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The buck stops where? - SalonI haven't written about President Bush for quite a while. I prefer to look toward the future. But his delusional exit interview with ABC's Charles Gibson made me pay attention again. When Gibson asked Bush what he was "unprepared for" when he became ...
McCain Suggests Obama Tax Policies Are Socialist - ABC NewsLess than twenty-four hours until polls open, the candidates make one final swing through the infamous battleground states Monday. As pollsters, pundits, and plumbers attempt to guess the outcome, all that matters in the end is that elusive 270 ...
Softening sushi doubts one roll at a time - Reno GazetteI hope you'll forgive my musical (and satirical) efforts. What they lack in lyricism (or cleverness) they make up a bit, I think, in candor and justifiable snark. Ubiquitous all-you-can-eat sushi joints have become the new juice bars in Northern ...
John McCain: ‘I will reform our broken institutions in Washington ... - Kansas City StarStumbling economy becomes focus of presidential election Barack Obama: ‘We have the chance to finally stand up and say, “Enough is enough”’ Where the presidential candidates stand on pocketbook issues As American families bear the brunt of an ...
Another Banking Business Model Crumbles - CNBCA spokesman for the german Finance Ministry declared Monday morning the deal to combine Dresdner and Commerzbank a win for the country’s banking industry. No surprise given the well understood preference in Berlin for national champions. But I don ...
Frank Using Clout to Curb Private Equity, Hedge Funds (Update1) - BloombergOct. 22 (Bloomberg) -- U.S. Representative Barney Frank is walking through Statuary Hall in the Capitol, a portrait of rumples and wrinkles. His left shirttail hangs out over his belt. Reporters and photographers are hounding him. Cameras are ...
'Friends Of Angelo' Were VIPs, And Knew It - Hartford CourantSen. Dodd keeps trying to tell us how he is helping save America from the mortgage banker sleazebags but we can't forget the favors he got from the mortgage banker sleazebags. The senator is struggling to figure out why folks can't get over those no ...
What about the economy Obama, McCain? - NewsdayThere was a surreal quality to the presidential debate Tuesday night that was very discouraging. Even as both candidates went about their scripted, well-rehearsed routines, they all but ignored the 800-pound gorilla stalking around the room: the ...
Crisis, what crisis? - Portsmouth HeraldWelcome to the new American Civil War, circa 2008. Is this what it's come down to? We're in the middle of one of the greatest financial meltdowns in American history, involved in two wars with no end in sight for either, and confidence about the ...
Brent Boyer: Realism trumps in these difficult times - Steamboat Pilot & TodayEditor Brent Boyer writes "From the Editor" for Thursday's Steamboat Today. Contact him at 871-4221 or e-mail bboyer@steamboatpilot.com . The economic news wasn’t good Wednesday. The Dow dropped below 8,000 for the first time in more than five ...
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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