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Mortgage plan shows increased gov't role - Associated Press
WASHINGTON (AP) -- If you're looking for a mortgage, Uncle Sam may be the only game in town. The government has already increased its share of the mortgage market to around 90 percent from around 55 percent last year as Wall Street licks its wounds ...

Real estate a tough sell in troubled economy - San Francisco Gate
Tuesday, December 2, 2008 The most glaring and frightening example for many in the industry was the recent revelation that Alexandria Real Estate Equities Inc. will not move forward with two biotechnology buildings at San Francisco's Mission Bay ...

Home Value Highwire - WTOP Radio
WASHINGTON - If you want to buy in today's housing market, you may not be able to seal the deal or get a loan, unless you have cash and good credit. You need cash to close the deal. The days of zero-down are gone. That's the new reality of the ...

Thursday, Dec. 4 at Noon ET: Color of Money Live - Washington Post
Read Michelle's latest columns , check out her Color of Money Book Club selection archive or sign up for her weekly e-mail newsletter. Michelle Singletary: Good afternoon all. I hope despite all the continued bad economic news you are holding up. I ...

Alexandria Mall owner may file for bankruptcy - Alexandria Daily Town Talk
GGP, a real estate investment trust headquartered in Chicago, is the nation's second largest mall owner. The company said in a regulatory filing this week that it faces solvency trouble and may seek bankruptcy if it can't refinance or extend nearly ...

Analyst Actions: Gap, Autodesk, REITs - BusinessWeek
Gap Inc.'s ( GPS ) reported higher third-quarter earnings. Citigroup analyst Kimberly Greenberger says the company's 35 cents EPS was in line with her 35 cents estimate. She notes third-quarter selling, general, and administrative (SG&A) expense fell ...

Maryann Haggerty and Elizabeth Razzi - Washington Post
Welcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...

Mortgage Rates Tumble on Fed Debt Purchasing Plan (Update1) - Bloomberg
Nov. 26 (Bloomberg) -- U.S. mortgage rates plunged by the most in at least seven years yesterday as a Federal Reserve pledge to buy $600 billion of debt succeeded where seven cuts in the central bank’s benchmark rate had failed. The average rate ...

Pecanland Mall owners face financial trouble - News-Star
General Growth Properties, which owns Pecanland Mall in Monroe, warned this week that it may need to file for bankruptcy. Company spokesman David Keating didn't return a call from The News-Star on Thursday and Pecanland Mall manager Randy Barnett ...

JPMorgan will modify troubled WaMu home loans - Seattle Times
Homeowners having trouble paying a Washington Mutual mortgage are invited to a free foreclosure-prevention event from 9 a.m. to 6 p.m. Nov. 8. A WaMu loss-mitigation expert will meet with loan holders individually. A certified foreclosure-prevention ...

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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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