"U" sorted loan risk and fee definitions of familiar mortgage terminology you may have heard of while applying for a loan or by way of navigating this directory.
- 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.
- Up Front Charges
- The fees charged to homeowners by the lender at the time of closing a mortgage loan. This includes points, broker’s fees, insurance, and other charges.
"Glossary." HUD.gov. U.S. Department of Housing and Urban Development, n.d. Web. .