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U.K. takes over Royal Bank of Scotland - International Herald Tribune
LONDON : The British government took control of Royal Bank of Scotland on Friday after investors shunned the lender's share sale, paving the way for a larger government role in Britain's banking sector. Investors only signed up for 0.24 percent of ...

Fed Aid Sets Off a Rush to Refinance - Wall Street Journal
The Federal Reserve's attempt to stabilize the housing market set off a chain reaction across the U.S. on Tuesday, dropping interest rates and quickly spurring a burst of refinancing activity by borrowers eager to lower their mortgage costs. Some ...

PRESS DIGEST-Australian Business News - Dec 4 - CNBC
Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) -- West Australian Newspapers (WAN) has lost half of its board following the sudden ...

Game over? English football at bursting point - The Independent
Amid a frenzy of borrowing to pay the wages of international superstars– and build extravagant new stadiums – the most treasured clubs in the Premier League have been sold off to foreign investors. But as times get hard, English football could be ...

Debt-hit Dublin pubs seek bankruptcy protection - Buffalo News
Dublin's premier pub-running company won bankruptcy protection Friday in a surprising sign that Ireland's credit crunch is pushing even the most liquid of businesses to the breaking point. High Court Justice Brian McGovern granted bankruptcy ...

Back pages on night of frustration - This Is Anfield
It’s early December and we find ourselves at the top of the Premier League table, a point ahead of Chelsea and six ahead of Manchester United. Happy days. But last night’s goalless struggle at home to West Ham did not look like the sign of a ...

4 Pirates Killed in Standoff off Coast of Sierra Leone - FOX News
FREETOWN, Sierra Leone — Pirates attacked a Chinese fishing vessel in a rare attack off West Africa, officials said Thursday. Four of the pirates, all from neighboring Guinea, were killed early Wednesday in a clash with the Sierra Leone navy ...

Matthew Upson, sole survivor - Times Online
Matthew Upson, outstanding for club and country in his two most recent games, says he found his form under Fabio Capello and his fitness in the Yellow Pages. Upson, at 29, is playing the best football of a career that brought him a Premier League ...

Kiev crunch - Financial Times
It has been a rough ride for Viktor Yushchenko, Ukraine’s pro-west president, since his triumph in the 2004 Orange Revolution – and it is about to get much rougher. The domestic political conflicts and persistent headaches of dealing with ...

Local bankruptcies have risen sharply - Louisville Courier-Journal
Transferred to Louisville from Oregon 2½ years ago, Ed and Cherri Dubiak had trouble selling their old home and soon found themselves overwhelmed by bills, including $65,000 in credit-card debt. "Every credit card I had was getting maxed out," said ...

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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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