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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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Iron refinance mortgage news:
Financial News
Daily Report - Baton Rouge Business Report
Future System Advisors has been awarded the first patent for a form of life insurance, a move that could generate billions of dollars in royalty payments for the company. "This is having a much bigger effect than I ever thought it would have," Future ...

Market Report: Rio looks grand on boost to debt position - The Independent
The miner Rio Tinto traded higher in line with the wider sector yesterday amid growing confidence in the company's long-term debt position. The stock lagged behind its peers earlier this week after BHP Billiton decided to pull its merger proposal ...

Birmingham Mayor Larry Langford Faces Bribery Charges (Update2) - 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 ...

More Business - San Francisco Gate
Neighborhoods with affordable home prices, a historical popularity with minority home buyers, and a lot of new construction have been more prone than others to spikes in foreclosures, according to a Chronicle analysis of housing and census data ...

This global financial crisis needs a global solution - Daily Telegraph
What is Plan B? As stock markets continued to plummet yesterday and the flow of credit remained frozen, the awful realisation began to dawn on governments around the world that they had fired most shots in their locker - and nothing had happened ...

CB Richard, Legg Mason, Liz Claiborne, Tyco: U.S. Equity Movers - Bloomberg
Nov. 11 (Bloomberg) -- The following companies had unusual price changes in U.S. trading . Stock symbols are in parentheses, and share prices are as of 4 p.m. in New York. Life insurers retreated after Goldman Sachs Group Inc. reduced its rating on ...

Dirty secrets of the real estate collapse - News & Review
There’s lots of blame going around for this economic crisis. Lots of experts are scrambling for the politically correct reason of the week—first for the real estate collapse, now for the global economic meltdown. How we got here was simple: too ...

China syndrome: Free tree was a bad deal - Zanesville Times Recorder
With all the discussions about the election, economic bailout and global recession, I do not hear any talk about free trade. This is difficult to understand as it was the single greatest contributing factor to the huge shift of jobs from the U.S. to ...

Apartment building owner asks to forgive $1M loan - Hawk Eye
City officials are as much in the dark as the tenants who were evacuated during June flooding as to when they can return to the Burlington Apartments. "I can't tell you when they will be allowed to go back," City Manager Doug Worden said at Monday's ...

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