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Bank money markets get FDIC protection - Medford Mail TribuneDEAR BRUCE: I have $100,000 in a bank account and $30,000 in a mutual fund from the same bank. The bank is FDIC insured. What happens if the bank goes under? — Janice, via e-mail DEAR JANICE: Your $100,000 is perfectly safe. The FDIC insurance has ...
More residents worry about mortgage fraud - Killeen Daily HeraldJesus Gutierrez, wearing a patterned two-pocketed work shirt, dirt-marked jeans and a Texas flag cap, sat on the edge of a bed in his living room Thursday. Only an old TV and two small couches were in the room. His grandson's baby swing hung from the ...
British court ruling increases risk of home repossession - World Socialist Web SiteA British court ruling allowing lenders to seize properties after only two missed mortgage payments has made a mockery of claims by the Brown government to be protecting ordinary people from losing their homes. High Court Justice Briggs last month ...
Westin's woes fuel fears of default on big commercial loans - Arizona Daily StarMortgages on offices, shopping malls and hotels that were based on projections of soaring income during the real estate boom are roiling the bond market. A $209 million loan made by JPMorgan Chase & Co. to finance the Westin La Paloma Resort & Spa in ...
Unemployment: Job cuts cause a middle-class recession - Daily TelegraphFamily misfortune: Julie Salt's husband lost his £100,000-a-year job at a successful internet travel company. 'It was horrifying, stomach-churning,' she says of the moment she heard the news Photo: JOHN ROBERTSON Julie Salt experienced a distinct ...
Change tack on foreclosure aid - Stamford AdvocateThe growing number of homeowners in foreclosure is pressuring Congress to step in and provide assistance. We have to hope our lawmakers will be smart about it, but the early signs are not encouraging. Connecticut Sen. Christopher J. Dodd, chairman of ...
JAPANESE REAL ESTATE DVPR FILES FOR BANKRUPTCY PROTECTION - TradingMarkets.comThe Fukuoka Prefecture-based firm develops and manages apartment and office buildings in the Kyushu region as well as in Tokyo and other large cities. It had expanded as a real estate developer that sells land and buildings in packages to funds and ...
Genworth Announces Filing for Savings and Loan Holding Company Status - MSN MoneyCentralRICHMOND, Va. , Nov. 16 /PRNewswire-FirstCall/ -- Genworth Financial GNW announces it has filed a savings and loan holding company application with the Office of Thrift Supervision with respect to the acquisition of InterBank fsb of Maple Grove ...
Week In Review: Economy's Bad; So Are Cigarettes - Hartford CourantThe state's economy took another dive this week when the Department of Labor reported that 3,600 jobs disappeared off the books in October; estimates of the growing state deficit ballooned; and stocks in that Hartford stalwart, the insurance business ...
Market Mover - American ReporterBOCA RATON, Fla. -- The thoughts below were written three years and one month ago. No one cared about my ideas. On local and national radio for more than 14 years I made the same health care warning loud and clear to anyone who would listen. I'll try ...
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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