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News about Mortgages:
'HOUSEtrap!': Who Set It? and How to Escape from America's Mortgage ... - ForbesCORONA, Calif., Oct. 3 /PRNewswire/ -- Political leaders from the President of the United States, the Chairman of the Federal Reserve, the Treasury Secretary and both Houses of Congress are working frantically to avoid the biggest economic train ...
Notes from ground zero of the housing crisis - Minneapolis Star TribuneCounterpoint: Electoral College serves a purpose Minnesota's economic fundamental: education Good morning: Tuesday, Oct. 7 Netlets for Monday, Oct. 6 Letters to the editor for Tuesday, Oct. 7 FORT MYERS, FLA. – Foreclosure bus tours are popular ...
Wells could win 75-80 pct Wachovia deposits-source - Guardian UnlimitedWells Fargo and Citigroup are locked in an intense battle for Wachovia, a bank that has been hobbled by the mortgage crisis, but has a valuable network of branches. Citigroup said on Sept. 29 it had preliminarily agreed to buy Wachovia's banking ...
UPDATE 3-Wells could win 75-80 pct Wachovia deposits-source - ReutersNEW YORK, Oct 7 (Reuters) - Wells Fargo & Co (WFC.N: Quote , Profile , Research , Stock Buzz ) is likely to get about 75 to 80 percent of Wachovia Corp's (WB.N: Quote , Profile , Research , Stock Buzz ) deposits, while Citigroup Inc (C.N: Quote ...
Straight from the House's mouth: Why the bailout bill failed - CNN(CNN) -- President Bush, Treasury Secretary Henry Paulson and the leadership of both parties pushed for a $700 billion financial bailout plan intended to shore up the nation's lenders. Such consensus is rare these days in American politics, but the ...
Did God Want You to Get That Mortgage? - TimeHas the so-called Prosperity Gospel turned its followers into some of the most willing participants — and hence, victims — of the current financial crisis? That's what a scholar of the fast-growing brand of pentecostal Christianity believes ...
Yen Falls From Near 3-Year High as Fed to Buy Commercial Paper - BloombergOct. 7 (Bloomberg) -- The yen dropped from near a three- year high against the euro as the Federal Reserve's announcement that it will buy commercial paper encouraged investors to resume buying higher-yielding assets funded in Japan. The greenback ...
2 firms selected for mortgage securities program - Rapid City JournalWASHINGTON - The Treasury Department has picked two financial institutions to manage a program it unveiled last month to provide support for beleaguered mortgage-backed securities. The government announced Friday it was hiring Barclays Global ...
Congress scolds former AIG executives over crisis - Rapid City JournalWASHINGTON - Executives at American International Group Inc. hid the full range of its risky financial products from auditors as losses mounted, according to documents released Tuesday by a congressional panel examining the chain of events that ...
WHEDA suspends lending - Milwaukee Journal SentinelWisconsin’s affordable-housing agency has temporarily stopped issuing mortgages for single-family homes because it’s having trouble raising the money needed to make the loans — a situation it said is a direct result of the national financial ...

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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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