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News about Mortgages:
Ex-superintendent seeks Calhoun school board seat - Times and DemocratST. MATTHEWS – Dr. Ernest “Bucky” Stokes Jr., a former Calhoun County School District superintendent, has announced his candidacy for the nonpartisan District 4 seat on the Calhoun County School Board in the Nov. 4 general election. Stokes is ...
Center for Responsible Lending: Congress Must Address Foreclosures - MSN MoneyCentralWASHINGTON , Oct. 6 /PRNewswire-USNewswire/ -- Now that Congress has passed the $700 billion bailout bill to address the credit crunch, there is an urgent need to address the root causes of today's economic crisis -- massive foreclosures in our ...
Gloomy earnings season likely, analysts say - Atlanta Journal ConstitutionNary a Wall Street investor is surprised that third-quarter earnings reports due in the coming weeks are predicted to be a washout. Those waiting for some good news in a market that lost more than $7 trillion over the past 12 months ought to be ...
Experts: Bailout has little impact on individuals - SaratogianCAPITAL REGION - The ink's dry, but the question remains: what does the recently signed $700 billion Wall Street bailout mean for you and your pocketbook? The answer, at least for now, is not much. "It will not improve our lives in any measure ...
Real estate transfers - Elkhart Truth24465 C.R. 4, Elkhart, $55,000, George E. Malcom; sold to Dennis Betler, April 4. 54253 Southwood, Elkhart, $37,000, Sheriff of Elkhart County Michael K. Books; sold to Michiana Investment Properties LLC, April 30. 1720 Jeanwood, Elkhart, $73,000 ...
City seeks applicants for condos - Charleston Post & CourierThe line forms Tuesday morning for a chance to buy a new condo in a desirable neighborhood on the Charleston peninsula for as little as $112,500. The 42 condos known as the Cottages at Longborough are part of Charleston's home- ownership initiative ...
election LETTERS - Medford Mail TribuneI participated in a discussion of Measure 65, the Open Primary Act. It groups candidates for office together in primaries and the top two advance to the general. Participant Norma Paulus used past experience as justification for the measure, saying ...
The Palin Problem - NewsweekThe question, the McCain campaign later acknowledged, was a fair one. In one of her sit-downs with Katie Couric of CBS News, Sarah Palin was asked to discuss a Supreme Court decision with which she disagreed. "Well, let's see," Palin replied, pausing ...
Calendar of Events - Alexandria Daily Town TalkALEXANDER DISTRICT STAFF TO HOLD SATELLITE OFFICE HOURS: 9-9:30 a.m., Turkey Creek Town Hall; 9:45--10:15 a.m., Pine Prairie, Town Hall; 10:30-11 a.m., Ville Platte Courthouse PJ Room, 1-1:30 p.m., Oakdale City Hall; 2-2:30 p.m., Elizabeth, Community ...
Clubs and Associations - Chicago TribuneDear Amy: For the past 15 years, my brother has been collecting Social Security disability payments for a "bad back." Meanwhile, he maintains a physically active lifestyle that includes such activities as skiing. He and his wife travel at least one ...

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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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