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Ohio senators in favor of auto industry help - Toledo Blade
Ohio's two U.S. senators - one Democrat and one Republican - yesterday renewed their calls for Congressional action to save the Big Three automakers, even as the bailout price tag continued to rise. U.S. Rep. Marcy Kaptur (D., Toledo) also backed a ...

Cerberus says Daimler misled it on Chrysler - Toledo Blade
DETROIT - Relations between Chrysler LLC's current and former owners turned ugly yesterday when private equity firm Cerberus Capital Management LP accused Daimler AG of "intentionally and materially" misleading Cerberus before the German automaker ...

Morning headlines - WTGV
Just before midnight, a six-car accident shut down portions of I-75. The accident happened in the northbound lanes near the Anthony Wayne Trail, but crews shut down southbound lanes to get to the scene. We're told no one was injured. We are also told ...

Opening UAW contract 'what has to be done' - Detroit Free Press
The UAW, which became a lightning rod last month in tense Congressional hearings over proposed assistance for Detroit's automakers, made a bold move Wednesday to pave a smoother road for the Detroit Three. The automakers are to make a second attempt ...

IN BRIEF: News around Downriver - News-Herald
The Detroit Zoo will be open from 10 a.m. to 4 p.m. daily through March 31, though it’ll be closed on Christmas and New Year’s Day. Winter visitors often find that when the temperature drops, many of the animals become more active outdoors. There ...

Hedge Fund Tracking: Andreas Halvorsen's Viking Global, Q3 2008 - Seekingalpha.com
This is the Third Quarter 2008 edition of our ongoing hedge fund tracking series. Before reading this update, make sure you check out the preface to the series we're doing on Hedge Fund 13F's here . Next up, we have Andreas Halvorsen's Viking Global ...

Obama's A Team - Wall Street Journal
Paul Gigot: Coming up next on "The Journal Editorial Report," Obama's A team. We'll look at the players he's putting in charge of economic policy and their plans to turn things around. Plus, Citigroup's taxpayer parachute. You may be on the hook for ...

Read the 'JER' transcript - FOX News
This is a rush transcript from "The Journal Editorial Report," November 29, 2008. This copy may not be in its final form and may be updated. PAUL GIGOT, FOX HOST: Coming up next on "The Journal Editorial Report, Obama's A-team. We'll look at the ...

Obama tells NY Times he'd do better without Fox News around - Los Angeles Times Blogs
The New York Times, of all places, has a long interview coming out Sunday with the freshman senator from Illinois, Barack Obama. In it, the Democratic presidential nominee, who's leading in most recent political polls, still bemoans the existence of ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

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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