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Mortgage giants extend suspensions of foreclosures - Columbia Missourian
Mortgage giants Fannie Mae and Freddie Mac said Thursday they will extend the suspension of foreclosure sales and evictions from single-family homes through the end of January. The companies had suspended foreclosures through the holidays, but were ...

Citi reaches deal with lawmakers on home loans - Columbia Missourian
Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and urged other lenders to follow suit. The lawmakers aim to attach the plan to President-elect ...

Columbia man loses bid to avert foreclosure - Baltimore Sun
The Columbia taxi driver who lost his house despite never missing a mortgage payment suffered another setback yesterday when Maryland's highest court dismissed his challenge to the foreclosure, quashing housing advocates' hope that a successful ...

Columbia profs: Incentivize servicers to modify mortgages - Los Angeles Times Blogs
Three Columbia University professors today tackled one of the thorniest problems of the housing debacle: how to increase modifications to soured home loans that have been bundled into mortgage bonds. Troubled mortgages that back securities in the ...

Ga.-based mortgage lender closes - Ledger-Enquirer
– All United States – Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota ...

Blooming in the desert - Columbian
LeAnn Thacker, left, points at her husband, Bill, at their business, Columbia First Mortgage. (Zachary Kaufman/The Columbian) Bill and LeAnn Thacker, owners of Columbia First Mortgage, say an old-fashioned approach has allowed the business to grow ...

Pay lenders to stem U.S. foreclosures-report - Reuters
WASHINGTON, Jan 7 (Reuters) - The U.S. government should pay mortgage finance companies to rewrite troubled loans and steer homeowners away from default, according to recommendations from legal and finance scholars released on Wednesday. "(Mortgage ...

Business Briefs - Charleston Post & Courier
NEW YORK — A deal that would help prevent more mortgage foreclosures pulled Wall Street out of a slump Thursday, giving the market a mostly higher close. Democratic lawmakers reached an agreement with Citigroup on a plan to let bankruptcy judges ...

Home sales drop, prices hold stable - Daily Freeman & Sunday Freeman
Posted Monday, January 5 at 5:30 p.m. HILLSDALE--Columbia County has not so far seen the intense bottoming-out of real estate prices experienced in many parts of the country. But figures provided by the New York State Association of Realtors (NYSAR ...

Don't miss the refi window - Bellingham Herald
CHICAGO - Lured by low mortgage rates, many homeowners have been rushing to refinance. Interest is gaining for good reason: Eligible borrowers can lock in rates that haven't been this attractive in decades. "With interest rates hovering around 5 ...

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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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