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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
Rutland home equity loans news:
Financial News
Opening the tap on home equity lines of credit - Rutland Herald
Many homeowners who have taken out home equity lines of credit have learned in recent months that these loans are not as useful as they initially seemed. Lenders are struggling to minimize risk, and because they are especially at risk to lose money ...

Housing market far from robust - Rutland Herald
MILWAUKEE — Susan Kerwin's three-bedroom house in Jackson, Wis., has been in move-in condition since she put it up for sale in May. The trouble is finding someone who wants to move in — or even make an offer. She's heard lots of reasons why ...

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