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Gordon Brown: give me another chance - Times Online
Gordon Brown is to appeal to the country to give him a second chance as prime minister when he makes a chastened speech to Labour’s party conference. Early drafts of Brown’s keynote address are said to strike a humble tone, acknowledging the ...

Business in brief - Independent
Share OIL: OPEC dismissed further calls to boost oil output from the US , saying the global market is well supplied and the producer group has little control over oil prices. US Energy Secretary Sam Bodman urged top exporter Saudi Arabia and OPEC to ...

Brown heads off rebellion as MP backs down over fuel windfall tax - The Independent
Gordon Brown last night avoided a damaging rebellion by Labour MPs over a windfall tax on energy companies. A rebel MP leading calls for suppliers to be hit with a one-off tax said that he no longer regarded it a "deal-breaker" in helping poor ...

BROWN AND DARLING ARE HAS BEANS - Daily Express
If incompetence were an Olympic sport, Broon and Darling would easily win gold and silver. A few months ago, the Liberal Treasury spokesman, Vince Cable, convulsed the Commons by pointing out that, since moving to No10, our sub-Prime Minister had ...

Housebuilders 'in denial' as new-home prices rise and buyers stay away - The Independent
Housebuilders are still increasing prices despite complaining of falling sales and seeking government aid. The Halifax house price index showed new homes in July cost 1.1 per cent more than a year earlier, even though prices across the whole market ...

Blair: Brown should go or Labour face disaster at polls... and to make ... - Daily Mail
Tony Blair believes Gordon Brown should consider standing down as Prime Minister rather than face the humiliation of defeat at the General Election, it was claimed last night. Well-placed sources close to the former leader said he was shocked and ...

Rebel Frank Field leads calls for curbs on migrants - Times Online
The leading Labour rebel, Frank Field, has teamed up with senior Tories to demand a cap on the number of immigrants settling in Britain. In a move that will alarm Downing Street, Field will tomorrow become the first prominent Labour figure to tackle ...

The credit gloom'will last to 2010' - This is Money
The boss of Britain's biggest mortgage lender says the financial downturn will persist until house prices in America start to rise again - and that could take 18 months. HBOS chief executive Andrew Hornby says it could be well into 2010 before the ...

Gordon Brown policies 'piling up budget deficit' - Daily Telegraph
Gordon Brown has left the public finances heading for a budget deficit almost as large as the one that triggered the 1970s International Monetary Fund bail-out, financiers have warned. Britain will have to borrow some £90?billion within two years as ...

Harriet Harman concedes economic gloom spells trouble for Gordon Brown - Daily Telegraph
The deputy leader backed Chancellor Alistair Darling's ominous assessment of the economy last week and admitted that Labour needed to "have a different conversation with the country now". She said: "When people feel that their lives are more of a ...

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Today's Mortgage Terms starting with L

  • Lender: The bank, mortgage company or mortgage broker providing the loan.
  • Loan Application: A statement of personal and financial information needed to apply for a loan.
  • Loan Application Fee: A fee applied by a lender to cover the initial costs of putting through a loan application. The fee could include the cost of getting a property appraisal, a credit report and a lock-in fee and other closing costs incurred to complete the transaction.
  • Loan Origination Fee: Fee charged by a lender for the administrative costs of processing a loan.
  • Loan to Value Ratio (LTV): The balance of the mortgage outstanding as a percentage of the home's price.
  • Lock or Lock In: A lender's guarantee of an interest rate for a specific period of time. The time period is usually between the loan application approval and loan closing. The borrower wants the lock to stay in effect until closing.
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