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In defence of the defensible - News.com.auWith the first, we are hostage to global events. In the continuing, arguably worsening, global meltdown, the answer is simply: wide open to the downside. The guarantee is somewhat different. It remains a mess. It's debatable whether that mess was ...
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