Berlin Mortgage Rates and Information Online from competing Lenders

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Obama, Bush dine with ex-presidents at White House - Reuters India
WASHINGTON (Reuters) - President George W. Bush and his successor, Barack Obama, joined all the living U.S. presidents on Wednesday for a historic meeting at the White House two weeks before the country's next transfer of power. Bush, a Republican ...

Business News Stories - Atlanta Journal Constitution
LONDON — Britain's financial services regulator said it will lift a ban on the short-selling of shares in scores of financial companies later this month... Porsche takes indirect control of Scania (01/05/2009) BERLIN — Porsche SE says it has ...

Free Market Clintonism, RIP - Reason.com
Hillary Clinton was angry about free trade, and she wanted Wisconsin to know it. “I’m tired of being played for a patsy,” the candidate said, 48 hours before the state’s Democrats would hand a 17-point landslide to Barack Obama. “It’s ...

Daimler Decides Not To Buy Volvo From Ford -Report - Beurs.nl
BERLIN (AFP) - German car giant Daimler (DAI) has decided not to buy Swedish-based Volvo Cars from ailing U.S. Ford, according to the weekly Der Spiegel's upcoming edition. 'Daimler boss Dieter Spiegel has carried out a close examination of a ...

The End of Capitalism? Not quite, but nearly.... - OpEdNews.com
In the summer of 2008, the Bank for International Settlements (BIS) warned of the danger of another Great Depression rivaling the economic crash of the 1930s. The problem supposedly began with the US sub-prime mortgage crisis, whereby American banks ...

Money and Monetary Policy - Chicago Tribune
NEW YORK (AP) — The dollar rose against most major currencies Tuesday despite disappointing readings on pending home sales and factory orders, as speculation mounted that the European Central Bank will continue its rate cut campaign in the face of ...

Russia Gas Disruption Bites in Europe - FoxBusiness.com
MOSCOW--A sharp escalation of Russia's gas dispute with Ukraine cut supplies on Tuesday to the Balkans, Turkey and southeast Europe, and the EU urged Moscow and Kiev to find a solution by the end of the week. Bulgaria, Turkey, Macedonia, Greece and ...

Week in Review - Times-Argus
Legislative leaders are considering sending lawmakers home for two weeks at some point in the 2009 session to either save taxpayers a little money or allow for additional meeting time – most likely to deal with budget issues – at no additional ...

Inaugural hope, but America is in shock - Huffingtonpost.com
America is in shock. It is not because of the unusual sight of the first black president taking up residence in the White House. Barack Obama's profile, after all, is more familiar to the diverse population of today's ethnically and racially hybrid ...

Economy News - Yahoo News
WASHINGTON (Reuters) - With the economic outlook darkening, U.S. President-elect Democrat Barack Obama went to Congress two weeks before taking office to try to entice Republican support for a massive stimulus package with talk of big tax cuts ...

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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