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One step back: Editors' Picks for Wednesday from The PD - Cleveland Plain Dealer BlogThis morning's Print Edition overturns a rock in, of all places, tony Bratenahl, where we discover the police department's evidence room has lost track of several years' worth of confiscated weapons, drugs and cash. The rest of the front page is ...
What luxury looks like now - Women.timesonlineThe Kurt Geiger boutique on South Molton Street in Mayfair looks cool, even on an unseasonably warm November day. The impeccably polished burgundy cabinets are full of the latest shoes. The Gina Rox come with stratospheric heels and an even giddier ...
Northeast Ohio job losses spread; experts say economy will get worse - Cleveland Plain Dealer BlogCarlos Osorio/Associated Press The horizon is dark for automakers like General Motors, which has announced plans to layoff 1,000 workers in Lordstown. Economists call it the "paradox of thrift." As job anxiety spreads, nervous consumers are salting ...
Investigator Exclusive: Mortgage company abandons customers' personal ... - WKYCChannel 3 news found a garbage dumpster full of Clevelanders' personal information, including bank statements, credit reports, and tax returns. Thousands of pages of sensitive documents were thrown out in a dumpster located behind a pizza shop at ...
2008 Gift Guide: Big boxes to make your holidays bright - Cleveland Plain DealerThere are plenty of excuses, if you want them. The mortgage crisis. The credit squeeze. The weather (it was 60 degrees on Friday). The traffic lights on Euclid take too long to turn green. But let's face it: You and I and Aunt Ida aren't going to ...
Business Notebook - Cleveland Plain Dealer BlogPolyOne Corp. received the Frost & Sullivan 2008 Colorants and Masterbatches Green Excellence of the Year Award, which recognizes the Avon polymer company's focus on environmentally conscious practices. Ollie's Bargain Outlet has opened its fourth ...
Summit County home owners use new program to escape foreclosure - WKYCAKRON -- More than 100 Summit County homeowners are stepping forward to help save their homes from foreclosure by allowing a program backed by government bonds to buy their homes from the banks that own the mortgages. American Homeowner Prevention ...
On the Go - Cleveland Plain Dealer BlogEducational Service Center of Cuyahoga County: Jennifer Felker was promoted to assistant superintendent, director of operations. The Center includes Cuyahoga Heights, Independence and Richmond Heights local schools. Services range from programs aimed ...
Struggler McCain tries to tag Obama as a risk - Hong Kong StandardThree skydivers in Nepal entered the record books, plunging from above the height of Mount Everest to land at the world's highest drop zone. Pork pies from the market town of Melton Mowbray in central England are to take their place alongside ...
Economic pressure requires you to better cope with stress - Cleveland Plain DealerDon't panic. That's the advice we hear from every financial expert regarding our current economic crisis. No one however, is telling us how to accomplish this task. The current state of the American economy has everyone's anxiety at an all-time high ...
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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