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Mortgage lawsuit may have big effect - Milwaukee Journal Sentinel
Bryan and Susan Andrews of Cedarburg sued a Maryland bank, saying they were deceived by an adjustable rate mortgage with a 1.95% interest rate that would be frozen for five years. The rate was good for only the first month of the mortgage. A mortgage ...

Mortgage refinancing rush is on - Milwaukee Journal Sentinel
Experts say everybody's case is unique and depends on the type and status of the mortgage, refinancing costs, overall finances and plans for the home. But there are some common factors to consider: How long will it take to recover the up-front costs ...

U.S. court sides with bank in mortgage loan case - Guardian Unlimited
NEW YORK, Sept 24 (Reuters) - A lawsuit brought by a Wisconsin couple who accused a bank of deceptive lending practices and wanted to cancel their home loan has been stripped of class-action status in a victory for U.S. banks. In a 2-to-1 decision, a ...

Palin may have left Alaska, but she's not giving up her moose roots - Los Angeles Times Blogs
John McCain and Sarah Palin began their post-convention tour of battleground states today in the small Wisconsin town of Cedarburg. But although Palin's biggest task in the coming months will be trying win over the lower 48, she's not about to ...

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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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