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News about Mortgages:
Seven Better Uses For $700 Billion - ForbesWall Street's crisis is about to become Main Street's crisis, as bank credit freezes and loans dry up. The government's fix: $700 billion to buy up the bad loans choking the system. It's a monster plan, but there's little choice, according White ...
Election Day nearing for Yuma voters - Yuma Daily SunAs Election Day nears, Yuma County voters have a lot of important propositions and candidate races to consider, according to the county elections officer. Sue Stallworth said she expects this year's turnout in the county to be one of the highest ever ...
Bush Opens Roadless Tongass National Forest to Logging - Common DreamsThis move by Bush officials to reverse roadless area protections parallels two others made recently in national forests located in Idaho and Colorado. Conservationists from across the country are indignant that roads will be punched through some of ...

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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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