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FINANCIAL SERVICES OUTLOOK - American Enterprise InstituteHaving now become explicitly government-backed entities, Fannie Mae and Freddie Mac (and their supporters in Congress) can no longer argue that they do not pose a risk to taxpayers. It is not politically feasible for the government to back private ...
Stepford Republicans: All Caught on Tape! - Common Dreams"The Stepford Wives" tells the chilling story of once smart, independent women who get abducted and turned into tamed, mindless robots. I have a theory about a similarly subversive process that turns grown men once capable of independent and reasoned ...
Obama goes gloves off, head-on - Las Vegas SunIn a Sun interview Sunday, Illinois Sen. Barack Obama addressed the suddenly front-and-center issue of race in his fight with New York Sen. Hillary Clinton for the Democratic presidential nomination. Looking poised and relatively fresh given the ...
What do you think of the Packers' picks? - Milwaukee Journal SentinelI don’t think the packers had that bad of a draft, I truly think they picked the best players available. I would have hated to see them reach for a receiver or TE just because they needed one. It is always funny to here so called experts on one ...
Sam Zell - New York ObserverShortly after a magnitude-5.8 earthquake hit Los Angeles this afternoon, the L.A. Times Web site went down. Managing editor John Arthur explained in an (obviously dashed off given the circumstances) email to staff: "our website server is staggering ...
Squire Sanders Names Stephen D. Lerner as Head of Firmwide Bankruptcy ... - PR NewswireCLEVELAND, Oct. 10 /PRNewswire/ -- Stephen D. Lerner, who has represented clients in some of the largest and most significant bankruptcies in US history, has been selected to lead the bankruptcy and restructuring practice at global law firm Squire ...
Subtracting the "IBM" from the ThinkPad - SalonTo say that Barney Frank and Larry Kudlow occupy opposite ends of the economic policy spectrum is like saying black is the opposite of white, or Milton Friedman might disagree from time to time with Vladimir Lenin. Frank, the Massachusetts Democrat ...
Four-legged victims of the foreclosure crisis - Delaware OnlineMary Ann D'Amato only has to look as far as the floor of her Minquadale home to see an impact of the nation's housing crisis. "His name is Panda," she said. "He came from a man who lost his home." Uncounted dogs and cats such as Panda are being ...
The heart of ArtWalk - Alpine AvalancheWhen talking to friends in the other world, in the urban metroglob, invariably I'll get this envious, yet condescending look, then they'll say something like, "You must really enjoy that slower pace of life." They have, I guess, these dreams of a ...

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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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