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WaMu reduces home equity credit to homeowners - Bizjournals.com
WaMu reduces home equity credit to homeownersBizjournals.com, NC - May 16, 2008Washington Mutual Inc. has slashed or suspended $6 billion in available home equity credit to its customers in an effort to reduce its risk in a flailing ...Jim Cramer's Best Blogs TheStreet.comall 27 news articles

Home-equity lines stay open in southeastern New Jersey - Press of Atlantic City
Home-equity lines stay open in southeastern New JerseyPress of Atlantic City, NJ - 14 hours agoSun Home Loans said Friday there's been no clamping down on home equity lines of credit, often used to fund renovation projects or pay off credit card debt. ...

Shared equity scheme disputed - TVNZ
TV3 NewsShared equity scheme disputedTVNZ, New Zealand - May 16, 2008The Government's new shared home equity scheme will do little for those who most want to get on the home ownership ladder, a charity claims. ...Home equity scheme won't go far Newstalk ZB$35m scheme to give first-home buyers a leg-up New Zealand HeraldHelp for first home buyers Radio New ZealandTVNZ - TVNZ
all 18 news articles

BofA expects more home-equity loan losses - Bizjournals.com
Earthtimes (press release)BofA expects more home-equity loan lossesBizjournals.com, NC - May 14, 2008Bank of America Corp. expects the losses on its home-equity portfolio to be higher than its previous estimates of 2 percent to 2.5 percent. ...Bank of America says home-equity loan losses will be worse than ... Los Angeles TimesBank of America sees higher home equity losses ReutersBank of America Expects Higher Losses on Home Equity (Update4) BloombergCharlotte Observer - Bloomberg
all 204 news articles

Less risk with a ladder - Houston Chronicle
Less risk with a ladderHouston Chronicle, United States - 16 hours agoSo if you have to borrow money for repairs, you might consider a home equity line of credit. These loans have relatively low (but variable) interest rates. ...

Market Features When to Get a Home-Equity Line of Credit - TheStreet.com
Market Features When to Get a Home-Equity Line of CreditTheStreet.com - May 13, 2008Taking out a home-equity line of credit to pay off costly credit card debt might seem like an attractive option as interest rates have dropped. ...

Home Equity Income Trust Announces May Distributions - Canada NewsWire (press release)
Home Equity Income Trust Announces May DistributionsCanada NewsWire (press release), Canada - May 15, 2008Forward Looking Statements Home Equity Income Trust from time to time makes written and verbal forward-looking statements about business objectives, ...

The incredible shrinking nest egg - USA Today
The incredible shrinking nest eggUSA Today - May 15, 2008Like millions of other people, Stewart is counting on her 401(k) and her home equity to pay for retirement. But since the start of the year, ...

Real Estate and Development Silver lining of plummeting home prices - In Business Las Vegas
Real Estate and Development Silver lining of plummeting home pricesIn Business Las Vegas, NV - May 16, 2008But that drop in prices is hurting homeowners who want to draw on equity. Countrywide has suspended the home equity credit lines of most of its Las Vegas ...

A Thicket of Easy Loans That Entangled One Mortgage Holder - New York Times
A Thicket of Easy Loans That Entangled One Mortgage HolderNew York Times, United States - 17 hours agoShe was going to sell her house in Arizona, fix up her mother’s three-family home in Stamford using home equity loans, and then sell both houses. ...

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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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