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Two German banks tap state funds for aid (Roundup) - Monsters and Critics
Hypo Real Estate (HRE), the first German bank to nearly collapse in September, said it won 20 billion euros (25 billion dollars) in guarantees from Soffin, a federal government agency with a 480-billion-euro war chest. HRE said the underpinning from ...

Citigroup plans a leaner future, cuts 53,000 jobs - WTOP Radio
NEW YORK (AP) - 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 ...

Consumers may get ray of good news: lower prices - KTAR.com
WASHINGTON (AP) - American consumers hit by a seemingly endless stream of bad news, from vanishing jobs to shrinking retirement accounts, may be in for a small dose of relief: lower prices at stores. The Consumer Price Index, the country's most ...

Lawmakers press Paulson on bailout plan changes - Seattle Post Intelligencer
WASHINGTON -- Faced with exasperated lawmakers upset by shifts in bailout strategy, Treasury Secretary Henry Paulson launched a spirited defense Tuesday of his handling of the $700 billion program and expressed fresh reservations about tapping the ...

Two German banks tap state funds for aid - Summary - Earthtimes
Berlin - Two reeling German banks tapped state funds for billions of euros in aid Friday. Hypo Real Estate (HRE), the first German bank to nearly collapse in September, said it won 20 billion euros (25 billion dollars) in guarantees from Soffin, a ...

Two German banks tap state funds for aid - Top News India
Berlin  - Two reeling German banks tapped state funds for billions of euros in aid Friday. Hypo Real Estate (HRE), the first German bank to nearly collapse in September, said it won 20 billion euros (25 billion dollars) in guarantees from Soffin, a ...

Tea Fire Takes Conejo Road Residents by Surprise - Santa Barbara Independent
del.icio.us. Outside San Marcos High School’s Red Cross shelter Friday, sitting with homeowners’ insurance agents under make shift tents, people whose homes burned to the ground Thursday night were grappling with reality. A handful of those who ...

Dow slips below 8,000 on growing fear of deflation - Newsweek
Recommended (6) Samuelson: Good Times Breed Bad Times Meet Ben Bernanke: Depression Scholar, Superhero The Economy's a Wreck, But We Can Fix It Hirsh: Make Big Banks Pay for Financial Crash Global Experts Weigh In On U.S. Financial Crisis Business ...

PM in vow to entrepreneur - Leicester Mercury
The Prime Minister has promised to investigate the case of an award-winning entrepreneur who blames her bank for forcing her to the brink of bankruptcy. When the credit crunch hit, Bernie Taylor, who runs the Mulberry Pub Company, in Melton, turned ...

Bailing out homeowners - Romesentinel.com
After bailing out banks, investment houses, a big car loan company and AIG insurance (twice), the federal government finally may be getting around to individual homeowners. It’s about time. After all, it was failing mortgages that fueled this fall ...

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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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