. The price is ...

Berks judge asks court to bar employees of Wesley A, Snyder from ... - Reading Eagle
A Berks County judge asked Pennsylvania Superior Court to uphold an August ruling preventing employees of convicted embezzler Wesley A. Snyder from working in the mortgage business. Senior Judge Albert A. Stallone said Snyder's four mortgage ...

Mortgage Rates Drop to Lowest Level This Year - PR Newswire
SEATTLE, Dec. 2 /PRNewswire/ -- Mortgage rates fell dramatically last week, due to the government's decision to purchase mortgage-backed securities. Rates for 30-year fixed mortgages declined to 5.53 percent, down from 5.92 percent the week prior ...

Fed Attacks Mortgage Rates: 4 Things to Know - US News and World Report
The Federal Reserve on Tuesday announced a new approach to stabilizing the housing market : driving down mortgage rates. The effort is based on a two-pronged program that involves buying up to $100 billion in debt of Fannie Mae, Freddie Mac , and the ...

Read more reactions from Huffington Post bloggers to ABC's ... - Huffingtonpost.com
Read more reactions from Huffington Post bloggers to ABC's Pennsylvania Democratic debate For months, now, there has been an effort to frame the Democratic front-runner not just as a bad candidate, but as a potential violent threat to the American ...

Frank Vs. Paulson: Just Who Has It Right On Mortgage Defaults? - CNBC
So here I am on Capitol Hill covering a hearing at the House Financial Services Committee (starring Chairman Barney Frank D-MA), entitled Private Sector Cooperation with Mortgage Modifications—Ensuring That Investors, Servicers, and Lenders Provide ...

Corrects 30-year mortgage rate in 4th paragraph after BestInfo ... - Reuters
WASHINGTON (Reuters) - The Federal Reserve threw a massive life-line to U.S. consumers on Tuesday with two new programs aimed at making it easier for them to obtain loans for homes, cars and on credit cards. Squarely targeting slumping housing ...

Fed throws $800 b lifeline - Sify
Under the new mortgage programme, the Fed will buy up to $100 billion of debt issued by government-sponsored mortgage enterprises Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. It will also buy up to $500 billion of mortgage securities ...

Business news briefs - Pittsburgh Post-Gazette
Mortgage-servicing companies kept 225,000 U.S. homeowners in their homes last month by modifying loan terms or securing new repayment plans as foreclosures climbed to a record. The Hope Now Alliance, a coalition of servicers, counselors and investors ...

Md. foreclosures decline 16% - Baltimore Sun
In a sign that Maryland could be making strides toward helping struggling homeowners keep their houses, foreclosures fell almost 16 percent in the three-month period that ended in September, compared with the second quarter, according to statistics ...

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