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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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Raleigh mortgage rates news:
Financial News
Fitch Affirms HomEq's Resi Servicer Ratings - PR Inside
--The primary servicer rating for Subprime product affirmed at 'RPS1;' --The primary servicer rating for Alt-A product affirmed at 'RPS1;' --The special servicer rating affirmed at 'RSS1'. The servicer rating affirmations are based on the continued ...

Wilmington businesses hit hard by economic downturn - Star News Online
There were only two vehicles left Friday on the Bruce Cavenaugh AutoPalace car lot at 6405 Market Street. Less than a month ago Bruce Cavenaugh closed his AutoMart store at 6321 Market Street, laying off 18 employees. A prominent business in Leland ...

Job prospects weaken in WNC - Asheville Citizen-Times
ASHEVILLE – Ray Denny, chief industrial recruiter for the Economic Development Commission for Asheville-Buncombe County, is making more friends than deals these days. Students at Western Carolina University have more of an incentive than usual to ...

No regular session - Stateline
Several key issues were left on the table as squabbling Alabama legislators — widely criticized last year for their lack of productivity — could not put their differences aside. It even took an $110,000 special session to pass an education budget ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...

November 2008 - Posts - MSNBC Firstread
Democratic sources say that former Bush 41 National Security Adviser Brent Scowcroft is one of the people whom Barack Obama has been consulting about how to craft his national security team. Knowledgeable sources say Obama reached out to Scowcroft ...

What low rates mean to you - Akron Beacon Journal
Last week, the Federal Reserve cut interests rates for the sixth time this year in its efforts to restrain the credit crisis. The move that reduced the rate to 1 percent was a plus for Wall Street, which was up 10.1 percent last week. But what have ...

Don't let low mortgage rates tempt you - Raleigh News & Observer
Story Tools If we've learned just one thing in recent years, it's this: If it looks too good to be true -- it's probably a subprime mortgage rate that's going to balloon soon after you turn the key. That's what hundreds of thousands of homeowners and ...

North Carolina, Raleigh-Cary foreclosure rates drop in September - WRAL
Raleigh, N.C. — North Carolina’s housing market, especially in the Raleigh-Cary metropolitan area, improved sharply in September with home foreclosures dropping nearly 17 percent from August. Real estate analysis firm RealtyTrac reported Thursday ...

Morning Briefing - Raleigh News & Observer
Story Tools Former GE chief mutes criticism of successor HARTFORD, Conn. -- Former General Electric chief executive Jack Welch backed away from comments he made the previous day criticizing his successor for missing earnings targets. "Nothing ...

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