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Financial Fears: Don't Panic, Analysts Say - Wbaltv.com
BALTIMORE -- Many Americans who are worried about the unfolding financial crisis got more bad news from a financial guru after he told millions of viewers to abandon their investments. CNBC's "Mad Money" Host Jim Cramer went on The Today Show Monday ...

Bailout passes Senate, House foes soften - KING-5
WASHINGTON, D.C. - After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened. Senators ...

How to solve the crisis - bbc
It's into the dangerous land of hubris that I'm going to stray today. I have a plan (perhaps better than a Baldrick-style cunning one) that might just ease the credit-crunch pressure in the UK and help to fill the UK's yawning pensions hole, the ...

Aussie banks to ride out storm, says David Murray - The Australian
FORMER Commonwealth Bank chief David Murray has declared the investment banking model "broken", warning the Australian financial sector will pay for Wall Street's excesses even though local banks are well-placed to ride out the storm. Speaking after ...

Altria buys UST for $10.3B - CNN Money
RICHMOND, Va. (AP) -- After failing to grab much consumer attention for its own smokeless tobacco products, Altria Group said Monday it would buy the maker of Skoal and Copenhagen for about $10.3 billion. Altria's acquisition of UST will give it a ...

Altria to buy smokeless tobacco maker - MSNBC
NEW YORK - After failing to grab much consumer attention for its own smokeless tobacco products, Altria Group said Monday it would buy the maker of Skoal and Copenhagen for about $10.3 billion. Altria’s acquisition of UST will give it a strong ...

Altria Group Buys UST For About $10B - CBS News
(AP) Altria Group Inc. said Monday it will buy UST Inc. for nearly $10 billion in a deal that will give the maker of Marlboro cigarettes access to the smokeless tobacco market with the Skoal and Copenhagen brands. Richmond, Va.-based Altria said it ...

Company Bond Sales May Reach $25 Billion on Bailout (Update1) - Bloomberg
Sept. 22 (Bloomberg) -- Companies shut out of the capital markets as credit froze may attempt to unleash a flood of debt after the U.S. government's plan to buy troubled assets from banks caused yield premiums to shrink the most on record. Corporate ...

Gone Are The Loans Of Yesteryear - WUSA
WASHINGTON, DC (WUSA) - Gone are the no money down loans from a few years ago which means more first time home-buyers and people looking to start a business may be turned away by the banks. "I wish I would've bought when I first got here because now ...

Fannie Mae, Freddie Mac takeovers may ease loan availability - Ann Arbor News Blog
The government's takeover of mortgage giants Freddie Mac and Fannie Mae has consumers and those in the financial markets buzzing this week. Gibran Nicholas, chairman of the Ann Arbor-based CMPS Institute, explains how it affects consumers. The CMPS ...

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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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