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Foreclosure rate doubles - Birmingham Business JournalForeclosure rates for residential real estate in the Portland Metro area doubled in October, reaching 0.8 percent. First American CoreLogic, which collects national, state and local home data, issued the latest foreclosure rate information Wednesday ...
Economy’s slow pulse doesn’t hurt health jobs - Portland TribuneErin Bruner (left) draws a shot of insulin for one of her patients as co-worker Heather Cox verifies the medication at Providence Portland Medical Center. Bruner recently changed careers to became a nurse because future job prospects seemed bright ...
Choose Another City: - Birmingham Business JournalKarazy Mortgage Trust articles from the South Florida Business Journal
Pirates Shutout Monarchs 4-0 - OurSports CentralPortland, ME - The Pirates brought an end to their five game losing streak with a convincing 4-0 win over the Manchester Monarchs. Jhonas Enroth stopped 23 shots to pick up his second shutout of the season, while Colton Fretter scored two goals. The ...
Unhand that economy, villein! - Meganmcardle.theatlantic.comI've been thinking about this for awhile. How much of this current crisis is just a manifestation of the American--indeed human--will? We're always talking about politicians deluding us and Wall-Street manipulating us, and predatory lenders conning ...
UPDATE 1-General Growth gets two-week loan extension - FXStreet.comPHILADELPHIA, Nov 30 (Reuters) - Shopping mall owner General Growth Properties Inc said on Sunday it won a two-week extension on the maturity of $900 million in mortgage loans, giving it a reprieve as it talks to its lenders about a longer term ...
Business Calendar Nov. 30 - ColumbianWorkplace safety and culture: Conference for workers and employers in Oregon’s pulp and paper industry. Sponsored by the Department of Consumer and Business Services, Occupational Safety and Health Division, Dec. 2 to 5 at Jantzen Beach Red Lion ...
Obama calls automakers' plan "more serious" - Portland TribuneCHICAGO (Reuters) - President-elect Barack Obama said on Wednesday struggling automakers have put forward a "more serious" restructuring proposal to Congress but withheld judgment on the plans until hearings are held. At a news conference, Obama ...
Coastal Post Online - Coastal Post News"Thou hast taken usury and increase, and thou hast greedily gained of thy neighbors by extortion, and thou hast forgotten me saith the Lord.-Ezekiel 22:12 (King James Version)" "Let us Prohibit in effective fashion all corporations from making ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Two weeks ago, executives of the Big Three automakers trundled into their private jets to Washington to beg for $25 billion in federal bailout ...
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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