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Experts: Bailout has little impact on individuals - SaratogianCAPITAL REGION - The ink's dry, but the question remains: what does the recently signed $700 billion Wall Street bailout mean for you and your pocketbook? The answer, at least for now, is not much. "It will not improve our lives in any measure ...
Advocates: Homeowners need help - Daily GazetteCAPITAL REGION — When HomeSave, a Capital Region coalition of nonprofit legal and housing groups, was founded in 2004, the goal was to educate homeowners about predatory lending and prevent them from signing high-interest loans they wouldn’t be ...
Schools look to new occupation tax to boost revenue - TelegraphSchool districts throughout the state are considering going to voters to get approval of a new tax allowed by recently passed legislation. The Illinois County Schools Facility Occupation Tax Law legislation took effect in October 2007, after ...
Subprime Lending Hurts Homeowners - Social FundsThe Center for Responsible Lending contends that subprime lending has led to a net loss in homeownership. SocialFunds.com -- Not since the Great Depression has the mortgage market faced harder times, asserts a new report from the Center for ...
Saving the Wealthy Class from Itself - OpEdNews.comThe Gilded Age of America occurred after the Civil War and coincided with the industrial revolution of that period in which great wealth was concentrated to the upper classes. The wealth concentration to the very few resulted from the owners of ...

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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.
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