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Financial industry pushes for lower mortgage rates - International Herald Tribune
WASHINGTON : Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Under one proposal, Treasury would seek to lower the rate on a 30-year mortgage to ...

Financial Industry Urges Gov’t to Lower Mortgage Rates - CNS News
Washington (AP) - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates in an effort to stabilize the housing market. Under the proposal, Treasury would seek to lower the rate on a 30-year mortgage to 4 ...

Treasury urged to cut mortgage rates - MSNBC
Dec. 3: New York Times columnist Paul Krugman discusses the likelihood that the United States is to be headed for another Great Depression. WASHINGTON - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage ...

Proposal could drop mortgage rates to 4.5 percent - San Jose Mercury News
Silicon Valley mortgage brokers could barely contain their enthusiasm as news leaked from Washington of a proposal to reignite the dormant housing market by driving down mortgage rates to the 4.5 percent range. The plan, which reportedly could be ...

Treasury mulls plan to lower mortgage rates to 4.5% - CNN Money
NEW YORK (CNNMoney.com) -- Lobbyists are pushing the Treasury Department to consider a plan to purchase mortgage-backed securities in the hopes of driving mortgage rates to as low as 4.5%, an industry source said. Similar to an effort unveiled last ...

New mortgage crisis looming, experts caution - San Bernardino County Sun
That pace is expected to quicken. The number of late payments and defaults will double, if not triple, by the end of next year, according to analysts from Fitch Ratings Ltd., which evaluates companies' credit. "We're probably in the first inning of ...

New Mortgage Crisis Looms - Time
That pace is expected to quicken. The number of late payments and defaults will double, if not triple, by the end of next year, according to analysts from Fitch Ratings Ltd., which evaluates companies' credit. "We're probably in the first inning of ...

Jimmy Connors Charged in Basketball Game Altercation - FOX News
SANTA BARBARA, Calif. — Tennis great Jimmy Connors has been charged with a misdemeanor for an altercation last week before a basketball game between UC Santa Barbara and top-ranked North Carolina. Connors, an eight-time Grand Slam champion, was ...

Devils beat Panthers in overtime - FOX News
SUNRISE, Fla. — Johnny Oduya scored with 55.5 seconds left in overtime to give New Jersey a 3-2 victory over the Florida Panthers on Wednesday night, the Devils' fifth consecutive victory. Florida sent the game to overtime with two goals in the ...

Meltdown far from over, new mortgage crisis looms - Times Union
WASHINGTON -- Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...

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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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