Framingham Mortgage Rates and Information Online from competing Lenders

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Framingham officials devising foreclosure action plan - Boston Globe
With more than 200 foreclosed properties in town, Framingham officials have put together an action plan to help struggling homeowners, and are awaiting word on federal funds that would support key aspects of the effort. "The first thing is reach ...

Empty homes a danger to fire fighters and a nuisance to officials - MetroWest Daily News
As the staggering economy leads to more foreclosures, local officials are left to deal with the problem of keeping the empty homes from becoming eyesores and safety hazards. On Labelle Street in Marlborough, the contents of a foreclosed home ...

Mortgage Vs. Medicine - Newsweek
This week Billy Annese turned 28. That's remarkable since doctors once predicted that he'd never make it past 16. Annese suffers from a disease called Friedreich's ataxia, a progressive neurological disorder that, much like multiple sclerosis, gets ...

Hope is on the horizon for foreclosures - MetroWest Daily News
There are signs the state's foreclosure crisis may be easing. The number of foreclosure petitions in MetroWest and statewide dropped in October, a sign, housing advocates and local officials say, that lenders and borrowers are more willing to work ...

Editorial: Stemming the tide of foreclosures - Enterprise
The national numbers are staggering: An estimated 1.5 million homeowners went through foreclosure last year, and another 1.2 million in the first six months of this year. The FDIC estimates that unless something is done, between 4 million and 5 ...

Hewlett-Packard surges as profit beats estimates - The Age
Hewlett-Packard rose the most in six years in New York trading after posting profit that beat analysts' estimates and forecasting growth in 2009, signaling that the personal-computer maker will withstand a global slump. Fourth-quarter earnings were ...

CapeCodToday Blog Chowder - Cape Cod Today
"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...

Foreclosures: 'Preparing for the worst' - MetroWest Daily News
As foreclosures around the state and region have soared, MetroWest housing advocates said they have yet to see the bottom of the mortgage crisis's downward spiral. "Every month for the last year, it's been getting worse," said Chris Ross, executive ...

Hank Investigates: Secret in the Suburbs - WHDH-TV
It's the dirty secret of the affluent suburbs. Once gorgeous houses are now abandoned and in shambles. Who's leaving them in such dangerous and disastrous conditions? You'll be shocked at the who owns these places. Hank Phillippi Ryan Investigates ...

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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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