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News about Mortgages:
Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...
'Excellent credit to bankruptcy' in two years - News-Leader.comHoping to earn $50,000 in three years to help pay for their son's college education, an Iowa couple joined what was described as a risk-free housing investment program run by a Springfield company -- only to find their lives in financial ruins two ...
Career Moves - Raleigh News & ObserverStory Tools Donald R. "Don" Edwards has been named project manager at Southern Industrial Constructors/Southern Crane, industrial contractors in Raleigh. Jason Newton, a partner with Yates, McLamb and Weyher law firm in Raleigh, was elected treasurer ...
Man charged with hiding friend's body for weeks - Milwaukee Journal SentinelDec. 1, 2008 5:10 p.m. | A 27-year-old Milwaukee man charged with hiding a corpse may have kept his dead friend inside a garage after a suspected drug overdose for as many as three weeks, according to investigators. Garrett A. Berman told Milwaukee ...
A variety of news around Oregon and the Northwest - Ashland Daily TidingsSALEM — Oregon’s discretionary budget pie for the next biennium is worth about $16.1 billion, and on Monday Oregonians will get a better idea of who gets a slice and who gets sliced. Gov. Ted Kulongoski will announce his proposed state budget for ...
UK charities brace for 2009 fundraising shortfall - Buffalo NewsThe British Red Cross has canceled its winter fundraising ball - and that's just the tip of the iceberg. British charities are expecting a fundraising shortfall next year as corporations donate less, investments fall in value and fundraising costs ...
Excess lending, insolvency and the bailout - Estes Park Trail GazetteThe more I learn about the current economic crisis the less I like. A blog-book by Colorado College professor David Hendrickson (http://pictorial-guide-to-crisis.blogspot.com) demonstrates the depths of the problem with charts and graphs. Hendrickson ...
Some Consumers Say Wall Street Failed Them - Wall Street JournalThirty years ago, a typical consumer had a fixed-rate mortgage, a life-insurance policy, a bank account and an employer-paid pension plan. Nowadays, that same consumer may have a payment option adjustable-rate mortgage, a 401(k) retirement-savings ...
5 Ways to Avoid Being a Check-Fraud Victim - US News and World ReportBefore his arrest in 1969, elusive confidence man Frank Abagnale crisscrossed the globe posing as a pediatrician, airline pilot, attorney, and college professor while passing $2.5 million in bad checks in every U.S. state and 26 countries. So ...
IN BRIEF: News around Downriver - News-HeraldThe Detroit Zoo will be open from 10 a.m. to 4 p.m. daily through March 31, though it’ll be closed on Christmas and New Year’s Day. Winter visitors often find that when the temperature drops, many of the animals become more active outdoors. There ...
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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