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Firm reviews mortgages - East Valley Tribune
Aiming to help misinformed home buyers, U.S. Mortgage Watchdog, a new Ahwatukee Foothills-based business, opened this week. The company offers services to homebuyers and people looking to refinance home loans, including counseling of clients, many of ...

Ex-mortgage broker sentenced to prison - East Valley Tribune
A former Phoenix mortgage broker was sentenced to 42 months in federal prison for bilking four senior citizens out of more than $400,000 in a residential mortgage loan operation scam. Rick Thomas McCullough, 36, also will receive seven years ...

The downturn and the state of banking - Napa Valley Register
The current economic situation is unlike any other America has experienced in the last 70 years. In essence, it’s the perfect storm: a combination of the housing crisis, investment bank turmoil and an economic downturn that together are creating an ...

Adult children moving back home with parents - Los Angeles Times
Donald Garcia, 35, and his wife, Augustine, were living in a Burbank apartment when Augustine's mother approached them for help. She had refinanced her three-bedroom Tujunga home a year and a half earlier with an interest-only loan, and what had been ...

Man Gets Prison In Mortgage Scam - KPHO
PHOENIX -- A Phoenix mortgage broker is sentenced to 3 1/2 years in prison for defrauding four Valley seniors of more than $400,000, the county attorney general's office said. Rick McCullough, 36, was also ordered to serve seven years probation and ...

Weaver Auto steers clear of foreclosure — for now - Union
KeyBank has decided to postpone foreclosure proceedings against Weaver Auto and Truck Center until at least April 17, owner Tom Weaver said Monday, averting plans to auction off the property on the courthouse steps next month. The decision gives ...

Teck slashes spending, sells assets to pay down debt - Vancouver Sun
TORONTO -- Teck Cominco will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt generated by its acquisition of Fording Canadian Coal Trust, the company ...

Teck cuts dividend, sells assets to pay down debt - Saskatoon Star Phoenix
TORONTO (Reuters) - Teck Cominco will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt generated by its acquisition of Fording Canadian Coal Trust, the ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. An increasing number of experts say the U.S. Treasury has taken just the right number of steps to end the financial crisis, and good things ...

Russia-China $25bn Loan Talks set to Re-Open - Oilvoice.com
Russia is set to re-open talks with China within the coming week to secure $25 billion in loans, for two cash-strapped Russian energy companies, in exchange for guaranteed long-term crude oil supplies in the opposite direction. The initial round of ...

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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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