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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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Scotland mortgage loans news:
Financial News
Mortgage misery as banks begin to hike rates - Independent
Homeowners are being tested in a tightening market Most mortgage lenders are set to raise the interest rates they charge their customers next year. The bad news for homeowners comes after AIB yesterday became the fourth bank in a month to raise ...

Pound Posts Weekly Decline Against Dollar After Mortgage Approvals ... - Bloomberg
Jan. 3 (Bloomberg) -- The pound slid for a third week against the dollar, the longest run of declines since September, and two- year gilt yields tumbled to the lowest level on record as reports showed U.K. mortgage approvals fell and manufacturing ...

Mortgage hangover set to continue - This is Money
A Bank of England 'credit conditions' survey is today expected to show banks are sharply restricting supplies of home loans and overdrafts as they preserve their capital. And a separate report from the Old Lady is tipped to show lenders approved a ...

No new UK bank bailout: PM Brown - Reuters
LONDON (Reuters) - The British government is talking to lenders about stepping up loans to credit-starved companies, but a second bailout of banks is not the preferred option, Prime Minister Gordon Brown said on Sunday. "I don't think that's the ...

New Bank Bailout Not on Cards: UK's Brown - CNBC
The British government is talking to lenders about stepping up loans to credit-starved companies, but a second bailout of banks is not the preferred option, Prime Minister Gordon Brown said on Sunday. Sharon Lorimer "I don't think that's the first ...

New bailout not on Brown's agenda - International Herald Tribune
The government is talking to lenders about stepping up loans to credit-starved companies, but a second bailout of banks is not the preferred option, Prime Minister Gordon Brown said on Sunday. "I don't think that's the first thing that anybody would ...

Business in 2009 - Times Online
Britain has started the new year with an almighty financial hangover. The cause is years of overconsumption and a reckless debt binge. The result will be months, possibly years, of pain. The Government and the Bank of England will throw the whole ...

Chancellor considers second bailout for banks as lending crisis ... - Daily Mail
Chancellor Alistair Darling may opt for a further bank bailout as the £37billion cash injection is not yet working Chancellor Alistair Darling is considering further steps to try to unfreeze the credit market, including a second bailout for banks ...

New Bank Bailout Not on the Cards, UK’s Brown Says - TechWeb
The British government is talking to lenders about stepping up loans to credit starved companies, but a second bailout of banks is not the preferred option. (Updates with Brown, Darling comments, BBC report) LONDON, Jan 4 - The British government is ...

New Forth Bridge plan in disarray - Scotsman
Scottish finance secretary John Swinney had asked Westminster for the cash injection during construction of the £2.3bn project between 2012 and 2016, claiming the huge cost of the bridge justified such an arrangement. But Scotland on Sunday can ...

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