Mortgage Rates Decline

By NATHAN BECKER APRIL 28, 2011 Wall Street Journal Mortgage rates declined in the latest week, with the average rate on 30-year fixed-rate mortgages edging lower, according to Freddie Mac’s weekly survey of mortgage rates. “Mortgage rates followed...

Nonrecourse debt -What is it?

From Wikipedia, the free encyclopedia Nonrecourse debt or a nonrecourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender/issuer...