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Gazprom Leads Surge in Russian Debt Risk to Five-Month High - BloombergAug. 27 (Bloomberg) -- OAO Gazprom led a jump in the cost of protecting Russian companies from default to the highest in almost five months on investor concern the country's military incursion in Georgia will trigger a rise in borrowing costs. Credit ...
Mayor boasts of '07 Allentown surplus - Allentown Morning CallAllentown Mayor Ed Pawlowski announced Tuesday that the city finished 2007 with its second consecutive budget surplus, but he stopped short of pledging not to increase taxes next year. ''When I came in office, we faced a $2.7 million deficit, with ...
ECONOMY: Durable Goods Orders Jumped 1.3 Percent in July - Global PoliticianToday, the Commerce Department reported new orders for producer durable orders bounced up 1.3 percent in July. This confounded the more conservative estimates of forecasters�the consensus of prognosticators was for a 0.2 percent gain. Orders for ...
The Boom Was a Bust for Ordinary People - Common DreamsI t begins to sound a bit naughty -- all this talk about the need to "stimulate" the economy, as if we were discussing how to make a porn film. I don't mean to trivialize our economic difficulties or the need for effective government intervention ...
Obama's plan to change the economy - SalonIn the past quarter-century, there has probably never been a better time for a presidential candidate to charge into downtown Manhattan and make a speech arguing for more regulation of the financial industry. The moral authority of market ...
Why check with Land of Lincoln Credit Union FIRST for your next auto ... - WAND TVLow Rates -You owe it to yourself to check out Land of Lincoln Credit Union BEFORE you head to the dealership. We offer low rates on the models you want! Fantastic Terms - Choose from the following standard budget-friendly terms: 36, 48 60 or 72 ...
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Where Either a Borrower Or a Lender Can Be - Wall Street JournalWhen Jeff Walsh wanted to refinance the small-business loan on his coin laundry, he didn't want to take a chance that his bank would reject his application. "I just bought a house in 2007 and was a little nervous about what the bank would say about ...
Alan Greenspan on the mortgage crisis: "I didn't do it!" - SalonThe credit crisis must be endangering the Maestro's legacy. How else to explain Alan Greenspan's defensive analysis of how the markets went awry in "The Roots of the Mortgage Crisis," published in Wednesday's Wall Street Journal. As Greenspan sees it ...

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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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