Monroeville Mortgage Rates and Information Online from competing Lenders

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Former Doctor Sentenced In Lending Scam - Pittsburgh Channel
PITTSBURGH -- A former Pittsburgh physician has been sentenced to 41 months in prison for participating in a lending scam that prosecutors said cost banks between $400,000 and $1 million. Brian Tray, 52, and others inflated the sales price and values ...

Monroeville business owner from Derry allegedly flees - Pittsburgh Tribune Review
The FBI has seized the financial records of a defunct Monroeville investment firm owned by a missing man who allegedly bilked investors out of millions of dollars. Frank Guzik Jr., 39, a Derry resident who operated East Haven Development until he ...

Boscov's sites get caretaker - Pittsburgh Tribune Review
The fate of closed Boscov's stores at Monroeville Mall and South Hills Village now is in the hands of a court-appointed receiver. Gregory T. Malony, CEO of Jones Lang LaSalle Americas Inc., a Chicago-based commercial real estate company, was named ...

Dividend cuts eat away at retirement income - Forbes
A basket of dividend-paying stocks accounts for about two-thirds of Elaine Durham Mobley's annual income of $64,000. Her biggest and most reliable dividend holding? Some 5,000 shares of Bank of America Corp. But in late December - when the bank makes ...

Author: Jewish teachings helpful in economic chaos - Pittsburgh Post-Gazette
Rabbi Levi Brackman has been watching the happenings on Wall Street with one eye on the market and another on the Torah. He said the lessons of the ancient Jewish text are as relevant now as they were when they were written and business people would ...

Business news briefs - Pittsburgh Post-Gazette
Dick's Sporting Goods Inc. is lowering fiscal-year earnings estimates and this holiday is bracing for a 6 percent to 10 percent drop in sales at established stores. The Findlay retailer reported a 2.8 percent same-store sales drop in the quarter ...

Dividend cuts deplete many retirees' income - Akron Beacon Journal
BOSTON: A basket of dividend-paying stocks accounts for about two-thirds of Elaine Durham Mobley's annual income of $64,000. Her biggest and most reliable dividend holding? About 5,000 shares of Bank of America Corp. But in late December — when the ...

Retirees hit by dividend cuts - Fort Wayne Journal Gazette
BOSTON – A basket of dividend-paying stocks accounts for about two-thirds of Elaine Durham Mobley’s annual income of $64,000. Her biggest and most reliable dividend holding? About 5,000 shares of Bank of America Corp. But in late December ...

Diminished return - Worcester Telegram & Gazette
Cuts by some 36 financial services companies this year will take a total $31 billion from investors’ pockets. BOSTON— A basket of dividend-paying stocks accounts for about two-thirds of Elaine Durham Mobley’s annual income of $64,000. Her ...

Voters ponder options, discuss decisions - Observer-Reporter
In one week, it will be election eve. As the race to become the 44th president of the United States enters its final lap, here are some observations of the political contest from around Washington County with a baker's dozen of potential voters since ...

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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