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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

Montgomery mortgage rates news:

Bailouts aim to loosen credit - Montgomery Advertiser
WASHINGTON -- Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit cards, auto loans, mortgages and other borrowing. Total ...

Wall Street climbs for 5th straight day - Montgomery Advertiser
NEW YORK -- Wall Street climbed again Friday, wrapping up its biggest five-day rally in more than 75 years, even as investors digested signs of a bleak holiday season for retailers and fears that a flurry of reports next week will show more eco ...

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 ...

Birmingham Mayor Larry Langford Faces Bribery Charges (Update1) - Bloomberg
Dec. 1 (Bloomberg) -- Birmingham, Alabama’s mayor was charged with bribery and money laundering in connection with municipal bond and derivative deals while he was president of the Jefferson County Commission, according to an indictment unsealed ...

Governor fights to settle debt - The Washington Times
BIRMINGHAM , Ala. | Gov. Bob Riley, a Republican, negotiated with creditors Friday over whether Alabama's largest county should seek a deal on its $3.2 billion sewer debt or file the largest bankruptcy in U.S. history. The meeting - held at the ...

Inaugural housing? Let's make a deal - Gazette
Some companies and area residents are eyeing the presidential inauguration as their economic stimulus package-come-a-calling. Expectations that thousands of visitors in need of bed, board and services will be arriving for the inauguration of Barack ...

S&Ls' Not-So-Wonderful Life - Investors Business Daily
Savings and loan banks have a reputation of being a vital part of the communities they serve. Think of good-hearted savings banker Jimmy Stewart in the holiday classic "It's a Wonderful Life." S&Ls, also called thrifts, are going to need all the ...

Deutsche Bank, Total, Lone Star, Porsche, Shell in Court News - Bloomberg
Dec. 2 (Bloomberg) -- Deutsche Bank AG , Germany's biggest bank, sued three Highland Capital Management LP funds for more than $70 million over missed margin calls on commercial real- estate-backed securities. Deutsche filed the lawsuit in London ...

Embrace the deficit now - The Australian
IN different circumstances a healthy suspicion of government deficits and debt is desirable, and will be so again in the future. But in the midst of a rapidly worsening global economic crisis, the political clash between Kevin Rudd and Malcolm ...

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 ...