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News about Mortgages:
Some residents live in fear of foreclosure - Register CitizenElizabeth Jamieson is a self-employed foreclosure inspector. Usually, an inspector visits 100 homes or so per month. Last month, Jamieson inspected 200 houses. “I am the first person who finds a vacant property. It’s an eerie sight,” she said ...
National Penn in line for bailout money - Allentown Morning CallSome of that government economic bailout money could soon be coming to a bank near you. National Penn Bancshares, which in February became the second-largest bank in the Lehigh Valley with its acquisition of KNBT in Bethlehem, is in line to receive ...
Real estate transactions - Marion Chronicle-TribuneThe following is a list of real estate transfers collected from the Grant County Courthouse. Purchase prices are not available in Indiana and, therefore, are not listed with the transaction. Nov. 18 through Nov. 24 Anthony Hawkins to Destiny Guerrero ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...
Mayor: Bethlehem can weather storm - Allentown Morning CallThe worst economic crisis since the Great Depression . Mortgage foreclosure filings on pace to increase by a third in Northampton County. The company building the Sands Casino Resort Bethlehem may default on loans. Those aren't good headlines ...
McCain's mortgage plan draws fire from Obama, economists - Idaho StatesmanBETHLEHEM, Pa. — Seeking to regain ground he's lost in the polls during the economic crisis, Republican John McCain returned to the campaign trail Wednesday trumpeting a mortgage bailout plan he unveiled in Tuesday night's presidential debate. "We ...
No tax hike in Bethlehem - Allentown Morning CallBethlehem Mayor John Callahan announced today that he will not raise real estate taxes, the third year in a row with no increase. Despite a sagging economy with mortgage foreclosure filings on pace to increase by a third in Northampton County ...
Losing female support, McCain alters approach - Boston GlobeBETHLEHEM, Pa. - Senator John McCain returned to the campaign trail yesterday with new emphasis on a domestic agenda that appeared designed in part to address the concerns of white women, a crucial voting bloc that has moved steadily in recent weeks ...
Stocks zigzag, end lower after emergency rate cut - San Francisco GateThursday, October 9, 2008 A stock market that received an emergency interest rate cut tried to find some stability Wednesday, rallying several times before another late-day drop left Wall Street down for the sixth straight day. Still, the pullback ...
Lehigh County - Chicago TribuneTODAY Holiday Sale, 8 a.m.-4 p.m., Hamlet House Farm, 999 E. Cherry Road, Quakertown. Antiques, primitives, oddities. Also Saturday. 215-913-2574. St. Andrew's ELC New Orleans Group, 10 a.m.-3 p.m., Phillipsburg Mall, Kohl's Court, 1200 Highway 22 ...
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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