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News about Mortgages:
WaMu cutting 3,400 Seattle-area jobs, 9,200 total - Bellingham HeraldJPMorgan Chase & Co. is eliminating the jobs of 3,400 Washington Mutual employees in the Seattle area, part of 9,200 job reductions nationwide, a spokesman said Monday. Outside of Seattle, where WaMu is based, the biggest number of job cuts is 1,600 ...
Wisconsin bankers say they’re ready to lend - Pierce County HeraldThe head of the Wisconsin Bankers Association says most banks have lots of capital and are still eager to lend – even though one of every six lost money in the last quarter. The FDIC said Tuesday that 49 commercial and savings banks in Wisconsin ...
House values decline again - Seattle Post IntelligencerValues in King, Pierce and Snohomish counties decreased 9.8 percent from September 2007 and 1.4 percent from this August, according to Standard & Poor's S&P/Case-Shiller Home Price Indices. The year-to-year drop was the eighth consecutive record for ...
Deeds Oct 22nd thru 31st 2008 - Cecil WhigChandler H. Gebhart, III, to Carl D. and Linda K. Becker, Bohemia Bay Yacht Harbor, Chesapeake City, $64,000, October 22. Jennifer R. and Thomas H. Clark, Jr., to Jennifer R. Clark, 224 Biddle Street, Chesapeake City, $0, October 24. Helena A. DuPont ...
House values 'bound to get much worse' - Seattle Post IntelligencerSeattle-area house values fell 10.1 percent from their recent peak in July 2007 to this September, according to a national index. Details: Here Values in King, Pierce and Snohomish counties were down 9.8 percent from September 2007 and 1.4 percent ...
Fable doesn't compute in bail-out times - Hawk EyeKANSAS CITY, Mo. -- Two-and-a-half millennia before anyone thought of bundling toxic derivatives, Aesop knew what bugged people. The foolhardy grasshopper in the ancient Greek fable "The Ant and the Grasshopper" enjoyed his summer singing while the ...
Megliola: A respite from life's realities - MetroWest Daily NewsSo, you say the world is too much for you. You feel you're being smothered. Joy and optimism have been snapped like a twig, replaced by worry, even panic. The economy. Distant wars that still takes lives before they've really got going. CEOs living ...
How to request your own Homeland Security file... - Spokane Spokesman-ReviewVia the First Amendment Project, here's an easy-to-use website that walks you through requesting a copy of whatever dossier the Department of Homeland Security might have compiled on you so far. From the website: The Department of Homeland Security ...
State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-ReviewIn a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...
Economic bailout pits ants against grasshoppers - Cleveland Plain DealerKANSAS CITY, Mo. -- Two-and-a-half millennia before anyone thought of bundling toxic derivatives, Aesop knew what bugged people. The foolhardy grasshopper in the ancient Greek fable "The Ant and the Grasshopper" enjoyed his summer singing while the ...
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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