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I'm Swearing Off Stocks - Forbes
I wasn't struck by lightning. I didn't have an epiphany. Just the steady drip, drip, drip of bad news has turned me from my longstanding optimistic view on U.S. markets to a much more sober outlook for the next several years. We're in a global ...

City hall complex project to total over $7 million - Daily Telegram
If the city of Adrian pursues refinancing some of its debts, it will spend more than $10 million when the cost of the city hall complex is included. City administrator Dane Nelson said at a pre-meeting scheduled before the commission’s regular ...

Low rates breathe life into mortgage market - Columbus Dispatch
A recent half-percentage-point drop in 30-year home loans is jolting a mortgage market that has been weighed down by a nose-diving economy and troubled credit markets. Mortgage applications were up 112 percent during the week that ended Nov. 28 ...

Debt-hit Dublin pubs seek bankruptcy protection - WTOP Radio
DUBLIN, Ireland (AP) - 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 ...

Specter: Big Three Didn't Heed Warnings - The Bulletin
Philadelphia - U.S. Sen. Arlen Specter, R-Pa., met with top executives from the Big Three in Center City yesterday to gain an understanding of the financial crisis facing American automakers. Mr. Specter said the auto companies knew early on about ...

Refinancing a viable option for certain homeowners - McAllen Monitor
McALLEN - It sounds silly to borrow more money to save money, but after interest rates plummeted last week, it's an attractive option. Refinancing is not as simple as just taking out another loan, but for homeowners it's a good bet - if they can ...

Fannie, Freddie Mortgage-Bond Spreads Retrace Fed-Sparked Gains - Bloomberg
Dec. 3 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds widened relative to U.S. Treasury notes, retracing gains from the past week as investors anticipated an increase in the amount of securities. The difference between ...

Senior Housing Ranks Best Of REIT Types - Yahoo News
Realtors trying to sell a choice block of riverfront land in Portland, Ore .'s new South Waterfront District think it would make a perfect spot for a senior-housing complex. It's by a hospital and public transportation. A park and walking trails are ...

Birmingham Mayor Larry Langford Faces Bribery Charges (Update2) - Bloomberg
Dec. 1 (Bloomberg) -- Birmingham, Alabama’s mayor was charged with bribery and money laundering in connection with municipal bond and derivative deals while he was president of the Jefferson County Commission, according to an indictment unsealed ...

Pilot's life is hijacked by early-onset Alzheimer's disease - Pittsburgh Post-Gazette
Alan Romatowski, 57, has been diagnosed with early-onset Alzheimer's disease. His home is set in a wooded area of Middlesex, Butler County. Alan Romatowski sits in the tasteful suburban living room of his older neighbors listening to Georgia Molloy ...

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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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