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Obama says he will seek overhaul of retiree spending - International Herald Tribune
WASHINGTON : President-elect Barack Obama said Wednesday that overhauling Social Security and Medicare would be "a central part" of his administration's efforts to contain federal spending, signaling for the first time that he would wade into the ...

Column: Mortgage thieves come back - Jackson Sun
First come the shady operators, then comes the collapse, then comes the bailout, then come the shady operators. That, too often, is the sad history of financial meltdowns and their cleanups. The closing days of the Bush administration offer the ...

Job losses hit 2.6 million as layoff pain deepens - Post-Star
Chart shows the unemployment rate since May, 1993; 2 c x 3 1/4 in; 96.3 mm x 82.55 mm WASHINGTON - A staggering 2.6 million jobs disappeared in 2008, the most since World War II, and the pain is only getting worse with 11 million Americans out of ...

Pair of credit unions join as 'basic fit' - Memphis Commercial Appeal
Hope Community Credit Union has taken over the financially troubled American Savings Credit Union in what the two institutions called a merger Wednesday. No money changed hands at the end of a five-month process directed by federal and state ...

AP News Calendar - Columbia Missourian
Major scheduled events during the week beginning Jan. 11, 2009. Note that many events, especially court appearances, are subject to change at the last minute. The following economic reports will be issued in Washington (all times EDT): MONDAY: Weekly ...

Public Notices - Columbia Star
1998 Harley Davidson Dyna 1HD1GHL10WY326926 Daryle Niehoff, 4110 Devine St, Cola, SC 29205 Conseco Finance, 332 Minnesota St, Ste 500, St. Paul, MN, 55101 Accrued Charges: $2610.00 1997 Chev Blazer 1GNCS13W4VK121887 Jessie or Marcella Townsend, 5445 ...

Hood joins AGs in appeal to Congress - Biloxi Sun Herald
JACKSON — Mississippi’s attorney general has joined his counterparts in several other states to urge Congress to amend U.S. bankruptcy law to allow federal bankruptcy courts to protect families from foreclosure. Attorney General Jim Hood said ...

Mississippi AG, others urge bankruptcy change - Biloxi Sun Herald
JACKSON, Miss. -- Mississippi's attorney general has joined with his counterparts in several other states to urge Congress to amend U.S. bankruptcy law to allow federal bankruptcy courts to protect families from foreclosure. Attorney General Jim Hood ...

DA charges contractor who allegedly stole over $1million - WWL-TV
For months, Eyewitness News has told the story of one contractor who allegedly took more than a $1 million dollars from homeowners in New Orleans East, and never finished the work on their homes, and now, the Orleans Parish District Attorney is ...

Residency affidavits needed for return to school - Newnan Times-Herald
Parents were still streaming into the Coweta County School System's office on Jackson Street the last few hours before Christmas break to submit residency affidavits for their children. The notarized affidavit, with the supporting paperwork, is ...

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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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