Salem Mortgage Rates and Information Online from competing Lenders

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Businesses Likely to Feel Pressure From Mortgage Crunch - WFMJ.com
A Salem man is dragged to his death early this morning. Witnesses say they saw a man being dragged by a car down Midlothian Boulevard around one this morning. Police in Long Island, N.Y. say criminal charges may be possible in yesterday's trampling ...

Wells Fargo hires three lenders - Statesman Journal
SALEM — Carmen Babb, Alan Day and Sheila Freeland have been hired as lenders at Wells Fargo Home Mortgage at 580 State St. in Salem. Babb, a Salem native, worked as a mortgage consultant at Silver Falls Mortgage and Willamette Valley Bank for the ...

Smaller mortgage lenders see opportunity - Arlington Heights Daily Herald
As many of the biggest U.S. banks continue to pare back their mortgage lending, some smaller financial institutions see global financial turmoil as an opportunity to pick up market share. The eight largest mortgage lenders, as measured by total ...

Letter: Mortgage crisis might have been worse without CRA - Salem News
So Taylor Armerding has joined the conga line of conservatives blaming those darn liberals and their do-goodin' ways for the current economic mess ("Nothing 'free' about market that led to our economic downfall," Viewpoint, Thursday, Nov. 27 ...

COMMON PLEAS - Salem News Online
Eric L. Reed of Salem and Darlene K. Reed of Salem; dissolution sought. U.S. Bank Association v. Heather and Jeremy Minor, etc; foreclosure sought against property Teegarden Road, Hanover Township. First National Community Bank v. Dennis R. Vanmeter ...

Financial experts to speak this week in Pennsville - Bridgeton News
PENNSVILLE TWP. -- In today's struggling economy, it's important to know who to trust and where to go for reputable advice and counseling. Come to this week's Stone Soup Lunch and Lecture Series on Friday to hear the experts in the field from ...

Hatteras Financial Corp. Declares Fourth Quarter 2008 Dividend of $1 ... - Marketwatch
, , ) ("Hatteras" or "the Company") today declared a quarterly dividend of $1.00 per common share for the fourth quarter of 2008. The dividend will be paid on January 23, 2009, to stockholders of record on December 11, 2008, with an ex-dividend date ...

Oil prices 'will not rebound' - News.com.au
The prices will not begin to rise before the second half of 2009,'' said OPEC Secretary General Abdalla Salem El-Badri. Oil prices have slumped by two-thirds since striking record highs above $US147 per barrel in July, as the market has been rattled ...

Best Middle-Class Housing Markets - Forbes
Four years of tuition plus room and board at Cornell University in Ithaca, N.Y., costs $190,000. It's expensive, but an Ivy League education is usually a good investment. So, apparently, is a median-level home there. It's $179,000, up 5.9% over the ...

Judge to Matt Amorello: Get a job, buddy - TradingMarkets.com
The ex-Big Dig bigwig and his estranged wife have run up an astronomical credit card debt, including more than $130,000 on her card, and have fallen behind on their mortgage payments by $17,000, according to their filings. Amorello, 50 -- who once ...

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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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