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News about Mortgages:
Government guarantee garners bank loan - Pueblo ChieftainGovernment guarantee garners bank loanPueblo Chieftain, CO - Oct 8, 2008The Rio Culebra Cooperative picked up a $175000-grant, which builds on a $98000 grant in 2007 to help producers in southern Costilla County market their ...
Single-family building permits drop nearly 18% from last September - Colorado Springs GazetteSingle-family building permits drop nearly 18% from last SeptemberColorado Springs Gazette, CO - Oct 1, 2008... qualify for a loan and want to move to a new home, some can't sell their existing properties because other buyers can't quality for a mortgage, he said. ...

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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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