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Where Have You Gone, George Bailey? - Common DreamsAnother holiday season has come and gone with more reruns of Frank Capra's "It's a Wonderful Life." We could sure use banker George Bailey now that the mortgage mess threatens to do what the rapacious Mr. Potter, the town's richest citizen, could not ...
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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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