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News about Mortgages:
Obama, McCain call for changes in mortgage giants - Napa Valley RegisterTERRE HAUTE, Ind. - Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee ...
Candidates weigh in on stabilizing Fannie, Freddie - Napa Valley RegisterIn this July 2, 2008 file photo, a foreclosed home is seen for sale in Sacramento, Calif. A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing ...
Tips for filing as head of household - Baltimore SunBaltimoresun.com's tax-advice column features three experts from the Hunt Valley accounting firm SC&H Group answering questions about preparing your return every Monday until April 16. To be included in the following weeks, please use the form at the ...
Another Valley Bank Shuts Down - KPHOWASHINGTON -- Nevada regulators have shut down Silver State Bank. It was the 11th failure this year of a federally insured bank. READ: Bank Information For Customers Silver State Bank has operated 12 branches in Nevada and Arizona as well as loan ...
Obama, McCain target working-class voters - MSNBCSept. 6: MSNBC's Pat Buchanan examines what is next for Gov. Sarah Palin and how she fits in with the GOP strategy. WASHINGTON - As Americans were rocked by more bad news about the economy, presidential rivals Barack Obama and John McCain entered the ...
Valley's housing woes get hearing in Stockton today - Modesto BeeWHAT: The foreclosure crisis in the San Joaquin Valley is the focus of a meeting of the House Committee on Financial Services today in Stockton. WHEN: Noon. The public is invited. WHERE: The Stockton Arena, 248 W. Fremont St. WHO: Among those invited ...
Hamish McRae: The slide in sterling may have spoilt our holidays but ... - The IndependentThe fall in sterling has become our "get out of jail" card. It may not have felt like that if you have been away on the Continent during the past few weeks and it may not feel like that at the petrol pumps. There are certainly costs to us all. The ...
Chapter 7 planned by Seibt - Pahrump Valley TimesHans Seibt, a prominent landowner in Nye County, announced he plans to file for Chapter 7 bankruptcy protection for various companies. Seibt's companies include Clark and Nye County Development Corp., Seibt Enterprises, N.S. Development Corporation ...
Housing assistance providers work to stop ban - AZCentral.comHousing-industry representatives are seeking a federal pardon for seller-funded down-payment assistance in the days leading up to its scheduled execution. Valley loan originators and home builders are bracing themselves for a sharp drop-off in new ...
Rep. Frank: gov't will stabilize Fannie, Freddie - NewsweekWASHINGTON) A top House Democrat confirmed Saturday that the government is planning to intervene to stabilize troubled mortgage finance companies Fannie Mae and Freddie Mac

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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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