Wilcox Mortgage Rates and Information Online from competing Lenders

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FDIC to allow non-banks bid for troubled banks - Salon
Nov 26th, 2008 | NEW YORK -- Non-banks will soon be able to bid for banks on the verge of collapse -- a change that should not only keep more troubled banks from failing, but also benefit companies looking to get funding through deposits and the ...

In crisis, small banks spot opportunity - Las Vegas Sun
James York, chief executive of the Bank of North Las Vegas, has heard the refrain before, that community banks could be endangered. He first heard such a prediction almost two decades ago, during the savings and loan scandal. “It never happened ...

All this gloom and drama is part of Labour's big gamble - Guardian Unlimited
The theatre of budgets depends on surprise, and Alistair Darling had crafted his effort this week to shock moribund markets into life. The drama of the day was wrecked, however, by the leaking - whoever did it - to the press of the report's best ...

November 2008 - Palm Beach Interactive
Gov. Charlie Crist wants to have a temporary foreclosure freeze in place by next week, he said this morning. Crist said he is meeting with bankers to try to come up with a deal without having lawmakers involved that would stall foreclosure ...

Community Banking Honors Go to Wilcox, Patterson, Kemper - American Banker Online
Lewis Named Banker of Year - October 27, 2008 Accion's Barrera Chosen to Receive Innovator Award - October 29, 2008 Jerry Grundhofer to Get Lifetime Honor - October 21, 2008 FDIC Chief Bair to Keynote Gala at Banker of Year - October 23, 2008 Banker ...

Silicon Valley Bank unscathed by credit crisis - Silicon Valley
America's economy suddenly seemed built on quicksand. As shocking news spread about Lehman Brothers, AIG, Merrill Lynch, Washington Mutual and other institutions, some Silicon Valley executives wondered about the stability of their bank, a technology ...

A return to thrift - CNN Money
(Fortune Magazine) -- Sometimes it takes a near-death experience to change bad behavior. Think of your friend who quit Lucky Strikes after a coronary incident. Or look at how banks are reducing their dependency on debt after watching rivals go belly ...

Tighter oversight of financial services needed - San Francisco Gate
Sunday, November 9, 2008 After President-elect Barack Obama takes the oath of office, an urgent priority will be imposing strict regulations on the financial services industry, to stabilize the system at the heart of the economic breakdown and ensure ...

Bear Stearns Bailout - San Francisco Gate
Over the past six months, a crisis that began when home loans to high-risk borrowers started to sour has cascaded into a near-panic in which the downfall of a big securities firm threatens the stability of the nation's financial system. "This is a ...

American Optimists - Forbes
Many stories about savings bemoan the fact that Americans save less than anyone in the developed world. We will come up short when we retire. We will come up short when we become ill. We will come up short when the expanding government deficit needs ...

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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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