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Underwriting
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Underwriting

The following information is about Underwriting.

Underwriting Defined

The process of analyzing a loan application to determine the amount of risk involved in making the loan; it includes a review of the potential borrower's credit history and a judgment of the property value.

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Facing foreclosure? Fight for your home

Published September 8, 2008, 1:09 am, Belleville News-Democrat

One in every 460 U.S. homes --or 272,000 properties -- were lost to foreclosure in July. That includes one in every 465 houses in St. Clair County and one in 692 in Madison County.

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Mortgage firm navigates troubled housing market

Published September 7, 2008, 9:57 pm, BizJournals

People in southeast Wisconsin still are buying homes in what Dan Breitzman calls his “strike zone” — an average price of $225,000 — but that doesn’t mean Breitzman takes them for granted.

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Congress gets lesson in reality

Published September 7, 2008, 3:20 am, Modesto Bee

STOCKTON -- Boarded-up windows, dead lawns, yellow auction signs and abandoned houses gave silent testimony Saturday to the brutal impact the foreclosure crisis is having on central Stockton.

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Mortgage 101: Avoiding pitfalls

Published September 6, 2008, 11:49 pm, The News & Observer

The days of getting a home loan without proof of a paycheck or any indication of your financial health appear to be gone. But that doesn't mean the process is any less confusing or that all lenders are completely trustworthy.

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Career Track

Published September 6, 2008, 9:54 pm, The Florida Times-Union

Building/design

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Quattrone's plans see vindication haunted by e-mail

Published September 6, 2008, 9:08 pm, The Palm Beach Post

Because of errors by Bloomberg News Service, an incorrect version of this story appeared on PalmBeachPost.com on Aug, 3, 2008. This version includes the corrections by deleting a reference to unprofitable companies in 13th paragraph; correcting the date of leave in 103rd paragraph; and correcting the date NASD suspended its case in 110th paragraph.

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Home foreclosures reach record high

Published September 6, 2008, 9:05 am, Muzi

NEW YORK (Reuters) - Home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday.

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The skinny on ...

Published September 6, 2008, 3:45 am, Bankrate.com

Fixed-rate mortgages are influenced by the current economy and investor expectations.

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Home loan troubles break records again

Published September 6, 2008, 1:42 am, Reno Gazette-Journal

The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.

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Troubles spread to prime Md. mortgages

Published September 6, 2008, 12:39 am, Baltimore Sun

4.3 percent of strong borrowers behind on payments The housing market continues to slump. "Unfortunately it's touching a lot more people," said Vicki Schultz, a consumer protection adviser.

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