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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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Clarion home equity loans news:
Financial News
3 suitors give second-round bids for Chicago Cubs - Austin American-Statesman
CHICAGO — At least three would-be buyers of the Chicago Cubs baseball franchise have submitted second-round bids to Tribune Co., according to newspaper reports. The Chicago Tribune, which is also owned by Tribune Co., and The Wall Street Journal ...

Trio given second-round bids for Cubs - SLAM! Sports
CHICAGO - At least three would-be buyers of the Chicago Cubs baseball franchise have submitted second-round bids to Tribune Co., according to newspaper reports. The Chicago Tribune, which is also owned by Tribune Co., and The Wall Street Journal said ...

Romney on Auto Bailout: Feds Should Guarantee Fan Belts But Not ... - BusinessWeek
Earlier this week, former Massachusetts Governor and Republican Presidential hopeful Mitt Romney chimed in, via a New York Times op-ed column, with his argument for letting Detroit’s automakers go bankrupt as a means to fixing their problems and ...

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 ...

Memo on HOPE for Homeowners program: Be aware of fine print - Jackson Clarion-Ledger
WASHINGTON — For homeowners trying to renegotiate their loans under the government's new HOPE for Homeowners program, please read the paperwork carefully - because once again you'll be stuck with a costly mortgage deal. HOPE for Homeowners ...

Building a community: More applicants sought for self-help housing ... - Kenai Peninsula Clarion
For low-income families on the Kenai Peninsula, being able to afford a home may sound too good to be true, especially in these economically uncertain times. Thanks to RurAL CAP, what once was thought to be a pipe dream is now a reality. RurAL CAP's ...

A new big lie by the GOP - Salon
I've been wanting us to write on the right-wing effort to blame the mortgage crisis on the Community Reinvestment Act and other efforts to bring homeownership to lower-income, minority Americans, but this piece by Slate's Daniel Gross is so great I'm ...

Crime and no punishment - CNN
(CNN) -- South Africa can be a very dangerous place, both for natives and visitors alike. That is the perception -- and perception, as many politicians can attest to, is almost as important as reality. Media coverage of crime is intense in South ...

That Palin hoax - Atlanta Journal Constitution
Away from the office on the farm in South Georgia, where the task of this day is to reassemble a John Deere tractor, almost none of my conversations are with political junkies. It was those conversations that told me that Gov. Sonny Perdue’s ...

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