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'Hope for Homeowners' gets a slow start - CNN Money
NEW YORK (Money) -- Everyone agrees that the only way to fix the financial crisis is to fix the housing market. Yet hundreds of billions of taxpayer dollars are being used to shore up failing banks. So far, efforts to stem the tide of foreclosures ...

McCain housing proposal: Easier said than done - Washington Post
Republican presidential candidate, Sen. John McCain, R-Ariz., smiles as he is greeted during a rally for him and Republican vice-presidential candidate, Alaska Gov. Sarah Palin, at Lehigh University in Bethlehem, Pa, Wednesday, Oct. 8, 2008. (AP ...

A False Fix for the Mortgage Crisis - The Washington Independent.com
As the government, housing advocates and banks like Citigroup and JPMorgan Chase struggle to streamline loan modifications and stave off foreclosures, one tactic keeps coming back to life as a sure-fire weapon: the 90-day mortgage moratorium. In ...

Experts skeptical about McCain's housing plan - Daily Herald
WASHINGTON -- Ordering the government to buy up bad mortgages to cut homeowners' monthly payments might sound good, but experts are skeptical. They say the plan John McCain is promoting is unlikely to solve the housing crisis that's pushing the ...

Finally, a Bailout for Homeowners? - The Washington Independent.com
As foreclosures continue at a record pace, homeowners in trouble have watched the government devise a $700-billion rescue plan for Wall Street, buy shares in nine major banks and extend credit to insurance companies like AIG. What they haven’t seen ...

Duneland School Board Election pits Barkow against Custer - Chesterton Tribune
Today candidate coverage in the Chesterton Tribune highlights the candidates running for the at-large seat on the Duneland School Board. The candidates are incumbent Janice Custer and challenger William Barkow. Both live in Chesterton. The other ...

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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.

    View all Terms
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