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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 D

  • Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
  • Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
  • Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
  • Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
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