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HK shares erase early gains as local developers weigh - CNBCBy Jun Ebias HONG KONG, Dec 4 (Reuters) - Hong Kong shares fell 0.6 percent on Thursday, wiping out a 2 pecent gain earlier in the day, as investors dumped local developers after lenders such as HSBC raised their Hong Kong mortgage rates. But Chinese ...
Downturn hits Dubai's building bonanza - Guardian UnlimitedDubai 's multibillion-dollar building boom is grinding to a halt, with some of the Gulf emirate's most ambitious construction projects put under review as the global economic crisis hits home. Meraas, a government-owned developer, confirmed yesterday ...
Mortgage rates heading for record low with huge ECB cut - IndependentTHE European Central Bank could slash interest rates by three-quarters of a percentage point next Thursday, economists predicted yesterday. Such a cut -- from 3.25pc to 2.5pc -- would offer huge respite to homeowners, giving savings of between €75 ...
Further cuts likely as rate falls to 2.5% - Irish ExaminerHOMEOWNERS can expect to make further savings next year with more interest rate cuts likely, following yesterday’s historic move by the European Central Bank (ECB). The bank lowered its key interest rate by the most on record yesterday — by three ...
Reserve Bank slashes interest rates again to fight recession - News.com.auHOMEBUYERS are set to save almost $200 a month with the Reserve announcing a huge 100-point cut to official interest rates. The cut will lower the average repayment on a $300,000 mortgage by $193 a month. The NAB and Commonwealth banks have already ...
Straitened opt for cheap thrill - The AgeREAL estate agents are struggling and so is life insurance. But business is booming for debt collectors, state schools are being flooded with queries and the economic downturn has become a bonanza for the adult entertainment industry. If the 20 ...
Bipolar Bailout Disorder - Article.nationalreview.comC oming off the Thanksgiving holiday, Americans can be grateful for a government huge enough to work against itself. As cornucopian benefits flow from Washington, Uncle Sam turns out to suffer from Bipolar Bailout Disorder. Like a taxpayer-funded ...
Register for FREE - Wall Street JournalThe email address you have entered is already in use. Please re-enter the email address. Carlyle Group is cutting 10% of its staff today, the first large U.S. private-equity firm to announce firmwide layoffs as the industry braces for leaner times ...
Obama's Industrial Challenge - Huffingtonpost.comFrench President Nicolas Sarkozy recently made a blunt pronouncement that the incoming Obama administration would be well advised to take to heart. "Once the factories go," he said, "everything goes." With America's industrial sector going bust at an ...
AP News in Brief - International Herald TribuneMUMBAI, India (AP) — Commandos ended a siege of the luxury Oberoi hotel on Friday while other forces rappelled from helicopters to storm a besieged Jewish center, two days after a chain of militant attacks across India's financial center left at ...
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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