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News about Mortgages:
CHARLIE'S BEACH BUDDY - New York PostThe controversial labor lawyer whose company gave embattled Rep. Charles Rangel an interest-free mortgage on a Dominican Republic villa is a longtime friend who poured more than half a million dollars into campaigns and causes near and dear to the ...
CHARLIE'S TROPICAL DEAL - New York PostControversial Rep. Charles Rangel, already under fire for not paying taxes on income from a beachfront villa he owns in a Dominican resort, also got an interest-free mortgage on the sun-soaked property, his lawyer revealed yesterday. The embattled ...
Lawyer: Rep. Rangel did not know of $75,000 condo income - Seattle TimesWASHINGTON — Rep. Charles Rangel, D-N.Y., did not know that the Caribbean resort villa he purchased 20 years ago was financed with a no-interest mortgage from the developer and has generated $75,000 in income that he should have reported on tax and ...
US lawmaker paid no interest on beach house - CNBCWASHINGTON - A powerful Democratic committee chairman in the U.S. House of Representatives paid no mortgage interest on a beach resort property for about 15 years, his lawyer said Friday. Rep. Charles Rangel's lawyer, Lanny Davis, told The Associated ...
House leader failed to report no interest payment - CNBCWASHINGTON - A powerful Democratic committee chairman in the U.S. House of Representatives paid no mortgage interest on a beach resort property for more than 10 years, his lawyer said Friday. Rep. Charles Rangel's lawyer, Lanny Davis, told The ...
Rangel Says He Didn't Know of Loan Terms - Washington PostRep. Charles B. Rangel, who bought a resort villa in the Dominican Republic 20 years ago, said he also did not know the property had generated income. (By Mike Segar -- Reuters) Rep. Charles B. Rangel (D-N.Y.) did not know that the Caribbean resort ...
Candidates weigh in on stabilizing Fannie, Freddie - Rapid City JournalFannie Mae and Freddie Mac together hold or back half of the nation's mortgage debt, and have played an increasingly important role in the real estate market since the credit crisis started in August 2007.
Rangel paid no mortgage interest on beach house - Tri-City HeraldWASHINGTON Rep. Charles Rangel paid no mortgage interest on a beach resort property for about 15 years, a lawyer for the powerful House committee chairman says. The New York congressman's lawyer, Lanny Davis, tells The Associated Press that Rangel's ...
Report: Rep. Charles Rangel Failed To Report $75,000 In Income From ... - All Headline NewsWashington, D.C. (AHN) - Another report from the New York Times has added to the controversy surrounding Rep. Charles Rangel (D-NY), who faced the threat of a censure some weeks ago for "dishonoring himself and bringing discredit to the House." The ...
Millennium Transit initiates Chapter 11 - ForbesA Roswell bus company that received about $4 million in state and city loans in 2003 to reopen a closed manufacturing plant has filed for bankruptcy protection. Millennium Transit Services LLC filed the Chapter 11 paperwork Aug. 29, seeking an order ...

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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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