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EU, Australia toast new wine deal - Lexington Herald-LeaderBRUSSELS, Belgium -- The European Union and Australia signed an agreement Monday that will protect such European names as "Champagne" in Australia while further opening European markets to wines from Down Under. The deal will give geographical ...
TransUnion: 3Q mortgage delinquencies shoot higher - PR InsideNEW YORK (AP) - The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC. For the quarter ended Sept. 30, 3.96 percent of ...
GRAUER: Government finances look like one big sub-prime mortgage - Rocky Mountain NewsIf you think the current mortgage-related sub-prime meltdown has been bad, you haven’t seen anything yet. The current state of the federal government’s finances looks suspiciously like the mortgage sub-prime mess. We need to learn from the ...
White House ignored meltdown warnings - Times UnionWASHINGTON — The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...
Italy approves euro80 billion relief package - Associated PressMILAN, Italy (AP) -- The Italian government on Friday announced an euro80 billion ($103.2 billion) emergency package offering relief to banks, families and companies suffering in the global economic crisis. The package, which is part of a proposed ...
Housing: Government to underwrite mortgage loans - Scotsman.comortgages are packaged up and sold by lenders to raise money, has been a key factor in the drying up of mortgage funding. Ministers need European Union approval before implementing the scheme. But, the delay could be costly, the Council of Mortgage ...
Government plans new credit, mortgage programs - Times UnionWASHINGTON -- The government introduced a pair of new programs Tuesday that will provide $800 billion to help unfreeze the market for consumer debt and to make mortgage loans cheaper and more available. The new programs from the Federal Reserve and ...
Week in Review - Sunday, Nov 30 - Delaware OnlineSecret 'superchecks' let state police look at mental health records. WASHINGTON -- When the government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They're also potentially on the hook for tens ...
Lower US Mortgage Rates Lift Application Demand - CNBCLower U.S. mortgage rates lifted demand for mortgage applications last week, a trade group said on Wednesday, and demand should escalate after a new broad-brushed government plan to support the housing markets. With average 30-year fixed loan rates ...
Almunia Pledges to Uphold EU Budget-Deficit Rules (Update2) - BloombergDec. 2 (Bloomberg) -- European Union Commissioner for Monetary Affairs Joaquin Almunia pledged to enforce the bloc’s rules that limit the size of budget deficits as finance ministers clashed over how much fiscal stimulus they can afford. Finance ...

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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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