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The Next Subprime Crisis Looms - Der Spiegel
The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them ...

Mortgage Rates Slide, But Not Enough to Spur Buying - CNBC
The crisis on Wall Street is fueling worries about the broader economy—especially jobs—so Americans aren't in the mood for big purchases like a house. “Even though it costs less to have a mortgage you have to make damn sure that you are still ...

As Credit Tightens, Companies Curtail Spending, Expansion - Washington Post
CarMax said this week that it might curtail lending by its financing arm. It laid off 600 workers this month in an effort to save costs. (By Chris Rank -- Bloomberg News) With bank lending windows slammed shut for the past month, countless companies ...

UPDATE 2-DiamondRock Hospitality posts lower Q3 FFO - Reuters
Oct 15 (Reuters) - DiamondRock Hospitality Co DRH.N posted lower quarterly funds from operations (FFO) as revenue per available room fell, but the company backed its full-year outlook. The company expects fundamentals to remain difficult over the ...

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 ...

Bernanke Refusal to Buy Genworth Paper Burdens Banks (Update2) - Bloomberg
Nov. 13 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke 's decision to deny commercial paper financing to all but the highest-rated borrowers is forcing some companies to seek the credit of last resort, backstop loans. Whirlpool Corp ...

Bernanke Refusal to Buy Genworth Commercial Paper Burdens Banks - Bloomberg
Nov. 13 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke 's decision to deny commercial paper financing to all but the highest-rated borrowers is forcing some companies to seek the credit of last resort, backstop loans. Whirlpool Corp ...

American Capital Provides $50 Million Financing for Republic Financial ... - PR Newswire
BETHESDA, Md., Dec. 21 /PRNewswire-FirstCall/ -- American Capital Strategies Ltd. (NASDAQ: ACAS) announced today that it has provided a $50 million acquisition line to Republic Financial Corporation ("Republic"), an investment firm with four primary ...

American Capital Invests in NextPoint(TM) Networks - PR Newswire
BETHESDA, Md., Feb. 28 /PRNewswire-FirstCall/ -- American Capital Strategies Ltd. NASDAQ: ACAS announced today that in January it and its affiliates invested in NextPoint(TM) Networks, Inc. NextPoint is the result of the convergence of NexTone ...

The mortgage rate puzzle - Delaware Online
Once upon a time, in that bygone era when housing prices always rose and equity never vanished, the gentle gyrations of mortgage rates seemed like a soothing dance to watch. Today that dance has turned into a more dangerous -- and unpredictable ...

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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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