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Smart Defense - NationLast month, Congressman Barney Frank called for a 25 percent cut in the defense budget--approximately $150 billion in annual spending--saying, "We don't need all these fancy new weapons. I think there needs to be additional review." Predictably, the ...
Gondolier course in Venice: stick your oar in - Daily TelegraphThink "gondolier" and a traveller's lament is never far away. Peddlers at the Pyramids, hustlers in Marrakech souk, New York taxi-drivers and Highland midges - all take some beating. But i gondolieri? It seems a boat ride in Venice is always ...
It's Official: Democrats Have Won 58 Senate Seats - NationThe senior Republican member of the US Senate, Alaska's Ted Stevens, conceded defeat Wednesday in his race for a new term. The announcement by Stevens confirmed that Democrats will have at least 58 seats in the new Senate. And with two contests yet ...
U.S. Attorney DeGabrielle announces resignation - Houston ChronicleU.S. Attorney Donald J. DeGabrielle, a former FBI agent and an assistant U.S. attorney for 20 years, was appointed by President George W. Bush. Houston-based U.S. Attorney Don DeGabrielle announced this morning that he is resigning. DeGabrielle, a ...
What would run the country better than these two? A horse - The SunPipsqueaks ... Brown and duck descendant Miliband I’M afraid I burst out laughing when I saw that ridiculous photograph of David Miliband and Gordon Brown in The Sun on Tuesday. Look carefully at Miliband’s barnet and you get the impression that ...
Obama Trounces Clinton In Potomac Primaries - US News and World ReportBarack Obama easily won yesterday's primary elections in Virginia, Maryland and the District of Colombia. CNN reports Obama topped Hillary Clinton 60%-37% in Maryland. In Virginia, Obama won 64%-35%, while he won DC 75%-24%. The AP reports its count ...
Nouriel Roubini: I fear the worst is yet to come - Times OnlineAs stock markets headed off a cliff again last week, closely followed by currencies, and as meltdown threatened entire countries such as Hungary and Iceland, one voice was in demand above all others to steer us through the gloom: that of Dr Doom. For ...
They Did It on Purpose: The Housing Bubble and Its Crash - OpEdNews.comDuring the Clinton administration, the government required the financial industry to start expanding the frequency of mortgage loans to consumers who might not have qualified in the past. When George W. Bush was named president by the Supreme Court ...
Hinojosa challenger running on social issues - McAllen MonitorMcALLEN -- Eddie Zamora acknowledges that it will take an act of God for him to win Rep. Rubén Hinojosa's 15th Congressional District seat come Tuesday. Fortunately, Zamora's an evangelical minister, and is confident the Big Guy will come through ...
Downtown Development Corp. has made little progress - Tucson CitizenMadden Media to buy MacArthur building from city... PARK(ing) Day's goal: a greener city Plan to create 700 hotel rooms downtown draws from... The big debate: Buses, parking downtown Home demolition rule shot down Interim CEO gets 'vote of confidence ...
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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