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Barack Obama used yesterday's Oval Office meeting with President Bush to press for immediate aid for the struggling US car industry, according to leaked reports. Mr Bush said that he could support some aid in exchange for approval of a free-trade ...

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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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