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Martin Hughes: City rottweiler who bit off more than he could chew - Times Online
AT the October Club charity dinner held in London’s Savoy hotel last autumn, Martin Hughes had a lot on his mind. The hedge-fund manager did not take part in the auction, as he had done in previous years. Nor did he pay close attention to how much ...

Homeowners targets of scam - Honolulu Advertiser
The FBI is investigating several local companies that allegedly bilked homeowners out of more than $300,000 on O'ahu, the Big Island and Maui with false promises to help them avoid foreclosure, according to local lenders and law enforcement officials ...

Good health of pensioners makes bad news for L&G - Times Online
Legal & General fell 2.3p to 70.2p against a rising insurance sector yesterday over worries about its exposure both to toxic assets and to healthy pensioners. JPMorgan analyst Andrew Hughes believes that the insurer will have a “rough ride” when ...

People in Business - Nashville Tennessean
Dwight Faircloth, affiliate broker and auctioneer, has joined Red Realty located at 522 Uptown Square in Murfreesboro. Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A., and John Wieland Homes and Neighborhoods Inc. have agreed to the ...

Leuer's 19 points leads No. 25 Wisconsin - Buffalo News
Reserve Jon Leuer scored 19 points to lead No. 25 Wisconsin to an 88-58 victory over Southern Illinois-Edwardsville on Tuesday night. Marcus Landry added 15 points for the Badgers (2-0), while Jason Bohannon had 14 and Trevon Hughes 11, even though ...

New Jersey foreclosure rate intensified in October - Newark Star-Ledger
The level of foreclosure activity in the state continued to intensify last month, showing a dramatic 75 percent increase over last year, even as the number of properties actually going to auction dropped off slightly. Foreclosure filings on 8,473 ...

Deadbeat Trend: Distressed Homeowners Dodge Creditors in Texas - US News and World Report
If you’re behind on your mortgage and looking to dodge creditors, forget the Cayman Islands--Texas is the place to be. Texas laws are apparently more lenient for debtors looking to shield assets form creditors. “Distressed borrowers can hang on ...

Deadbeat Homeowners Tap Texas Bankruptcy Laws to Duck Creditors - Daily Business Review
omeowners fleeing underwater mortgages in California and Florida know where to come up for air: Texas. “Texas is an extremely friendly place to live if you owe money and do not want to pay,” said Marjorie Britt, a bankruptcy attorney with Britt ...

Area home prices dip 3.9% over 3rd quarter - Asbury Park Press
With the economy suffering its worst crisis in decades, home prices in the area that includes Monmouth and Ocean counties declined 3.9 percent in the third quarter of the year, the National Association of Realtors said Tuesday. The median sales price ...

Area's unemployed get place to meet for mutual support - Inside Bay Area
These days, with the nation's economy in a slump, jobs are increasingly hard to find and the number of those unemployed continues to grow. In Silicon Valley, for example, the announcement of layoffs by tech firms and other companies has become ...

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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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