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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
Fayette mortgage rates news:
Financial News
Head of ethics group resigns; résumé inaccurate - Lexington Herald-Leader
DeAndre McGinnis Mitchell is expected to resign. The man appointed by Lexington Mayor Jim Newberry to lead a committee for ethical business practices inflated his résumé in recent years, wrongly claiming credit for achievements that were not his ...

Home sales, prices down from last year - Richmond Register
(Editor’s note: This is the third in a three-part series about the Madison County housing market in the second quarter of 2008.) The average price of homes sold in Madison County during the second quarter of this year declined $4,345 — or 2.7 ...

Report finds loan bias in Lexington - Lexington Herald-Leader
African-American homebuyers in the Lexington area are more than twice as likely to be given high-cost mortgage loans than whites at the same income level, the National Community Reinvestment Coalition says in a new study. The Lexington metro area ...

The escalating breakdown of urban society across the US - Guardian Unlimited
A scene from HBO's The Wire, which is set in Baltimore Baltimore - it's been an ordinary week in Maryland's largest city. The August heat broke and one can nearly sleep with a window open; the Orioles are again down in the cellar in the American ...

Business news briefs - Pittsburgh Post-Gazette
The chief investment officer of Pennsylvania's $33 billion State Employees Retirement System said the fund had negative returns of 2.9 percent in the first six months of the year. That makes it unlikely the fund will achieve its targeted annual ...

How many foreclosures? 'We know we're underreporting in West Virginia' - Charleston Gazette
CHARLESTON, W.Va. -- Five times more West Virginia homes and businesses were sold in foreclosure in 2007 than the nation's most popular foreclosure statistics reported, a Gazette-Mail analysis found. According to a 55-courthouse canvas of foreclosure ...

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