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News about Mortgages:
Bank set to cut rates to record low - Reuters UKLONDON (Reuters) - The Bank of England looks set to cut interest rates by at least half a percentage point this week to their lowest level on record as it tries to prevent the economy sliding into a long and painful recession. Financial markets have ...
FEATURE-Pain, defiance in East Europe as strong euro takes toll - ForbesWARSAW, Jan 8 (Reuters) - From mortgage holders to travel agents, many East Europeans are feeling poorer this winter after their local currencies lost up to a quarter of their value against the euro over the past six months. The ex-communist region's ...
Thousands bankrupted over unpaid council tax - Times OnlineThousands of vulnerable people are being forced into bankruptcy as town halls use increasingly aggressive tactics to chase council tax arrears. Some households owing hundreds of pounds are saddled with debts in five figures as a result of such action ...
Indiana stocks took a beating in 2008 - Martinsville Reporter-TimesThe nation’s financial meltdown battered most of Indiana’s largest companies last year, costing some of them three-quarters or more of their stock value. Companies in the Bloomberg Indiana Index lost nearly half their value in 2008, although some ...
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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