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Let's skip biography and get to economy - Baltimore SunN o wonder both presidential candidates are promising change. Even the stupid don't need to be reminded that, yet again, it really is the economy that will dominate voters' concerns. Especially the last couple of days. After a fortnight of diverting ...
Mortgage troubles break more records - Traverse City Record-EagleWASHINGTON (AP) -- The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers ...
Mortgage-delinquency rate up in Ariz. - AZCentral.comMore people are falling behind on their mortgage payments in Arizona. New data released Friday show Arizona's mortgage-delinquency rate climbed to 6.05 percent at the end of this year's second quarter. That compares with 5.35 percent at the end of ...
Home loan troubles break records again - San Diego Union-TribuneWASHINGTON – The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers ...
U.S. home foreclosures hit record level, boosted by California - Los Angeles TimesThe decline of housing markets in California and Florida has led to record numbers of foreclosures and is causing even good borrowers to pay more for loans, according to analysis and statistics released Friday. To add to the bleak picture, the ...
Home loan troubles break records — again - Gainesville SunWASHINGTON — The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments. The Mortgage Bankers ...
R.I. foreclosure rate accelerates in second quarter - Providence JournalForeclosures accelerated nationwide during the second quarter, with an estimated 1,700 mortgages in Rhode Island falling into foreclosure proceedings, according to a national report released yesterday by the Mortgage Bankers Association in Washington ...
Foreclosures In Connecticut, Nation At Record Rate - Hartford CourantAs the subprime lending crisis continues to unfold, the rate of foreclosures and seriously delinquent home loans has reached its highest level on record for Connecticut and the nation as a whole. A report Friday from the Mortgage Bankers Association ...
Home foreclosures reach record high - ReutersNEW YORK (Reuters) - Home foreclosures and the rate of homes entering the foreclosure process rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday. "The national foreclosure numbers continue to be driven by the ...
U.S. home foreclosures reach record high - ForbesNEW YORK (Reuters) - U.S. home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the Mortgage Bankers Association said Friday. "The national foreclosure numbers continue to be driven by the hardest ...

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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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