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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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Davidson mortgage rates news:

Dow Jones ends day below 10,000 - MSNBC
The Dow Jones industrials fell as low as 800 points, setting a new record for a one-day point drop. NEW YORK - Wall Street suffered through another extraordinary and traumatic session Monday, with the Dow Jones industrials plunging as much as 800 ...

Stocks to struggle despite rescue plan - Boston Globe
NEW YORK (Reuters) - Wall Street's mood will likely remain dark this week as fallout from the credit crisis continues to corrode the U.S. economy and questions linger about the likely effectiveness of the newly passed bailout plan in shoring up the ...

RPT-Wall St Week Ahead: Stocks to struggle despite rescue plan - Forbes
NEW YORK (Reuters) - Wall Street's mood will likely remain dark this week as fallout from the credit crisis continues to corrode the U.S. economy and questions linger about the likely effectiveness of the newly passed bailout plan in shoring up the ...

Wall Street tumbles amid global sell-off - San Diego Union-Tribune
House Oversight and Government Reform Committee Chairman, Rep. Henry Waxman, D-Mich, right, talks with committee ranking member Rep. Tom Davis, R-Va., during a hearing on Capitol Hill in Washington, Monday, on the collapse of Lehman Brothers ...

Stocks decline amid global worries credit crisis is spreading; Dow ... - Newsday
NEW YORK (AP) _ Financial markets took a bleak view of the future Monday, seeing contagion in a credit crisis that threatens to cascade through economies globally despite government efforts to provide relief. The Dow Jones industrials skidded around ...

Dow tumbles 600, below 10,000, amid global sell-off - Chicago Tribune
Despair about a weakening global economy is sweeping across Wall Street, propelling the Dow Jones industrials down more than 700 points. Investors around the world have been selling off stocks as they come to realize that financial systems in the ...

Dow plunges 700 points amid global sell-off - San Francisco Gate
Despair about a weakening global economy is sweeping across Wall Street, propelling the Dow Jones industrials down more than 700 points. Investors around the world have been selling off stocks as they come to realize that financial systems in the ...

U.S. Stock Futures Decline After Global Credit Crunch Deepens - Bloomberg
Oct. 6 (Bloomberg) -- U.S. stock-index futures dropped after bank bailouts in Europe widened and lower crude prices weighed on oil companies, deepening concern that credit-market losses will worsen a global economic slowdown. Bank of America Corp ...

U.S. Stocks Decline, Dow Industrial Average Falls Below 10,000 - Bloomberg
Oct. 6 (Bloomberg) -- U.S. stocks dropped, driving the Dow Jones Industrial Average below 10,000 for the first time in four years, after bank bailouts in Europe widened and commodities companies tumbled on concern global growth is slowing. Equities ...

Dow industrials plunge 500 amid global sell-off - Boston Globe
NEW YORK— Wall Street is plunging, with the Dow Jones industrials down more than 500 points amid growing fears that the credit crisis is spreading around the world. Investors are realizing that the Bush administration's $700 billion rescue plan won ...