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U.S. recession more severe than thought - Fed's Rosengren - Reuters IndiaWEST NEWTON, Massachusetts (Reuters) - The U.S. recession looks to be longer and more severe than originally thought, but there are signs that the economy will improve in the second half of 2009, a top Federal Reserve official said on Thursday. "It ...
Sunshine Mortgage shuts down, looks to sell - Atlanta Business ChronicleSunshine Mortgage Corp. , one of Atlanta’s oldest mortgage companies and one of the biggest remaining in the Southeast, is closing its doors and scrambling to find a last minute buyer, Atlanta Business Chronicle has learned. Sunshine Mortgage had ...
Recession more severe than thought: Fed's Rosengren - Yahoo NewsWEST NEWTON, Massachusetts (Reuters) – The U.S. recession looks to be longer and more severe than originally thought, but there are signs that the economy will improve in the second half of 2009, a top Federal Reserve official said on Thursday. "It ...
Harbour Walk Preserve loses foreclosure judgment - MSN MoneyCentralPalm Beach Gardens-based Harbour Walk Preserve LLC has lost a $17.6 million foreclosure judgment to Seacoast National Bank and is set to lose its Stuart property at public auction. The Dec. 30 judgment set the public auction for the 53-acre ...
West Reading tries again to eliminate tax collector job - Reading EagleFor the second time in recent years, West Reading is trying to eliminate its tax collector position and shift those duties to a local bank. Some borough officials are growing increasingly frustrated with Tax Collector Joseph Stiber. They said turning ...
Indiana cracks down on mortgage brokers - Elkhart TruthINDIANAPOLIS -- Becoming a mortgage broker in Indiana used to be easy. Too easy. There were no background checks to weed out people convicted of financial crimes, no tests to see whether brokers actually took required classes and understood the ...
West Bancorp. takes $36 million in bailout - Des Moines RegisterWest Bancorp. has received a $36 million federal government investment and will use the money to increase lending to local businesses, said Tom Stanberry, chief executive of the West Des Moines-based banking company. The $1.4 billion bank is the ...
Fed’s Rosengren Calls for ‘Concerted Policy Actions’ (Update1) - BloombergJan. 8 (Bloomberg) -- The U.S. government needs to pursue “concerted” fiscal and monetary policies to revive mortgage finance, Federal Reserve Bank of Boston President Eric Rosengren said. “We have seen improvements of late in the functioning ...
Ken Thompson - Charlotte Business JournalWhen Wachovia Corp. announced its $24 billion purchase of Golden West Financial Corp. in 2006, then-Chief Executive Ken Thompson called the acquisition a “transformative deal for us.” The deal did transform Wachovia but not in the way Thompson ...
Mortgage crisis spurs tougher rules for Hoosier brokers - Chesterton TribuneINDIANAPOLIS (AP) — Becoming a mortgage broker in Indiana used to be easy. Too easy. There were no background checks to weed out people convicted of financial crimes, no tests to see whether brokers actually took required classes and understood 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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