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

Douglas mortgage quotes news:

BofA shares drop close to 10 pct on capital raise - Forbes
NEW YORK, Oct 7 (Reuters) - Shares of Bank of America Corp fell almost 10 percent on Tuesday, a day after the bank said it would cut its dividend and raise $10 billion to offset rising loan losses. The bank, which swallowed mortgage giant Countrywide ...

Wall Street Journal Confirms: Yes, It's a Wall Street Bailout - Huffingtonpost.com
Yes, it is a Wall Street bailout -- a bailout for Wall Street, first and foremost. But don't take my word for it. Trust the hometown newspaper, The Wall Street Journal , to provide the scoop. According to one informed estimate, the same Wall ...

Words from the (Investment) Wise for the Week That Was (October 6 - 12 ... - Safe Haven
I have been away from the trading desk, and the stock market's bloodbath, during the past few days as I am on a business visit in Geneva. Just as well, but I can nevertheless associate with the frustration of the trader in the animated image (hat tip ...

Meet The $700 Billion Bailout Czar - OpEdNews.com
There is a new Czar in America""the man who will be running the $700 billion budget bailout/rescue program-- assistant secretary of the Treasury for International Affairs-- Neel Kashkari. Henry Paulson tapped the company he ran, Goldman Sachs, to ...

McCain: 'Status Quo Is Not On the Ballot' - ABC News Blogs
At Bethlehem, Pa., today, Sen. John McCain, R-Ariz., told the crowd, "Status quo is not on the ballot. ... Sen. Obama and I both have differences with how President Bush has handled the economy." That's an important message for McCain to tell voters ...

A Different Member of the Keating 5 Introduces the Boss at Obama Rally - ABC News Blogs
"You don't get introduced by John Glenn every day," Bruce Springsteen said yesterday at an Obama get-out-the-vote rally at Ohio State University, as reported by the Columbus Dispatch. Former Sen. John Glenn, D-Ohio, was -- along with Sen. John McCain ...

A New Bretton Woods? Where is Keynes? Where is Dexter White? - bbc
The plan is unleashed. It's a growing possibility that everybody else will follow the UK and the emerging central technique for stemming panic is established: - Government becomes permanent supplier of medium term credit to banks - Central Bank ...

McCain, Obama clash on cause, cure for econ crisis - Natchez Democrat
NASHVILLE, Tenn. (AP) — Barack Obama and John McCain clashed repeatedly over the causes and cures for the worst economic crisis in 80 years Tuesday night in a debate in which Republican McCain called for sweeping action by the government to ...

Fannie, Freddie should be privatized: McCain adviser - Forbes
ALBUQUERQUE, N.M., Sept 7 (Reuters) - Republican presidential candidate John McCain wants mortgage finance companies Fannie Mae and Freddie Mac to eventually be privatized, his chief economic adviser said on Sunday. 'In future the long-term reforms ...

Clinton Wounded By Bosnia Comments - US News and World Report
The brouhaha over Sen. Hillary Clinton's sniper-infested description of her trip to Bosnia in 1996 reached a crescendo in the media in the last 24 hours, despite efforts by Clinton to defuse the situation. In addition to being the butt of late-night ...