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News about Mortgages:
Nearly 10 percent of Latinos lag on mortgages - Washington ExaminerNearly one in 10 Latino homeowners fell behind in mortgage payments last year, and about 3 percent said they had received a foreclosure notice, a Hispanic research group reported Thursday. The Pew Hispanic Center's survey of Hispanic adults found ...
Nearly 10 percent of Latinos lag on mortgages - Boston GlobeWASHINGTON— Nearly one in 10 Latino homeowners fell behind in mortgage payments last year, and about 3 percent said they had received a foreclosure notice, a Hispanic research group reported Thursday. The Pew Hispanic Center's survey of Hispanic ...
Nearly 10% of Latinos lag on mortgages - KLTVWASHINGTON (AP) - Nearly one in 10 Latino homeowners fell behind in mortgage payments last year. That's the finding of a Pew Hispanic Center survey. The Hispanic research group also reports about 3% say they had received a foreclosure notice. The ...
Cupcake maker taps into a 'sweeter' lifestyle - Farmington ObserverJacqueline Rankin has traded corporate America for butter cream frosting. "I never envisioned having a cafe, but this has been a lot of fun," said the former mortgage loan officer of Swirls Cafe, the cupcake haven she opened nearly a year ago in ...
Mortgage crisis here may be worse than reported - Buffalo NewsDorothy Gary never lost her home, but the senior citizen’s oversized 24 percent mortgage rate brought her awfully, awfully close. Gary got help, but only after learning that seven years of uninterrupted monthly payments had barely made a dent in ...
Time to Quarantine the Foreclosure Epidemic - American ProgressIn 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 ...
Aslinger receives GRI designation - Chattanooga Times Free PressLorry Aslinger of Keller Williams Realty has earned the Graduate Realtor Institute designation. She joins other top producers in the residential real estate industry who hold the designation. Ms. Aslinger earned the GRI designation by attending an ...
Partnership mortgages - Worcester Telegram & GazetteWORCESTER — Living in a small apartment in Clinton with a baby on the way, Arlin N. and Abel N. Herrera knew they wanted to move soon. The couple had thought about buying a home, but assumed it would be years away while they saved their money. But ...
Seediest brokers being weeded out - Indianapolis StarBecoming a mortgage broker in Indiana used to be easy. Too easy. There were no background checks to weed out people convicted of financial crimes, no tests to see whether brokers had taken required classes and understood the complex mortgage world. A ...
PhillyDeals: PhillyDeals: Suburban office space in crunch this time - Philiy.comLast time the real estate market hit a wall, in the early 1990s, the slowdown lingered in Center City Philadelphia longer than elsewhere. Office space was stagnant at about 34 million square feet from 1991 to 2006, because the slowdown coincided with ...
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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