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• process of examining all the data about a homeowner's property and income documentation to determine whether the mortgage modification should be issued. The person who does this is called an underwriter.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
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  Cite Definition for Underwriting

  American Psychological Association (APA)

  Underwriting. (n.d.). Making Home Affordable Glossary. Retrieved March 28, 2023, from website: http://www.expertglossary.com/definition/underwriting.

  Chicago Manual of Style (CMS)

  Underwriting. www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/underwriting (accessed: March 28, 2023).

  Modern Language Association (MLA)

  "Underwriting." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 28 March. 2023 http://www.expertglossary.com/definition/underwriting.

• Browse Related Terms: Chapter 13 Bankruptcy, Debt-to-income (DTI), Escrow, Escrow Account, Escrow Analysis, Forbearance, Home Affordable Unemployment Program (UP), Housing expense, Monthly Gross Income (MGI), Mortgage Payment, Mortgage Payment Guideline, Pricipal, interest, taxes, insurance and homeowners association dues (PITIA), Primary or Principal Residence, Repayment Plan, Servicer, Underwriting

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All > Business > Finance > Personal Finance > Mortgage

• amount of a loan that is due to the lender. This does not include additional charges, such as interest.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
  ×

  Cite Definition for Unpaid Principal Balance (UPB)

  American Psychological Association (APA)

  Unpaid Principal Balance (UPB). (n.d.). Making Home Affordable Glossary. Retrieved March 28, 2023, from website: http://www.expertglossary.com/definition/unpaid-principal-balance-upb.

  Chicago Manual of Style (CMS)

  Unpaid Principal Balance (UPB). www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/unpaid-principal-balance-upb (accessed: March 28, 2023).

  Modern Language Association (MLA)

  "Unpaid Principal Balance (UPB)." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 28 March. 2023 http://www.expertglossary.com/definition/unpaid-principal-balance-upb.

• Browse Related Terms: Annual Percentage Rate (APR), application fee, appraisal fee, HUD-1 Uniform Settlement Statement, Loan origination fees, point, Points (also called discount points), Prepayment penalty/prepayment premium, Unpaid Principal Balance (UPB)