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Builder Baesler declares bankruptcy - Lexington Herald-LeaderA builder whose unfinished house on Indian Mound Road in Lexington drew complaints last summer from neighbors has declared bankruptcy. Dudley Scott Baesler and his wife, Shelly, filed a Chapter 7 petition recently in U.S. Bankruptcy Court. Baesler is ...
Mortgage scammer sentenced to 30 months - Palm Beach InteractiveConvicted mortgage scammer Ralph Michel was sentenced this morning to 30 months in federal prison for his role in using dozens of properties to rip off lenders for millions. Michel's attorney described him as illiterate and said he was far from the ...
Will Any Crumbs Remain After Bankers' Feast? - Common DreamsUNITED NATIONS - The vast resources the U.S. and Europeans are pouring into ailing financial firms could lead to disastrous consequences for global efforts to reduce poverty and mitigate the impacts of climate change, warns a new study by an ...
Possum urine, spent syringes and other tactics of mortgage scammers - Palm Beach InteractiveSubprime loans are gone, but mortgage fraud is alive and well, a Freddie Mac mortgage fraud investigator says. During the mortgage fraud boom, predatory borrowers overpriced properties, took out 100 percent financing, paid the seller a lower price ...
A superspy's glamorous hot spots - MSNBCThe scene: Packing the narrow streets of Siena, crowds cheer Italy's most famous bareback horse race. Across the rooftops above them, James Bond (Daniel Craig) chases a villain. The place: Last summer, cameras rolled to capture the scene as 10 horses ...
Payouts to savers would cripple Icelandic economy, says Geir Haarde - Times OnlineThe Icelandic economy would be crippled if the country had to pay British savers in its stricken banks the full amount that Britain claims is due, the country’s Prime Minister said yesterday. “I don’t want to make comparisons with Versailles ...
Brown calls for larger IMF bailout fund - International Herald TribunePARIS : Prime Minister Gordon Brown of Britain grabbed the limelight from President Nicolas Sarkozy of France ahead of their meeting Tuesday, calling for China and the Gulf states to stump up more money to help the International Monetary Fund deal ...
Business Notes - Lexington Herald-LeaderVersailles-based engineering company to open W.Va. office A Versailles-based engineering company that provides technical services to the oil and natural gas industry plans to open an office in West Virginia. Energy Management Services Co. said ...
Register for FREE - Wall Street JournalThe past year has been a trying time for both the titans of Wall Street and the brainiacs in Wall Street's computer-filled backrooms who, in recent years, have devised complex instruments for raising money, lending money and dispersing risk. They ...
Spend, spend, spend: Alistair Darling adopts John Maynard Keynes ... - Times OnlineAlistair Darling intends to raid future budgets to pay for massive public spending projects in an attempt to counter the economic slowdown. Invoking John Maynard Keynes’s response to the Great Depression of the 1930s, the Chancellor said that he ...
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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