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FHA loans come to rescue of home buyers - Delaware OnlineThe Magnolia resident was drowning in bills and wanted to refinance, but with home prices declining, her consolidated debt totaled almost as much as her home was worth. But the quick refinancings and easy credit of years past were drying up ...
Loans came easily, then fell apart - Milwaukee Journal SentinelWhile earning a salary of $21,000 a year, Leesa Robinson landed on top of the real estate world in 2006, overseeing nearly $1 million in property. The 45-year-old single mom started buying houses after watching late-night infomercials and their tales ...
Business Survey: Small Firms Worry Most About Lack of Customers - HispanicBusiness.comThe bad news has been circulating for months. The credit crunch is a killer for small businesses. They can't get short-term loans to help them meet their payrolls. The banks won't say yes to a firm that wants to finance a new addition. The economic ...
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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