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News about Mortgages:
Lending system wracked with issues - Evansville Courier-PressINDIANAPOLIS — With the recession and its impact on the state budget at the forefront, Indiana lawmakers also are taking a hard look at Indiana's high mortgage foreclosure rate. For several hours on the Legislature's opening day Wednesday, an ...
Consumer borrowing plunges by $7.94 billion in November, record amount ... - Minneapolis Star TribuneI agree with jasper! If you have to borrow to buy it MAYBE you don't need it. You borrow to buy it then can't pay it back and it's the … read more start of a spiral down. GREED on everone's part is some of what caused this "economic crisis ...
Habitat provides shelter for families - News-StarLynn Sherman and her four sons — Justin, Tony, Jasper and Jacquis — will receive a January Christmas present which Sherman says will represent peace and harmony for her family. Sherman and her family are the recipients of a new home, courtesy of ...
Top 10 news stories for 2008 - Harrison Daily TimesIn the early morning hours of Feb. 6, Stephen Williams, 28, of Bryant left a Little Rock bar in his pickup. Witnesses said he was very drunk, even describing him as “out of it.” Click image to enlarge In fact, he was so “out of it” that he ...

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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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