Harvard Mortgage Rates and Information Online from competing Lenders

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A Closer Look at Barack Obama's Cabinet - Jossip.com
With Barack Obama bringing an unprecedented level of color to the Oval Office – that is, any at all – many people were hoping his cabinet appointments would reflect the president-elect's diverse background. Those people are going to be ...

Time to Quarantine the Foreclosure Epidemic - American Progress
In 1902, faced with an outbreak of smallpox, the City of Cambridge, Massachusetts, adopted a mandatory vaccination law. Challenged by a Mr. Henning Jacobson as an unconstitutional infringement upon his liberties, this intrusion on individual rights ...

HUNTER IN TOP 10 - New York Post
You don't have to trek to Harvard, Yale or Stanford to get yourself some collegiate prestige. One of the best educational buys in America is right here on East 68th Street - CUNY's Hunter College. Hunter is No. 8 on the prestigious Princeton Review's ...

Sunstein to Bring Law & Behavioral Economics to Washington - Wall Street Journal
Last February, we spoke to Cass Sunstein about his then-impending move from U. of Chicago Law to Harvard. Sunstein, a 27 year Chicago veteran, headed Back East, in part, to become the director of HLS’s risk regulation program. When we asked him ...

Can't Afford to Get Divorced? Real Estate Law Expert Offers Steps to ... - Earthtimes
NASHVILLE, Tenn. , Jan. 8 /PRNewswire/ -- Before the housing market crash, divorcing couples used to fight over who would get to keep the house. Now they fight over who will get stuck with the liability of a mortgage that costs more than the house is ...

The Empty Case for More Regulation - Reason.com
If there is anything we have learned from the crisis in the financial sector, it's the urgent need for more regulation. Had federal regulators been more vigilant or wielded greater powers, all this suffering and heartache might have been averted ...

Close-up: How much spending is too much? - Seattle Times
Deficit hawk Rep. John Spratt, right, a Democrat, shown with Sen. Kent Conrad, D-N.D., wonders if there is some limit on "how much borrowing and debt creation we should take on?" WASHINGTON — As ranking Democrat and then chairman of the House ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. The Wall Street Journal follows eight out-of-work M.B.A.s as they search for jobs in a post-meltdown world. Ms. Jordan is a former operations ...

Tuition Ammunition: a Happy Lesson on Lending - Wall Street Journal
Despite a massive federal effort to aid banks and boost the economy, lending has plunged in the last year. Home-mortgage volume and bank loans to big companies are down dramatically. But the government's response is expanding credit in at least one ...

Entries for January 2009 - US News and World Report
We crave the short term relief and want it as soon as possible. The stimulus plan will be crafted by mid-February to spend $775 billion. It's a major stretch to think that Congress can find a way to efficiently spend or allocate out this massive ...

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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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