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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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Williamson mortgage rates news:

Australia May Cut Rate by Half-Point for First Time Since 2001 - Bloomberg
Oct. 7 (Bloomberg) -- Australia's central bank will probably cut its benchmark interest rate by a half point, the biggest reduction in more than seven years, to cushion the nation's economy against fallout from slowing global growth. Governor Glenn ...

Australia central bank stuns with 1 percent rate cut - International Herald Tribune
Australia's central bank stunned investors with its biggest interest rate cut in 16 years on Tuesday, lifting Asian markets on speculation other central banks would follow suit in a possibly coordinated move to combat the global credit crisis. The 1 ...

Australia c.bank stuns with 1 pct rate cut - Forbes
SYDNEY, Oct 7 (Reuters) - Australia's central bank stunned investors with its biggest interest rate cut in 16 years on Tuesday, lifting Asian markets on speculation other central banks would follow suit in a possibly coordinated move to combat the ...

Odds on for 6.5% rates - The Age
The Reserve Bank will probably cut its benchmark interest rate by a half point, the biggest reduction in more than seven years, to cushion the nation's economy against fallout from slowing global growth. Governor Glenn Stevens will lower the ...

Nats trump Labour's tax package - Stuff
TAX PACKAGE: National leader John Key says the party's medium term goal is to reduce the top tax rate to 33 per cent. National will deliver tax cuts worth $47 a week to workers on the average wage of $45,000 - most delivered in April 2009. Announcing ...

No bank bailouts: Flaherty - Globe and Mail
Canadian financial services industry is solid and solvent, says the finance minister, while admitting that credit is tight ... Read the full article Conservatives Lie from Canada writes: No one believes Mr. Flaherty, Mr. Harper and the Conservatives ...

The kindest cut of all - Brisbane Times
HOMEOWNERS will receive the biggest single reduction to their mortgage payments in 16 years after a worried Reserve Bank slashed interest rates by one percentage point yesterday to shield the economy against the global financial crisis. None of the ...

Phil Gardner from Canada writes: - Globe and Mail
And then there's the poll out today that says the Conservatives are still within a serious striking disance of the Majority that Harper covetts so much. The real story here is what a Harper Majority would be able to do. If you want the economy to ...

Defensive Harper stands by economic plan - Globe and Mail
Cadillac Rancher from VOTE STRATEGICALLY to Keep Cons OUT - www.voteforenvironment.ca, writes: . Harper's capitalist fundamentalism is wrong for tough economic times. We've been down this road before with the heartless and ideological Conservative ...

Hysterical shareholders bail from market - News.com.au
INVESTORS are bloodied and bruised after one of the most dramatic days on the Australian market in years. Brokers reported hysterical shareholders trying to dump stock and cut their losses as the market closed at its lowest level in nearly four years ...