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Mortgage application, refinance volume surge - Miami Herald
Join the discussion Note: If this is your first time using our NEW commenting system, you will have to LOG OUT and then LOG BACK IN . The Miami Herald is pleased to provide this opportunity to share information, experiences and observations ...

HUD backs plan to save homes in foreclosure - Journal-News
HAMILTON — Butler County has submitted a plan to the U.S. Department of Housing and Urban Development to use a $4.2 million federal grant to combat neighborhood blight and foreclosure. Central to the county's plan is an untested initiative to keep ...

Mortgage rates fall for 2nd day; won't help all - Associated Press
MIAMI (AP) -- Mortgage rates fell for the second day in a row Wednesday, and could be heading toward levels home buyers and owners haven't seen this year. That drop is what the Federal Reserve was aiming for when it announced a plan Tuesday to buy ...

FDIC's Bair warns investors fighting loan changes - Miami Herald
WASHINGTON -- Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a "backlash" from Congress, the head of the FDIC said Thursday. Sheila Bair, the chairman of the Federal ...

Troubled Economy Spells Savings for Some - ABC 27
Mortgage rates are low and could get even lower. It's the same with car prices. So, maybe there is a silver lining to these tough times. Lower prices favor those who can afford to buy. We've heard so much doom and gloom in relation to the economy ...

Economic Wrapup - Daily Business Review
ptimists who took solace in a resurgence of consumer largess on “Black Friday,” the unofficial kickoff of the Christmas holiday shopping season, were forced to retreat Monday as government bond yields hit new lows and a prominent research ...

Florida Moves to Provide Relief on Foreclosures - Time
If Gov. Charlie Crist has his way, Floridians in foreclosure will be in their homes for the holidays. Crist is readying a proposed moratorium on foreclosures through the holidays and into next year . "His main purpose is to make sure Floridians can ...

It’s Time to Buy That House - BusinessWeek
At this time in the economic cycle, one might think that venturing into the choppy waters of home buying is the last thing you should think about. But there are good reasons you should consider it. Home prices have declined to a level that’s more ...

Buy Real Estate Now - Forbes
11.27.08 - First, the bad news. New home sales in the U.S. haven't been this low since 1991, according to the Commerce Department. Now the good news. New home sales in the U.S. haven't been this low since 1991. This means prices are back to where ...

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 ...

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

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