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News about Mortgages:
Citigroup stew took years to cook - Herald TribuneThere, Citigroup's chief executive, Charles O. Prince III, learned for the first time that the bank owned about $43 billion in mortgage-related assets. He asked Thomas G. Maheras, who oversaw trading at the bank, whether everything was OK. Maheras ...
Six people indicted in mortgage fraud scams - News-Leader.comThe six were charged in a 55-count indictment returned by a federal grand jury in Springfield, a news release from Wood's office said. Davis, a former mortgage broker, was the owner of Master Marketing Consultants. The Kassebaums, who are husband and ...
Six area residents indicted in mortgage-fraud schemes - News-Leader.comSeveral mortgage brokers were among six area residents indicted today by a federal grand jury for participating in several related mortgage fraud schemes in Christian and Greene Counties, according to John F. Wood, United States Attorney for the ...
Citigroup's deal makers lacked supervision - International Herald TribuneIn September 2007, with Wall Street confronting a crisis caused by too many souring mortgages, Citigroup executives gathered in a wood-paneled library to assess their own well-being. There, Citigroup's chief executive, Charles Prince 3rd, learned for ...
Citigroup Pays for a Rush to Risk - Blueridgenow.comA Financial Supermarket Exposure to obscure mortgage instruments from Citigroup’s trading operations has taken a severe toll on the company, which provides financial services ranging from retail banking to advising companies on mergers. “Our job ...
Citigroup stew took years to cook - Herald TribuneIn September 2007, with Wall Street confronting a crisis caused by too many souring mortgages, Citigroup executives gathered in a wood-paneled library to assess their own well-being. There, Citigroup's chief executive, Charles O. Prince III, learned ...
Mortgage-fraud scheme alleged in court documents - Joplin GlobeA Carl Junction man is among a half-dozen people named in a 55-count federal indictment charging mortgage fraud. Steven Ray Spencer, 47, was indicted Thursday for his alleged role in a scheme to defraud home mortgage lenders in Christian and Greene ...
Quick Read - Huffingtonpost.comIn September 2007, with Wall Street confronting a crisis caused by too many souring mortgages, Citigroup executives gathered in a wood-paneled library to assess their own well-being. There, Citigroup's chief executive, Charles O. Prince III, learned ...
More Utah homeowners are facing foreclosure - Daily HeraldAs the deepening financial crisis and growing unemployment in Utah County compounds the problem of foreclosures, a worrying trend is emerging among those considered to be most at risk, according to a real estate research consultant. "When someone is ...
I.E. Bizzwire - San Bernardino County SunRaAnn Wood of Rancho Cucamonga has been sworn in as the new deputy commissioner of credit unions in the state Department of Financial Institutions. Wood recently shared what compelled her to become the new deputy commissioner, a position that had ...
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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