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Global stocks tumble - MSN MoneyCentralLONDON (Reuters) - World stocks fell on Tuesday, erasing more than half of last week's gains, while oil hit a 3-1/2 year low and the yen and government bonds surged as concerns intensified about a deep global recession. Confirmation that the United ...
Rate portfolio before paying off mortgage - Baltimore SunQ: Should we pay off our mortgage? We have five years and $40,000 to pay down at a mortgage rate of 4.7 percent. The monthly payment is $675. We are both 67 and retired with a monthly income between Social Security and pensions of around $4,300. We ...
Drop jolts investors out of comfort zone - New Zealand HeraldThe 1.5 percentage point drop in the official cash rate is expected to force investors and retirees out of their comfort zones as they look for ways to maintain income levels in the falling interest-rate environment. While mortgage-holders celebrated ...
Banking trends mix comfort with pain - St. Petersburg TimesLet's call it the good, the bad and the ugly side of banking. Mortgage rates are dropping. That's good because lower mortgage rates make already-cheaper housing more affordable. For existing homeowners, lower rates can mean an opportunity to ...
First Mortgage Supports LIFT Scheme - PR.comEdinburgh, United Kingdom, November 29, 2008 --( PR.com )-- It’s harder than ever to get a foot on the housing ladder but First Mortgage is one organisation that is committed to offering first-time buyers a chance to own and afford their own homes ...
Paulson Calls a Bottom in the Mortgage Market - Motley FoolIf you were hoping to find out what Treasury Secretary Hank Paulson thinks about the mortgage market, I can’t help you -- I was referring to a different Paulson. Not to worry, though; “my” Paulson -- whose first name is John -- is a more ...
Desperate Times, Desperate Policies - ForbesAwful news has greeted Americans in recent days: free falling consumption spending, collapsing new home sales, falling consumer confidence, very high initial claims for unemployment benefits, collapsing orders for durable goods. It is hard to get any ...
US Treasury and the Fed: too close for comfort? - Christian Science MonitorEconomic historians must see the actions of today's Federal Reserve as strange. "Very, very unusual," says Allen Sinai, chief economist of Decision Economics, an economic consulting firm. "Unprecedented … uncharted." The nation's central bank has ...
US STOCKS-Futures drop on gloomy company outlooks - ForbesAdding to the gloom, Freeport-McMoRan Copper & Gold Inc suspended its dividend payouts, cut its 2009 capital expenditure budget and slashed its copper output. Caution hung over the market before data that may show further deterioration in the labor ...
Stock futures drop on gloomy company outlooks - Boston GlobeNEW YORK (Reuters) - Stock index futures fell on Wednesday after Research In Motion Ltd
, a technology bellwether, slashed its outlook, compounding investors' fears about the deepening economic slump. Adding to the gloom, Freeport ...

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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