Today's Mortgage Terms starting with U

Underwriting:

It is the process of quantifying the risks involved in a specific loan and setting suitable terms and conditions for a mortgage.

URLA:

Uniform residential loan application.

Usury:

Interest charged in excess of the legal rate as established by law.

View all Terms

Scott mortgage loan news:

Six people indicted in mortgage fraud scams - News-Leader.com
The six were charged in a 55-count indictment returned by a federal grand jury in Springfield, a news release from Wood's office said. Davis, a former mortgage broker, was the owner of Master Marketing Consultants. The Kassebaums, who are husband and ...

BUSINESS BRIEFS - New York Post
Wal-Mart Stores said Lee Scott will retire as CEO early next year and will be succeeded by Mike Duke, who heads its international operations. The retailer also promoted Eduardo Castro-Wright, 53, who heads its US operation, to vice chairman ...

Mortgage-fraud scheme alleged in court documents - Joplin Globe
A Carl Junction man is among a half-dozen people named in a 55-count federal indictment charging mortgage fraud. Steven Ray Spencer, 47, was indicted Thursday for his alleged role in a scheme to defraud home mortgage lenders in Christian and Greene ...

Six area residents indicted in mortgage-fraud schemes - News-Leader.com
Several mortgage brokers were among six area residents indicted today by a federal grand jury for participating in several related mortgage fraud schemes in Christian and Greene Counties, according to John F. Wood, United States Attorney for the ...

Community Club burns the mortgage on Billard property - Florida Times-Union
Members of the Mandarin Community Club were thrilled to have Susie Scott, club president, "burn the mortgage" for their Billard property on Nov. 8. The club purchased the property on which the Frederick Billard home once sat in July 1997. When the ...

Kalamazoo housing professionals stress deals and loans are plentiful - Ann Arbor News Blog
KALAMAZOO, MI -- Local homebuilders, real estate agents and mortgage lenders want you to know that the housing market may be soft, but there are great values to be had and lots of money to borrow to get those deals. That was the overall message ...

Luster of U.S. property dims for foreigners - Palm Beach Interactive
LONDON — Foreclosures. Fire-sale prices. A grim recession. It's hardly been an appealing U.S. housing market - unless you're from overseas. So next week, a group of Florida Realtors will visit Britain to attend the overseas property trade show ...

Commercial-Mortgage Bond Risk Rises After Loan Delinquencies - Bloomberg
Nov. 19 (Bloomberg) -- The cost to protect top-rated commercial-mortgage bonds against default rose to a record, a day after two bad loans boosted concern the debt will cause losses. The cost of default swaps on AAA rated bonds rose 161.8 basis ...

'Help' Can Be Costly - BusinessWeek
By Robert Berner The implosion of the subprime mortgage market has been a boon to loan-modification consultants who promise to help borrowers refinance and get back on the road to financial stability. Some advisers steer clients toward taxpayer ...

Business people - Anchorage Daily News
Summit Mortgage recently hired Colin Krieger as a mortgage loan officer. He has worked in the loan mortgage industry since 2003. He is a member of the National Mortgage Bankers Association, Anchorage Home Builders Association and Armed Services YMCA ...