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Kashkari: Treasury considering mortgage rate plan - Kansas City Star
The head of the government's financial system rescue effort said Thursday the Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market. Under the proposal being ...

Bernanke: more action needed to cut foreclosures - Kansas City Star
Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Although a flurry of actions have been taken to ease the ...

Fannie, Freddie Mortgage-Bond Spreads Retrace Fed-Sparked Gains - Bloomberg
Dec. 3 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds widened relative to U.S. Treasury notes, retracing gains from the past week as investors anticipated an increase in the amount of securities. The difference between ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Ecuador delays debt payment, raising default fears - Kansas City Star
Ecuador vowed Friday to delay a $30.6 million interest payment on its foreign debt while it investigates possible irregularities in the contracts, sending its benchmark bonds and credit rating tumbling as default fears soared. Finance Minister Maria ...

Response slow to mortgage swap program - Kansas City Star
WASHINGTON | The government expects only 20,000 troubled borrowers to apply to refinance into more affordable home loans by next fall under a mortgage aid program approved over the summer. The $300 billion Hope for Homeowners program was designed by ...

KC's special teams sinking in pool of injuries - FOX News
KANSAS CITY, Mo. — Chiefs special teams coach Mike Priefer can't help himself when making comparisons between coaching in the NFL and commanding military aircraft. Priefer draws one parallel between piloting Navy helicopters in the Persian Gulf and ...

Prince out to leave K-State at end of season - FOX News
KANSAS CITY, Mo. — Kansas State coach Ron Prince was unable to rebuild the Wildcats into the Big 12 contender they were under his predecessor. Now after 2 1/2 seasons in Manhattan, Prince is on his way out and K-State is in the market for another ...

Sportsman’s Outfitter files Chapter 11 - Kansas City Business Journal
Sportsman’s Outfitter & Marine Inc. has filed Chapter 11 bankruptcy, listing estimated assets of as much as $50,000 and estimated debts between $1 million and $10 million. The Lee’s Summit company filed bankruptcy Nov. 4 in U.S. Bankruptcy Court ...

After the Building Boom - Wall Street Journal
The economy's swoon and Wall Street's woes are taking a particularly specific and tough toll on art museums. The art boom of the past two decades, and the resulting skyrocketing costs of acquisitions and insurance, led museums to staff their boards ...

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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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