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News about Mortgages:
Mid-Columbia construction slowing, remodels picking up - Tri-City HeraldWhen new housing starts to slow down, home remodels tend to pick up. It's a trend that David Barber, owner of Barber Construction in Walla Walla, is observing in this time of economic uncertainty, tighter lending standards and a softening housing ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Tri-City mortgage market grows with FHA-backed loans - Tri-City HeraldMike Martin recently refinanced out of an adjustable rate mortgage and into an Federal Housing Administration loan for his Richland home. Though the real estate market has slowed in the Tri-Cities, the number of FHA-backed loans has grown. Getting ...
FHA program awaits lender participants - Pittsburgh Tribune ReviewThe federal government's Hope for Homeowners program went into effect Oct. 1, but officials of the Department of Housing and Urban Development say it will take awhile to get the $300 billion initiative in full operation. For example, as of late last ...
Shaler Area takes steps to protect investment - Pittsburgh Post-GazetteReacting to the unstable economy and its impact on investments, the Shaler Area school board last week voted to protect the district from negative cash flows by amending its 2006 SWAP Interest Rate Management Plan. At a special finance committee ...
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