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Savers go back to the bricks of old - Financial Times
Traditional building societies are undergoing a remarkable resurgence as savers look for a trusted local home for their money. October was a record month for deposits at many small mutuals as people fled banks in the wake of the near collapse of ...

Commercial financing tightens - Times Herald-Record
Peggy and Eric Fuentes had no trouble last January getting a commercial loan from their local bank to build a new day-care center in the Town of Wallkill. They had spent months developing a detailed business plan, analyzing the local market and ...

Reading service in need of home - Akron Beacon Journal
After years of financial setbacks and legal problems, the local reading service for the blind is facing what may be its biggest hurdle. The not-for-profit organization is poised to be evicted in the next few weeks from its home in a former roller ...

Al Qaeda leader mocks Obama in Web posting - CNN
(CNN) -- Al Qaeda's No. 2 leader is heard in a Web posting Wednesday warning President-elect Barack Obama that "a heavy legacy of failure and crimes awaits" him. Al Qaeda leader Ayman al-Zawahiri mocked President-elect Barack Obama in an Internet ...

Banks must pass on interest cut, says Wales TUC - News Wales
A warm welcome came from the Wales TUC this afternoon to news that the Bank of England has cut interest rates by 1.5% in an attempt to rescue the economy from recession. Burt the real challenge is to ensure that these cuts are passed on to both ...

Con man raked in $115,000 - Mansfield News Journal
CINCINNATI -- Fedel James was many things to different people. To Greenhills' Howard Jones, James was an author and business partner who was going to help make both of them rich. To National City Bank, he was a valued customer with a business account ...

AIG Asset Sales Stoke Anxiety in Stowe, Vermont Resort It Built - Bloomberg
Oct. 23 (Bloomberg) -- A 140-foot crane swings over the bare plywood roof of a private clubhouse under construction at the foot of Mt. Mansfield, Vermont's highest peak. In another building, crews install electrical wiring on a tight deadline: Stowe ...

Richland County Foundation Awards Grants - WMFD
The Richland County Foundation Board of Trustees granted more than $103,000 for community needs during the board's regular October meeting. The largest amount, $35,000, went to Catholic Charities for emergency services to assist struggling residents ...

Homeowners to miss out as tracker loan providers refuse to cut rates ... - Times Online
Thousands of borrowers will miss out on cheaper mortgage bills because some of the biggest lenders prohibit interest rates on their tracker loans from falling below a minimum threshold. Economists say interest rates could fall in the coming months as ...

Couple committed suicide after hospital theft discovered - Mansfield News Journal
CLEVELAND (AP) -- A woman and her husband committed suicide after a hospital discovered the couple stole $4 million in a seven-year fraud scheme, executives said Tuesday. The money was twice the amount of an earlier estimate. St. Vincent Charity ...

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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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