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WaMu to cut 500 jobs from Florence mortgage center - Charleston Post & Courier
FLORENCE — More than 500 workers at Washington Mutual's mortgage processing office in Florence will lose their jobs as the company is taken over by JPMorgan Chase & Co. JPMorgan Chase spokeswoman Nancy Norris told WBTW-TV that the jobs will be ...

JP Morgan Chase cuts 500 jobs in Florence - Charleston Regional Business Journal
JP Morgan Chase & Co. is cutting almost 500 jobs from the Washington Mutual mortgage processing operation in Florence. The job cuts are among the 9,200 positions JP Morgan plans to eliminate as part of its takeover of Washington Mutual Bank. JP ...

Assurant Specialty Property plans to increase staff at Florence ... - Insurance Business Review
Employment at Florence center, which moved to its 100,000sqft facility at 1323 Celebration Blvd in 2003, now stands at slightly over 700. It currently has about 40 open jobs in a variety of areas, including clerical, customer care, processing, and ...

Assurant Specialty Property Announces Plans to Increase Staff at ... - Earthtimes
FLORENCE, S.C. , Dec. 4 /PRNewswire/ -- Assurant Specialty Property said today its Florence hazard insurance service center plans to hire as many as 100 additional employees over the next four to five months to accommodate the growth of its creditor ...

General Growth gets loan extension - Business Courier
General Growth Properties Inc. , owner of Kenwood Towne Centre and Florence Mall, has received a two-week extension on $900 million in mortgage loans that came due on Friday. The company says it is seeking a longer-term extension. In mid-November ...

Fifth family member pleads guilty to bank fraud - Myrtle Beach Online
The fifth member of a Myrtle Beach family pleaded guilty to conspiracy to commit bank fraud recently in federal court in Florence, according to United States Attorney W. Walter Wilkins. Corilynn Rock Mullen, 38, joined four other family members - her ...

Fulfilling the dream of homeownership - Thesiuslaw News
Above is Habitat’s latest project at 7th and Laurel streets, where an open house was held last week. Left to right are Habitat construction volunteers and soon-to-be homeowners Heather Hobin and Tina Marler and son Riley. Habitat for Humanity heads ...

2 plead guilty to bank robbery while on bail - Myrtle Beach Online
Two Myrtle Beach residents pleaded guilty in federal court to robbing a bank while out on bail, according to U.S. Attorney W. Walter Wilkins. Maurice Russell Small, 23, and Elysia Nicole Nolan, 20, robbed the Georgetown Craft Credit Union in ...

Family-owned firm gives $6.6M in bonuses - United Press International
WAUKEGAN, Ill., Nov. 28 (UPI) -- The founding family that just sold PEER Bearing Co. announced Friday it is distributing $6.6 million in bonuses to its 230 U.S. and British employees. The company, based in Waugegan, Ill., also has workers in China ...

Property Transactions - Daily Review & Sunday Review
Almer E. Finnerty and Mary Kathleen Finnerty to Deborah J. Finnerty of Burlington for property in Burlington Borough for $10,000. Lasalle National Bank, EMC Mortgage Corp, POA, Lasalle bank National Association to Robin L. Farley of Canton for ...

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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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