A notice of default is a public record stating that a borrower is in default on their loan. A lender or servicer files a default letter as the first step in the foreclosure process. If you ignore a ...

Default risk refers to the possibility that a company may fail to meet its financial obligations, such as paying dividends or repaying debt. When a company that has issued common stock defaults, the ...

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, ...

Credit default swaps (CDSs) provide protection for investors in the event that the borrower defaults on their debt or loan. They can play a pivotal part in financial and investment industries, as they ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

Maybe you lost your job or faced an unexpected emergency expense. Whatever the reason, you’ve fallen behind on your mortgage — and now there’s a notice of default on your door. But what is a notice of ...