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Russian govt. approves further $2bln bailout for domestic firms - RIA NovostiMOSCOW, November 21 (RIA Novosti) - Russia's state development bank Vnesheconombank has approved a further $2 billion to help Russian companies repay their foreign debts amid the global financial crisis, VEB said on Friday. VEB said the funds would ...
New alarm over economy as retail sales plummet - Seattle Post IntelligencerWASHINGTON -- The worst monthly drop on record for retail sales set off new alarm bells about the economy Friday, stepping up pressure on policymakers to figure out how to combat what increasingly looks to be a severe recession. Confronting ...
Nov 17, 5:39 AM EST - Associated PressWASHINGTON (AP) -- With the global economy threatening to slip into a prolonged recession, world leaders have come up with a lengthy action plan they hope will bolster badly shaken investors' confidence. The plan was produced at a weekend meeting of ...
Citigroup layoffs trump global economic plan - KTAR.comWASHINGTON (AP) - Another round of massive layoffs at Citigroup and more bad financial news Monday led investors to shrug off the lengthy action plan from world leaders designed to address a sagging global economy. Citigroup said it will cut about 53 ...
RBI stimulus for strapped credit mkt - Economic TimesMUMBAI: A day after the G20 global leaders’ meet on tackling the financial crisis, the Reserve Bank of India took the lead among central banks in moving to boost credit markets. The central bank removed the additional capital requirement placed on ...
Former Ecuador leaders deny profit from bond deals - ForbesFormer Ecuadorean leaders said Friday that President Rafael Correa was playing politics when he accused them of taking bribes during $3.9 billion in debt renegotiations. Spokesmen for both banks declined to comment on the charges. But former ...
Congress may have to approve a 'TARP 2,' economist says - Bloggingstocks.comWith credit markets remaining under stress, and with uncertainty growing regarding the status of megabank Citigroup (NYSE: C ), the U.S. Congress may have to take more action to maintain financial system stability and prevent the U.S. economy from ...
Consumers cut back on spending in wake of crisis - NewsweekRecommended (6) As the World Reels Q&A: CFR's Haass on Obama's Foreign Policy Agenda The Anatomy of Fear, and Its Effect on the Economy It Now Takes Three Men to Do What J.P. Morgan Did The Economy: Why It’s Worse Than You Think Roundtable ...
Top salesmen for financial bailout face grilling - WTOP RadioWASHINGTON (AP) - The two top salesmen for a $700 billion financial bailout are in for a grilling by Capitol Hill lawmakers just one week after the administration officially ditched the original strategy behind the rescue. Federal Reserve Chairman ...
Ecuador: ex-officials deny gaining from bond deals - WTOP RadioQUITO, Ecuador (AP) - Former Ecuadorean leaders said Friday that President Rafael Correa was playing politics when he accused them of taking bribes during $3.9 billion in debt renegotiations. Correa said the former officials and two investment banks ...
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.
View all Terms