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A housing disaster foretold - ScrippsNewsHindsight, it is said, is always 20-20; it can also be depressing. There were ample warnings in 2005 and 2006 that the housing market was headed for the rocks because of excessively risky mortgage financing. While that crisis might not have been ...
China cuts rates by most in a decade - Globe and MailFaced with rising protest amid the sharpest economic downturn in decades, China's worried leaders are throwing everything they have at the problem in an aggressive campaign to contain the damage. Two weeks after unveiling the biggest economic ...
Banks tipped to pass on interest rate cuts - News.com.auTHE Federal Government is confident banks will pass on today's expected interest rate cut, tipped to be three-quarters of a percentage point. JP Morgan economist Helen Kevans, who forecast a 75 basis point cut, said the Reserve Bank was concerned ...
Another big rate cut tipped for December - ninemsnOfficial interest rates are expected to be slashed by another 75 basis points on Tuesday, after a fall in a key inflation measure gave policy makers the green light to act aggressively. All 18 economists surveyed by AAP expect the Reserve Bank of ...
3 Men Watching Surf Drown in Rogue Wave Along California Coast - FOX NewsPOINT MUGU, Calif. — Three men drowned Thursday after being swept to sea by a rogue wave while watching the surf from a rocky outcropping along California's Central Coast. Two other men were pulled from the water and survived, said Capt. Bruce ...
And it's over... - Spokane Spokesman-ReviewHouse Bill 2416 -- reinstating the 1 percent property tax cap -- passed handily. Senate Bill 6178 -- letting households below $57,000 postpone half their taxes, so long as they pay them back with interest when they sell the home -- also passed ...
Sunday talk show tip sheet - Politico.comThe Sunday talk shows are taking a reflective look back at the outgoing administration of President George W. Bush and peeking ahead to the new administration of Barack Obama this Thanksgiving weekend. First lady Laura Bush headlines NBC’s “ Meet ...
Alistair Darling’s step into the unknown - Times OnlineJ. K. Galbraith, the author of Crash of 1929 , a book that Mervyn King, the Governor of the Bank of England, has been recommending to all his visitors since the start of the present financial crisis, once said that there are two kinds of economists ...
House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News BlogsABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...
Odds And Ends - New York Daily NewsBarack Obama named the director of the Congressional Budget Office, Peter Orszag, to be his budget director. Obama is limiting his inaugural donations. (Get more information here ). A congressional panel will consider the question : Was Eliot Spitzer ...
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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