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Living for Change: Obama and MLK - Common DreamsThe new energies being unleashed by Barack Obama hold great promise. In his person and prose Obama embodies the achievements of the movements of the 20th century and the hope that we can become the change we want to see in the 21st century. To build ...
Stimulus Gone Bad - Common DreamsHouse Democrats and the White House have reached an agreement on an economic stimulus plan. Unfortunately, the plan - which essentially consists of nothing but tax cuts and gives most of those tax cuts to people in fairly good financial shape - looks ...
A mill town in transition - Bend BulletinWe welcome comments from subscribers (E-Edition or print). Comments are solely the responsibility of those who post them; their viewpoints are not endorsed by The Bulletin or bendbulletin.com. The Bulletin and bendbulletin.com reserve the right to ...
Don’t kid yourself: the housing slump really is on its way - Sunday HeraldHOW OFTEN must I say it? Falling house prices are a good thing, not a bad thing. It was property madness that got us into this financial mess in the first place, and the credit crisis will not be resolved, will not begin to be resolved, until house ...
Archive: March 2004 - Guardian UnlimitedMarch 30: Six Apart co-founder Mena Trott has emailed me to clarify what I was told on March 29 regarding Typepad in China. She says TypePad has 'heard reports from some Chinese TypePad users that they can not access their public weblogs but can ...

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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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