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News about Mortgages:
Should you refinance? - Fayetteville ObserverJaniece Brewer hasn’t been asked to crunch so many numbers since the housing boom of 2005. But instead of working with potential new homeowners, the inquiries at her mortgage loan company have been about refinancing as interest rates sink to record ...
Commercial real estate in for tough 2009 - WTOP RadioNEW YORK (AP) - The balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time of ...
Commercial real estate faces probable tough year in 2009 - News-DemocratNEW YORK -- The balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time of ...
US CREDIT-AbitibiBowater faces major debt challenges in '09 - ReutersNEW YORK, Jan 7 (Reuters) - AbitibiBowater Inc ( ABH.N ) is starting the new year with some challenges as the company faces a March 31 deadline to refinance a $347 million loan at a subsidiary that it does not currently have enough cash to repay. If ...
HBOS expected to block OZ Minerals refinancing - The AustralianOZ Minerals is bracing for bad news from its bankers today with the expectation that they will not refinance about $1.1 billion vital to the troubled miner's future. It's understood a key bank -- WestAustralia-based HBOS -- is reluctant to roll over ...
Q&A: Small business and retail - San Jose Business JournalFehrenbach took his current position with the 650-member chamber in July. He is a loan officer at Palo Alto’s Stern Mortgage Co. A: It will be a pretty tough year. I think you will see a return to the old-school methodology where things that have ...
Economists offer some hope for '09 - Orlando SentinelNo one was more eager to say good riddance to 2008 than investors. There was just about no place to hide from the financial crash that wiped out about $7 trillion of shareholders' wealth -- the gains of the previous six years -- in the Dow's worst ...
Tough times - Sun-JournalHow bad is it getting? The numbers don't look good in Maine. But there's hope in staying flexible, leaning on support services and spending smart. At one point last week, Community Concepts workers frantically scrambled to answer the agency's phones ...
Debt trouble at Lee triggers auditor’s warning - Lincoln Journal StarNEW YORK — Lee Enterprises Inc., publisher of the St. Louis Post-Dispatch, the Lincoln Journal Star and other newspapers, said in a regulatory filing that it will have trouble paying its debt over the next two years because of severe reductions in ...
Cleveland-area hospitals proceed with expansion plans despite economy - Cleveland Plain Dealer BlogPlain Dealer File Several major hospital expansions in Greater Cleveland are moving forward despite an economic crisis that has stalled medical projects nationwide. The new year brings more gloomy forecasts but also fresh hope. Through Jan. 4, The ...
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