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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Forest home equity loans news:

New businesses - Providence Journal
BANAI ENTERPRISES LLC: A: Tawab Banai, 287 Armistice Blvd., Pawtucket 02861. Subway restaurant. October 24 Sayer, Regan, Thayer & Flanagan, LLP: P: Richard N. Sayer, 617 Paradise Ave., Middletown 02842. Law practice. Mastech, Inc.: P: Steven J ...

Lost auto jobs pegged at 15,000 - Globe and Mail
david tarbuck from Ukraine writes: It is not clear how much of the $25 billion Canada will end up footing?? Nor clear to Whom? The answer to that one ought to be NO! Thank you but Canada will decide independently on how/what/when and most important ...

Unhand that economy, villein! - Meganmcardle.theatlantic.com
I've been thinking about this for awhile. How much of this current crisis is just a manifestation of the American--indeed human--will? We're always talking about politicians deluding us and Wall-Street manipulating us, and predatory lenders conning ...

Uh they got most of that back buddy, try to keep up with events. That ... - Globe and Mail
Carl Sterritt from Canada writes: What about funding viable businesses that have a future. Maybe provide some interest free loans to companies that are doing well and would like to expand. Our government has been breathing life into dying ...

State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-Review
In a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...

Background Note: Nigeria - Scoop
Area: 923.8 thousand sq. km. (356,700 sq. mi.) about the size of California, Nevada, and Arizona. Cities: Capital --Abuja (pop. est. 452,000). Other cities --Kano (9.3 million), Lagos (9.01 million), Ibadan (5 million), Enugu (500,000). Terrain ...

Pay cuts won't fix sick auto industry, CAW says - Globe and Mail
You beat me to it... If the Unions won't do their part... There is NO WAY that Canadian taxpayers should be expected to... Any plans for a bail out SHOULD definitely be cancelled... Let the 'Big 3' fail ... Plain Joe from Canada writes: ' Ryan Lemay ...

Jurors hear confession tape in Randolph murder trial - Newark Star-Ledger
After police caught Jonathan Zarate and two teen-agers trying to dump a trunk containing a Randolph girl's beaten and dismembered body into the Passaic River in Rutherford, Zarate told an investigator he had found his next-door neighbor dead. "I ...

Bad loans sap banks’ profits - Minneapolis Star Tribune
I read today that some bank in CA lent a mexican strawberry picker with a income of $14,000 a year and spoke ZERO english $720,000 for a … read more home And Now we the tax payer are going to be paying for the banks ingnorance - I will be glad to ...

Loans are available, but there are new rules - Raleigh News & Observer
As borrowing has gotten more difficult, the number of vacant homes has climbed. In the second quarter of 2008, the number stood at 18,643. The Federal Reserve cut its leading interest rate Wednesday, but the ripple effect that usually comes from such ...