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Privatize Fannie Mae - Lucianne.comPrivatize Fannie Mae and Freddie Mac Scripps Howard News Service, by Deroy Murdock Original Article Posted By: FLgator , 1/8/2009 5:44:12 PM Here's how Barack Obama can hit an economic home run: privatize Fannie Mae and Freddie Mac. Dissecting these ...
More Thoughts on 'The End of the Financial World as We Know It' - Seekingalpha.comThis two-part essay has been receiving a lot of attention. Whitney Tilson said the following about it in an email: STOP THE PRESSES!!! RUN, don't walk, to read these two articles by Michael Lewis and David Einhorn, two of the best writers and ...
Credit crunch blues? Think red - Times OnlineEconomic gloom has changed our view of the place that we call home. It is no longer an investment but a comfort zone, where you can have cheap, credit-crunch-type fun on the sofa, watching a new supersized flatscreen television, wrapped up in a £195 ...
Bank of America Is New No. 1 Bank - AOLNEW YORK (Jan. 1) -- Bank of America Corp. completed its purchase of Merrill Lynch & Co. Thursday, creating the largest U.S. bank and perhaps one of the biggest challenges yet for longtime Chief Executive Kenneth Lewis. Mario Tama, Getty Images The ...
Bank of America completes Merrill Lynch purchase - Zee NewsNew York, Jan 01: Bank of America Corp completed its purchase of Merrill Lynch & Co on Thursday, creating the largest US bank and perhaps one of the biggest challenges yet for longtime Chief Executive Kenneth Lewis. The closing allows Bank of America ...
UPDATE 1-Bank of America completes Merrill Lynch purchase - ReutersNEW YORK, Jan 1 (Reuters) - Bank of America Corp ( BAC.N ) completed its purchase of Merrill Lynch & Co on Thursday, creating the largest U.S. bank and perhaps one of the biggest challenges yet for longtime Chief Executive Kenneth Lewis. The closing ...
UPDATE 1-Private equity group buying IndyMac assets -FDIC - FXStreet.comWASHINGTON, Jan 2 (Reuters) - A consortium of private equity and hedge fund firms, including J.C. Flowers & Co and Dune Capital Management, has agreed to buy the assets of failed mortgage lender IndyMac, the Federal Deposit Insurance Corp said on ...
How allies of George Soros helped bring down Wachovia Bank - American ThinkerWachovia Bank, a major institution, has seen its stock plummet and its continued viability called into question, as the nation's financial crisis muddles forward. [Update: shortly after publication of this article, Citigroup agreed to purchase ...
M&T Bank Corporation - Chicago TribuneThe stock market closed out 2008 yesterday, finishing a year with the worst performance since the Great Depression after weary investors faced a deep recession, the fallout of the subprime mortgage mess and some of the most volatile trading days in ...
Sontag to Head Merrill Brokerage After McCann Quits (Update1) - BloombergJan. 6 (Bloomberg) -- Bank of America Corp. named Daniel C. Sontag to head its newly acquired Merrill Lynch wealth-management division, putting a former broker in charge of the business for the first time in almost nine years. Sontag, 52, replaces ...
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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