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News about Mortgages:

Bailout goes from necessary to nightmarish - Atlanta Journal Constitution
That $700 billion financial sector bailout that I supported — and do still, but with an exit strategy — is a nightmare in the making. Look what’s happened since the first of the month: Atlanta Mayor Shirley Franklin, smelling a bailout handout ...

Cities paying more to borrow money - Minnesota Public Radio
The DECC complex in Duluth is being expanded. On the right is the arena, used for conventions and shows, concerts and UMD Hockey. The new arena will give UMD a new, larger home for hockey, while providing a larger space for concerts. On the left is ...

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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