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News about Mortgages:
Oil dips below $47 as investors weigh bad economic news ahead of EIA ... - Orlando SentinelSIOUX FALLS, S.D. (AP) — Energy prices edged lower across the board Wednesday in advance of a government report that's expected to show U.S. crude oil reserves rose by 1.5 million barrels last week. Sweet crude for February delivery fell $1.72 to ...
Commercial real estate faces tough year as vacancies rise - Buffalo NewsNEW YORK — The balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time of ...
Commercial real estate outlook grim for 2009 - Fort Worth Star-TelegramThe rise in empty storefronts and uncollected rents is putting pressure on real estate investors, many of whom need to refinance parts of their portfolios this year. ASSOCIATED PRESS ARCHIVES NEW YORK — The balance of power between landlords and ...
Could a Bad Real Estate Deal Sink the New York Observer ? - GawkerThe commercial real estate market is tanking . Jared Kushner , the owner of the New York Observer , is invested up to his neck in that market. Is it time to start jumping to conclusions? Maybe so! Kushner Companies' prize property is 666 Fifth Avenue ...
Happy New Year 2009 - WXOW TV-19NEW YORK (AP) - Davenport-based newspaper company Lee Enterprises Inc. says in a regulatory filing that it will have trouble paying its debt over the next two years because of severe reductions in revenue. The company also disclosed that its outside ...
National Business Briefs 1/3 - Daily HeraldHOUSTON -- Exactly one year after crude eclipsed $100 a barrel for the first time, 2009 trading began Friday with prices roughly half their year-ago levels, and some believe oil could be headed even lower. Oil markets kicked off the new year with ...
Slowdown isn't holding Raleigh company back - Raleigh News & ObserverRALEIGH -- Workers are caulking and painting and leveling art, adjusting lights -- finishing touches -- at the Renaissance Raleigh Hotel, the tony hotel that opened quietly at North Hills the day after Christmas. The 229 rooms are an important ...
Manhattan Commercial Property Sales Fell 66 Percent (Update1) - BloombergJan. 2 (Bloomberg) -- Manhattan commercial real estate sales fell 66 percent to $17.09 billion in 2008, the lowest in four years, as the worldwide credit freeze sidelined buyers. Only 20 property sales worth $5 million or more closed in the fourth ...
Jobless claims dive while mortgage rates ease again - AOLWASHINGTON (Reuters) - U.S. weekly jobless claims plummeted last week but the improvement was probably a seasonal quirk rather than a turning point for the recession-ravaged labor market. Separate reports on Wednesday on business activity in New York ...
Metro-Area Foreclosure Sales Tripled in First 10 Months of 2008 - BloombergJan. 6 (Bloomberg) -- Foreclosure sales in the 25 largest U.S. metropolitan areas almost tripled in the first 10 months of last year as rising unemployment and falling home values made it tougher for homeowners to sell or refinance their mortgages ...
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