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Mortgage relief at last, if the banks play ball - News.com.au
THE Rudd Government and homeowners can today look forward to the first piece of good interest rate news in more than seven years - a 0.25 per cent cut. And the Government last night prepared for the long-awaited rates cut by pledging a $76 billion ...

Canadians support government's handling of economy: Flaherty - Globe and Mail
David Hogg from Victoria, Canada writes: Mr. Flaherty and his cabinet colleagues are economic heroes and legends in their own tiny little minds. The biggest difference in the US economy and ours is reflected in the mortgage market and housing market ...

Government may soon back troubled mortgage giants - WTOP Radio
You and me. Us taxpayers. Sheesh, I sure don't want to pay for other person's greed - in the banking industry making the loans, or mortgage debtors too dumb to know they overextended themselves. The bank loaners need to accept responsibility but so ...

Lehman may split off weak holdings - International Herald Tribune
NEW YORK : Lehman Brothers, the ailing Wall Street investment bank, is working toward a radical solution in its fight for survival: splitting itself into a "good" bank and a "bad" one. Lehman, which has been searching for a financial lifeline from ...

Federal relief - Concord Monitor
Allenstown is offering to buy more than a dozen flood-prone properties with a $2.1 million federal grant, part of a town-wide effort to clear risky areas of people, possessions and homes. Emergency management officials hope residents are willing to ...

Lehman weighs splitting in two to rid itself of troubling loans - International Herald Tribune
Lehman Brothers, the ailing Wall Street bank, is working toward a radical solution in its fight for survival: Splitting itself into a "good" bank and a "bad" one. Lehman, which has been searching for a financial lifeline from outside investors, is ...

Associations win grant rates battle - InsideHousing
Housing associations are to be offered more generous government grants in a bid to keep them building through the housing market crisis. The Communities and Local Government department this week announced plans to deliver 5,500 more social homes over ...

Day of the vampire: HBO's sexy, scary 'True' the latest to stoke our ... - AZCentral.com
It's a great time for bloodsuckers, and we don't mean the folks who work in the mortgage industry. Vampires are among us, if not literally (and some who file their own fangs would dispute even that), then at least in arts and culture. The release of ...

Gustav revives fears of Katrina - Baltimore Sun
CHALMETTE, La. - A big sign at the harbor here encourages: "Think Positive, St. Bernard!" But after three years in a government trailer, Beth Basile is finding that hard to do. Nearly every structure in St. Bernard Parish, east of New Orleans, was ...

Banks earn $225,000 a day by keeping credit card rates high - News.com.au
THE big banks are earning nearly $225,000 a day by refusing to deliver the Reserve Bank's interest rate cut to thousands of credit card customers. The major banks have not reduced credit card rates, despite the rush to slash home loan and mortgage ...

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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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