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Reverse mortgage limits double - Gretna Breeze
Older homeowners strapped for cash could get more help through changes implemented this week in a federal reverse mortgage program. Home values of up to $417,000 will be used nationwide as a basis for establishing the size of loans available from ...

Nick Harris: Billionaires and bad debts mean 'financial fair play' is ... - The Independent
Roman Abramovich's funding of Chelsea faces a challenge from Uefa as it tackles debt-fuelled club spending Few would argue with a person's right to buy a house if they can comfortably and legally cover the mortgage, and if there is no extreme social ...

St. Bernard residents riled over growth in rentals - New Orleans Times-Picayune
SUSAN POAG/THE TIMES-PICAYUNE Polly Boudreaux, resident of Lexington Place subdivision in Meraux, stands along Debouchel Boulevard Saturday, November 1, 2008. Against a backdrop of neatly trimmed lawns and refurbished suburban homes in Meraux, a long ...

Gov. Bobby Jindal's star rising after Republican losses - New Orleans Times-Picayune
The Associated Press Louisiana Gov. Bobby Jindal, left, meets with Former Speaker of the House and Republican political architect Newt Gingrich last month in Baton Rouge. Jindal's star stands to rise in the GOP as the party searches for new ...

Independent HBOS 'could be funded by the Treasury' - Scotsman
bank could emerge. And it casts doubt on comments earlier this week by Lord Mandelson, the new Business Secretary, that the £11.5 billion government bail-out for HBOS was "predicated" on the merger going ahead. The Scotsman learned yesterday that ...

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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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