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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

Jackson mortgage rates news:

Bernanke: lower interest rates are ‘‘feasible’’ - Jackson Sun
WASHINGTON — Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are ‘‘certainly feasible,’’ but he warned there are limits to how much such action would revive an economy likely to stay weak well into next ...

Home Front: Foreclosed Sacramento property to sprout new houses - Sacramento Bee
At last, Home Front has found a more pleasant way to tell a foreclosure story. When Golden 1 Credit Union recently foreclosed on a 1-acre property near Rio Linda, it didn't just put it back on the market at a big loss. California's biggest credit ...

Jackson County unemployment hits 9.4 percent - MLive.com
The number of unemployed in Jackson County rose 37 percent in the past year, hitting an unemployment rate reminiscent of the early 1990s. There were 7,100 county residents without jobs in October — 1,900 more than at this time last year, according ...

Southern New Jersey counties suffer state's worst unemployment rates - Atlantic City Press
Atlantic, Cape May and Cumberland counties experienced the highest unemployment rates in the state in October, suggesting that area workers are poised to suffer through a harsh winter economically. The region's unemployment rate this time of year is ...

Gaston among a dozen counties with jobless rates above 9 percent - Gaston Gazette
Gaston County's unemployment rate jumped by the largest percentage of any North Carolina county from September to October - an increase of 1.4 percent. With a total workforce of 103,447 in October, 9.1 percent of Gaston County workers were jobless ...

Treasury Yields Drop to Record Lows as Bernanke Cites Buybacks - Bloomberg
Dec. 1 (Bloomberg) -- Treasuries rose, pushing yields to record lows, as Federal Reserve Chairman Ben S. Bernanke said the central bank may purchase Treasuries and target long-term interest rates to combat the deepening recession. Bonds rallied for a ...

Register for FREE - Wall Street Journal
Contrary to the assertions of critics, the evidence does not support the view that the CRA (Community Reinvestment Act) contributed in any substantial way to the crisis in the subprime mortgage market,” Federal Reserve governor Randall Kroszner ...

The Madness of Crowds - Commentary Magazine
Fueled by easy credit, the real-estate market had been rising swiftly for some years. Members of Congress were determined to assure the continuation of that easy credit. Suddenly, the party came to a devastating halt. Defaults multiplied, banks began ...

US corporate debt market shows signs of life - Reuters
NEW YORK, Dec 3 (Reuters) - A flurry of small debt sales by U.S. non-financial companies has emerged in the past two days, raising hopes that the bond market is returning to life. The past week has seen few issues outside of the financial sector ...

Best Cities For Trapped Homeowners - Forbes
By 2006, it was clear the Phoenix real estate bubble had burst. That's when both tract homes in the exurbs of Maricopa County and high-end condos in Paradise Valley began falling into foreclosure. And as prices dropped, homeowners panicked and ...