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PRESS DIGEST - Financial Times - Oct 9 - ForbesThe government has set out its plan to recapitalise British banks and resuscitate the frozen credit markets. The government could invest up to 50 billion pounds in the banking sector, while also offering cover for as much as 250 billion pounds of ...
PRESS DIGEST - British business - Oct 9 - ForbesStagecoach Group is set to cut staff in response to the economic difficulties that are expected to take a massive toll on jobs in London. The company runs South West Trains, the largest commuter franchise in the capital. Brian Souter, the group's ...
Obama says 'better days ahead' - Knoxville News SentinelINDIANAPOLIS - Democratic candidate Barack Obama on Wednesday urged Americans not to panic over the faltering economy, saying "there are better days ahead" - especially if he is elected president. Speaking to several thousand people in Indianapolis ...
Bank turmoil threatens more housing misery - International Herald TribuneLONDON : Homeowners should brace for a faster drop in the value of their properties as unprecedented turmoil in the global financial sector pounds sentiment in the flailing residential property market, experts said this week. Key market players said ...
Ala. woman's murder case going to grand jury - WATEThe case against the suspect in Jennifer Hampton's murder has been bound over to a grand jury. A Knoxville woman is charged with TennCare fraud for trying to use the program to fill prescriptions that were forged. After 6 News reported about $60,000 ...
When will crisis sink in? - Milwaukee Journal SentinelMadison - Government intervention is needed to help solve the financial crisis, financial experts said Monday. But until the seriousness of the situation hits average Americans directly, it might be difficult to convince them it's truly necessary. A ...
Half London homes on market for longer than 3 months - Evening StandardMore than half the properties for sale in London have been on the market for longer than three months, figures show today. The proportion of "stale" properties in the capital has jumped by almost 20 per cent since the start of the year. In January 32 ...
Claiborne bank taps a new leader - Knoxville News SentinelA Claiborne County bank is getting a change at the top. In a news release issued Friday, New Tazewell-based Citizens Bank said former president and CEO Steven Lewis "will be pursuing other interests" and that John William "Bill" Beard has been tapped ...
Obama heads south pre-debates - Knoxville News SentinelCHARLOTTE, N.C. - Democratic presidential nominee Barack Obama undergoes three days of preparation this week for a foreign policy clash with John McCain in the first debate of the general election campaign. Aides say it will be an opportunity for ...
Indexes Close Session With Solid Gains - Investors Business DailyA Fed decision to leave interest rates unchanged and word of a possible Treasury bailout of insurer AIG ( AIG ) appeared to serve an effective cocktail to investors Tuesday. Indexes recovered from steep early losses to post fat gains in heavy trading ...

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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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