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NeighborWorks America Honors HUD’s Assistant Secretary for ... - PR Inside
Today NeighborWorks® America announced that Brian D. Montgomery, Assistant Secretary for Housing and Federal Housing Commissioner of the U.S. Department of Housing and Urban Development (HUD), is the recipient of the 2008 NeighborWorks® Government ...

HUD issues new mortgage rules to help consumers shup for lower-cost ... - Louisiana Weekly
New 'Good Faith Estimate' will help borrowers save nearly $700 For the first time in more than 30 years, the U.S. Department of Housing and Urban Development on Wednesday issued long-anticipated mortgage reforms that will help consumers to shop for ...

School for the blind starts visionary newsroom - Newark Star-Ledger
Ed 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 ...

Greenspan denies blame for crisis, admits 'flaw' - Washington Post
House Oversight and Government Reform Committee member Rep. Elijah Cummings, D-Md. asks questions of the panel during a hearing of the committee on Capitol Hill in Washington, Wednesday, Oct. 22, 2008. (AP Photo/Lawrence Jackson) (Lawrence Jackson ...

Ala. officials ask court to clarify bond contract - Birmingham News
MONTGOMERY, Ala. (AP) — State officials decided Wednesday to ask a federal judge to determine if Alabama is required to refinance $300 million in bonds approved in 1998 for school construction. State officials said refinancing the bonds during the ...

Shoppes co-developer may default on loans - Macon Telegraph
CHICAGO — Mall owner General Growth Properties Inc. warned this week that it faces solvency trouble and may be forced to file for bankruptcy if it can’t refinance or extend nearly $1 billion in debt due next month. The Chicago-based company ...

Job losers urged to inform lenders of status - West Online
Borrowers facing job loss can relieve themselves of significant stress if they keep their lenders abreast their financial situation, a leading non-bank lender says. Resi Mortgage Corporation head of consumer advocacy Lisa Montgomery said borrowers ...

Debating the economy - Allentown Morning Call
WHITPAIN TOWNSHIP, Montgomery County | - Republican presidential candidate John McCain rolled out a $52.5 billion economic recovery plan Tuesday to 2,000 supporters at Montgomery County Community College. Trailing in the polls, the Arizona senator ...

New Rules Allow the FHA to Buy Troubled Loans - BusinessWeek
by Mara Der Hovanesian For much of the real estate boom, the Federal Housing Authority sat frustrated on the sidelines. Handcuffed by congressional limits on the cost and size of its loans, the original government buyer of mortgage loans couldn't ...

Montco board OKs transportation fund program - Pottstown Mercury
NORRISTOWN — The Montgomery County Planning Commission approved a resolution that recommends establishing a $150 million program to fund county transportation projects over the next decade. The proposal to create the Montgomery County ...

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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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