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News about Mortgages:
Lofgren sees higher jumbo mortgage limits returning - San Jose Business JournalHigher jumbo mortgage loan limits will be part of the highly-anticipated economic stimulus package coming from Washington early this year, U.S. Rep. Zoe Lofgren said Wednesday. A temporary increase in the limit for lower rate conforming mortgages to ...
The Note - ABC News BlogsYou don't need a light-bulb moment for this one: Now that the national-security team is in place, it's all about the economy again for President-elect Barack Obama. And, oh yeah -- he's pretty much the president now, by the way. Partly it's the ...
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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