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Financial News
MBA Mortgage Applications Move Lower in Week Ending November 14 - Economicnews
(CEP News) - Weekly mortgage applications in the United States decreased in the week ending Nov. 14, according to data released from the Mortgage Bankers' Association (MBA) on Thursday, which reported an 6.2% week-over-week fall in applications. In ...

BSkyB to raise $600 million in bond issue - CNN Money
NEW YORK (Associated Press) - Satellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses. BSkyB, whose biggest shareholder is Rupert ...

Movers roundup: General Growth Properties, Akamai - Boston Globe
WASHINGTON (AP) -- Shares of troubled mall owner General Growth Properties Inc. fell Thursday after The Wall Street Journal reported the company has hired bankruptcy attorneys as it struggles to refinance debt. NEW YORK (AP) -- Akamai Technologies ...

Consumers in Crisis: Free Online Banking Information Center - PR.com
San Francisco, CA, November 22, 2008 --( PR.com )-- KeepandShare.com ( http://www.keepandshare.com ) today announced its free online banking information center. Available immediately, KeepandShare's new online banking information center combines ...

Commentary: Fewer and fewer options as housing crisis deepens - Madera Tribune
A new survey from First American CoreLogic, a real estate data company, has concluded that nearly a quarter of all homes with mortgages are worth less than what is owed on the loans. According to the data, which were first reported in the New York ...

Congress set to question Paulson, Bernanke - Newsweek
(NEW YORK) The two top salesmen for a $700 billion financial bailout are in for a grilling by Capitol Hill lawmakers just one week after the administration officially ditched the original strategy behind the rescue. Federal Reserve Chairman Ben ...

Citigroup plans a leaner future, cuts 53,000 jobs - Seattle Post Intelligencer
NEW YORK -- Citigroup, widely seen as the sickest Wall Street bank, will make some of the most severe cuts in the history of U.S. business - 53,000 jobs - as it tries to slash costs and get back to basics before it's too late. The cuts, which will ...

New York Times Cuts Dividend by 74% - Street.Com
Late Thursday the publisher of the the Boston Globe , the International Herald Tribune and its flagship paper lowered its dividend to 6 cents from 23 cents amid a worsening advertising slump. The sector has struggled as consumers and advertisers ...

Dow slips below 8,000 on growing fear of deflation - KTAR.com
WASHINGTON (AP) - A growing fear of economic deflation helped take the air out of the stock market Wednesday, and another white-knuckle final hour on Wall Street pushed the Dow Jones industrials under 8,000 to their lowest close since the financial ...

Fitch Downgrades 3 Classes of GMAC 1998-C1; Assigns Stable Outlooks - Businesswire.com
NEW YORK--( BUSINESS WIRE )--Fitch Ratings has downgraded GMAC Commercial Mortgage Securities, Inc.'s commercial mortgage pass-through certificates, series 1998-C1 as follows: --$25.2 million class H to 'B' from 'BB-'; Outlook Stable; --$14.4 million ...

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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.

    View all Terms
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