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News about Mortgages:
Government may soon back troubled mortgage giants - ForbesThe government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the nation's ...
Paulson to Take Over and Restructure Fannie, Freddie (Update4) - BloombergSept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson will use his authority to rescue Fannie Mae and Freddie Mac , likely placing the beleaguered mortgage-finance companies under government control as early as this weekend. The Treasury plans to ...
Gov't may back top troubled mortgage companies - International Herald TribuneWASHINGTON : Fannie Mae and Freddie Mac are expected to be taken over by the government as soon as this weekend in a bold move designed to protect the mortgage market from the risk the companies could fail, a person briefed on the matter said Friday ...
Jefferson Bancshares moves to acquire State of Franklin - TradingMarkets.comThe cash and stock transaction is valued at $10.9 million, according to a press release issued after the stock markets closed Thursday. The merger is expected to be completed in the third quarter or early fourth quarter. Following the merger ...
Gov't may take over top troubled mortgage companies - Pittsburgh Post-GazetteFannie Mae, headquarters shown here, and Freddie Mac, the nation's largest buyers and backers of mortgages, lost a combined $3.1 billion between April and June. WASHINGTON -- Fannie Mae and Freddie Mac are expected to be taken over by the government ...
Global Diversified Investment Grade Income Trust II - Recent ... - CNW GroupMONTREAL, Sept. 5 /CNW Telbec/ - Global Diversified Investment Grade Income Trust II ("Global DIGIT II") (TSX: GII.UN) announces that, further to recent announcements by Standard and Poor's Rating Services ("Standard & Poor's"), there has been a ...
Baltimore Has Poe; Philadelphia Wants Him - Herald TribuneBALTIMORE — Edgar Allan Poe never lived in one city for long, and ever since he died and was buried here in 1849 this city has claimed him as its own. Jessica Kourkounis for The New York Times Edgar Allan Poe, master of the macabre and a man of ...
Jailed CA Ex-Chief Kumar Points at Others - CFO.comFormer CA chairman Sanjay Kumar, from the prison cell where he is serving a 12-year term for his role in a massive accounting fraud scandal, pointed the finger at one-time boss and friend Charles Wang. Kumar alleged that Wang, cofounder of the ...
National News from AP: Headlines - Ledger IndependentWASHINGTON - The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the ...
McCain: Change is coming - CNN(CNN) -- Sen. John McCain is speaking to the Republican National Convention on Thursday night. Here is the partial text of that speech, as prepared for delivery: Sen. John McCain says the "do nothing" Washington crowd is in for a change. McCain ...

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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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