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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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Cameron mortgage rates news:
Financial News
Housing boost the tip after Rudd Government handout - News.com.au
THE first big test of Kevin Rudd's $1.5bn housing package will come this weekend with high hopes of a turnaround in Queensland's property market. The willingness of Queenslanders to spend their way out of economic dire straits will be closely watched ...

ANALYSIS-Bank of Canada may cut rates again this month - Forbes
OTTAWA (Reuters) - The Bank of Canada may well cut its benchmark interest rate again on Oct. 21, adding heft to a a surprise reduction Wednesday that came as part of a coordinated global response to a tightening squeeze on credit. The central bank ...

Yesterday in parliament - Guardian Unlimited
Credit crunch The prime minister hailed the dramatic 0.5% interest rates cut as evidence that the government was prepared to do everything in its power to help businesses, mortgage-holders and consumers. He said: "The whole house will want to know ...

Central banks cut interest rates - BBC News
A £50bn UK bank rescue plan , global interest rate cuts. Follow how the rescue unfolded on this page. Read BBC Business Editor Robert Peston's view and BBC Political Editor Nick Robinson's view . Send your views. 1740 It has been a remarkable day ...

Prime minister's questions - live - Guardian Unlimited
Harriet Harman and William Hague deputise for the prime minister and the Tory leader today. 11:51am: If Gordon Brown were taking PMQs today, he might have experienced a rare opportunity to bask in glory as his backbenchers queued up to congratulate ...

Tuesday, October 7 - News.com.au
AUSTRALIA'S biggest lenders have begun to slash their mortgage interest rates - but borrowers will not receive the full one per cent cut approved by the Reserve Bank. AUSTRALIAN shares lower at noon in anticipation of this afternoon's interest rate ...

Hangover hits after debt-fuelled big spend - New Zealand Herald
The days of spending beyond our means are over - at least until the middle of next year, economists say. Holidays, new cars and flat screen TVs will be off the shopping list for many as the credit crisis brings an end to debt-fuelled spending. But ...

Brown Tells Rescued U.K. Banks to Raise Lending, Cut Bonuses - Bloomberg
Oct. 13 (Bloomberg) -- Gordon Brown extracted promises from three of the U.K.'s largest banks to lend more money at lower rates, stop paying dividends and change their bonus structures in return for a 37 billion pound ($64 billion) rescue. The ...

'Time it right' as interest rates tumble - Stuff
Interest rates are falling, but how far they will drop is a question being asked by more than 100,000 households that have $13 billion of mortgages rolling over soon. Christchurch couple Carla and Warren Amos have $355,000 coming off a six-month term ...

Relief for home owners as mortgage giants pass on interest rate cut ... - Daily Mail
Relief... and more despair: Mortgage lenders have pledged to pass on the rates cut but house prices have plunged a record 13 per cent this year British homeowners have finally been given some relief after four major mortgage lenders pledged to pass ...

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