Portage Mortgage Rates and Information Online from competing Lenders

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News about Mortgages:

General Growth gets loan reprieve on $900M debt - Honolulu Star-Bulletin
WASHINGTON » Shopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions ...

Tallian eyes mortgage bill - Post-Tribune
A local legislator is taking aim at the mortgage crisis with a bill she hopes will give Indiana homeowners the tools to keep their homes. State Sen. Karen Tallian, D-Portage, is working on legislation to help people having trouble with monthly ...

Two big banks cut mortgage rate - Edmonton Sun
TORONTO -- Two of Canada's big banks are cutting mortgage rates on a variety of terms, reflecting a drop in borrowing costs in the bond market, where banks finance their mortgage lending. The Royal Bank of Canada said yesterday it is cutting rates ...

Bush ignored financial warnings - Edmonton Sun
WASHINGTON -- The Bush administration ignored remarkably prescient warnings that foretold the financial meltdown, a review of regulatory documents shows. "Expect fallout, expect foreclosures, expect horror stories," California mortgage lender Paris ...

Banking blues - Ottawa Sun
As the worsening economic crisis threatens to leave ordinary Canadian families jobless, if not homeless, let us all shed a tear for the unimaginable suffering of the nation's beloved Big Banks. The Royal Bank of Canada (RBC), for instance, announced ...

Quiet day on TSX - Ottawa Sun
The energy sector was behind 1.2 per cent as the near-month crude oil contract slipped $3.73 to close at US$50.77 per barrel on the New York Mercantile Exchange. The Canadian dollar rose 0.63 cents to 81.63 cents US after surging 2.7 cents Monday. In ...

Firstwatch: What's ahead in the news today - Milwaukee Journal Sentinel
Nov. 25, 2008 | A 29-year-old Milwaukee man who was killed in a crash in West Allis this morning has been identified by the Milwaukee County medical examiner's office as Michael W. Cook. West Allis authorities were investigating whether ice might ...

State bank profits plummet - Milwaukee Journal Sentinel
Nov. 25, 2008 10:30 a.m. | One of every six Wisconsin banks posted a loss in the third quarter, figures released Tuesday by regulators show. Although that's better than banks nationally - nearly one in four in the U.S. didn't make a profit in the ...

Akron-area home sales rise as prices fall - Akron Beacon Journal
Home sales increased in the Akron area for the second straight month compared to a year ago, October sales figures show. A national housing survey, meanwhile, said the value of Akron-area homes fell more than 3 percent for the three months ending ...

Ottawa boosts mortgage buyout by $50B - Edmonton Sun
TORONTO — The federal government will buy another $50 billion in residential mortgages to ease the credit crunch facing Canadian banks, Finance Minister Jim Flaherty said Wednesday. The move triples the amount of insured mortgages Ottawa can buy ...

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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