Saginaw Mortgage Rates and Information Online from competing Lenders

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Police: Man rented foreclosed Fresno homes he didn't own - Contra Costa Times
An elaborate scam taking advantage of the mortgage crisis unraveled, authorities say, when Kristen Ables found another family living in her Fresno house. "It was a mixture of disbelief and anger" that she felt on learning that she had been victimized ...

Michigan tries to slow foreclosures - Detroit News
LANSING -- Scrambling to do something about Michigan's rampant home foreclosure problem before the holidays, Gov. Jennifer Granholm and lawmakers are working on a flurry of bills to ease the squeeze on cash-strapped homeowners. Various measures would ...

Obama tells NY Times he'd do better without Fox News around - Los Angeles Times Blogs
The New York Times, of all places, has a long interview coming out Sunday with the freshman senator from Illinois, Barack Obama. In it, the Democratic presidential nominee, who's leading in most recent political polls, still bemoans the existence of ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Obama, McCain camps stump mid-Michigan for votes - MLive.com
Presidential heavyweights John McCain and Barack Obama have pulled out of Michigan, but their backers and boosters haven't capitulated the battleground of Saginaw County. Jeff Schrier | The Saginaw News John McCain supporters cheer during a "The Stop ...

Saginaw has most affordable housing market in nation - MLive.com
Saginaw has the most affordable housing, or the most depressed housing market, in the nation, real estate experts say. The National Association of Realtors on Tuesday released results of a third quarter survey of single-family home prices showing ...

Woman wins house for USD 1.75 on eBay - Sify
New York: In the midst of the housing mortgage crisis gripping the US, a Chicago woman has won an online bid to acquire a home in Michigan for just 1.75 dollars. Noting that the price of the home in Saginaw, Michigan, was less than the price of a ...

Woman Accused Of Taking $2M From Job - WNEM
FLINT, Mich. -- A Grand Blanc woman has been charged with 17 felony counts related to her embezzlement of more than $2.24 million from her employer. Genesee County prosecutor David Leyton said that Melissa Bosek, 32, of Grand Blanc, concocted a ...

New fears arise in Mich., where hard times began years ago - Boston Globe
FENNVILLE, Mich. - The bad news keeps coming to Michigan, a state long stuck in recession and at ground zero in the national economic downturn. But unlike in months and years past, there are no exceptions to the despair, not even here among the ...

News Minute: Obama promises to seek deficit reduction...More money to ... - KLAS-TV
CHICAGO (AP) - He's looking at a stimulus package that could cost hundreds of billions of dollars, but Barack Obama is also promising to make deficit reduction a goal of his administration. He says that will happen once the recovery from the ...

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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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