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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
Jackson mortgage loan news:
Financial News
Countrywide to refund $11.5 M to NC borrowers - WCNC
RALEIGH, N.C. -- Two subsidiaries of Countrywide Financial Corp. have agreed to repay more than $11 million to nearly 5,000 North Carolina borrowers who were overcharged on their mortgages, the state banking commissioner said Thursday. Countrywide ...

Bernanke: lower interest rates are ‘‘feasible’’ - Jackson Sun
WASHINGTON — Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are ‘‘certainly feasible,’’ but he warned there are limits to how much such action would revive an economy likely to stay weak well into next ...

Great Wolf talking with lenders about mortgage extension - Milwaukee Journal Sentinel
Dec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...

Register for FREE - Wall Street Journal
Contrary to the assertions of critics, the evidence does not support the view that the CRA (Community Reinvestment Act) contributed in any substantial way to the crisis in the subprime mortgage market,” Federal Reserve governor Randall Kroszner ...

Tallahassee woman fighting to keep her home - Tallahassee Democrat
In my heart, I thought I owned the house. Ralph had made all the payments," she said. She has receipts for each one. They even had a mortgage life insurance policy to pay the loan balance in the event of his death. Then the unthinkable happened ...

People in Business - Nashville Tennessean
Tennessee State Board of Accountancy has announced candidates who are Nashville residents who passed the Uniform Certified Public Accountant examination: James N. Lane, April L. Mitchell and Chandar A. Reed of Antioch; Robert A. Argo, Amy E. Mitchell ...

The Madness of Crowds - Commentary Magazine
Fueled by easy credit, the real-estate market had been rising swiftly for some years. Members of Congress were determined to assure the continuation of that easy credit. Suddenly, the party came to a devastating halt. Defaults multiplied, banks began ...

Deeds Sept 21st thru 30th 2008 - Cecil Whig
Bertha J. Sager, Trustee, to Barbara S. Dean, George Street, Chesapeake City, $0, September 29. Bertha J. Sager, Trustee, to Barbara S. Dean, 43 Basil Avenue, Chesapeake City, $0, September 29. Jan A. Banker to Jan A. Banker and Fay Walker, 721 Bell ...

Daily Dose: Equity alternative - Topeka Capitol-Journal
Roger Stirrett uses a home equity line of credit to improve his house and full-service hair salon in Topeka. "It's a very good tool," said Stirrett, owner of the Hair Port, 1015 N.W. Topeka Blvd. "I've paid it off two or three times. I have a $2,000 ...

Lenders halt home foreclosures for the holidays - Orlando Sentinel
Just in time for the holidays, mortgage lenders in Florida have agreed to voluntarily halt new foreclosures against homeowners for the next 45 days, Gov. Charlie Crist said Monday. The move comes a week after Crist said he was considering an ...

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