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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

Lincoln home equity loans news:

Mighty have fallen as automakers ask government for $34 billion - MLive.com
Press Photo/Mark Copier A Barber Ford sales representative assists a customer shopping for a pickup in the Holland dealership's showroom. DETROIT — Once considered the world's mightiest industrial company, General Motors Corp. has told Congress it ...

Detroit Selling Cuts, Green Cars in Aid Push - Smart Money
NEW YORK (Dow Jones) -- The Big Three auto makers will submit recovery plans to Congress on Tuesday that emphasize cost-cutting, downsizing and renewed emphasis on higher-mileage cars in a bid to win support for a federal bailout. Ford Motor Co ...

Many want pay based more on performance - Fort Wayne Journal Gazette
In 2007, as their companies started to falter, many executives were getting increases to compensation packages that already paid more in a day than most Americans make all year. Take Brian F. Roberts, chairman and CEO of Philadelphia-based Comcast ...

Auto slump hits hard in car-mecca California - Sacramento Bee
The Saturn dealership, closed two weeks ago, is still jammed with cars; signs at the curb promote a red-tag sale. The Ford dealership, closed since June, sits empty, stripped clean. These are terrible times for the auto industry, and the impact shows ...

Ford to 'Aggressively Restructure,' Seeks $9 Billion in Bridge ... - Wall Street Journal
Ford Motor Co. unveiled a plan to turn around its operations, emphasizing cost-cutting steps and improved fuel economy of its fleet, as the auto maker seeks $9 billion in bridge financing from the federal government amid decades-low sales and credit ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Warren Buffett: Once again, the Oracle of Omaha tops the list of winners, striking a similar deal with General Electric as the one he signed ...

Developer caught in banks’ line of credit squeeze - Boston Business Journal
Roy S. MacDowell Jr., a wealthy real estate developer linked to major projects throughout the country, is getting a firsthand look at how ugly the credit crunch has become. Lenders, including two major banks and construction magnate John F. Fish, are ...

Ford tells Congress it may be able to go it alone - Motley Fool
Ford Motor Co. is asking Congress for a $9 billion "stand-by line of credit" to stabilize its business, but says it doesn't expect to tap it. Unless one of Detroit's other Big Three auto companies goes bust, Ford expects to have enough money to make ...

Letters, 11/25: Face the consequences - Lincoln Journal Star
Why should homeowners who are behind on their mortgage payments be helped by the government or banks to avoid foreclosure? If you are going to spend money you don’t have, you should have to suffer the consequences. My parents have made every ...

Bushes Planning a Move to Dallas - ABC News Blogs
ABC News Ann Compton Reports: President and Laura Bush are moving to Dallas once they leave the White House, the First Lady said on Wednesday. Laura Bush confirmed that she and the President are buying a house in Dallas, about two hours from his ...