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News about Mortgages:
Home values plunge again in Stanislaus County, Calif. - TMCnetHome sales prices took another tumble in October, as the three-year slide in home values continued. Stanislaus County homes sold for a median $161,500 last month, which was $17,500 below September. Home prices have dropped a staggering 59.2 percent ...
Berks County Week in Review - Reading EagleA recap of the week’s top news stories including details of the 2009 Berks County budget, an update on a proposed rail line from Wyomissing to Philadelphia, Boscov's receives financial aid from the federal government, and a new veterans memorial is ...
Home values plunge again - Modesto BeeMore on housing crisis Home sales prices took another tumble in October, as the three-year slide in home values continued. Stanislaus County homes sold for a median $161,500 last month, which was $17,500 below September. Home prices have dropped a ...
Milwaukee County buses will add bicycle racks by spring - Milwaukee Journal SentinelRacks for all 470 Milwaukee County Transit System buses should be installed by spring, system spokeswoman Jacqueline Janz said Thursday. Supporters of the racks say they'll boost bus ridership and reduce dependence on cars by offering people the ...
Springs of South County - Herald-Mail• This is the 172nd in a series of articles about the historical and architectural treasures of Washington County. The house at Belinda Springs sits south of Sharpsburg on a private gravel lane a half-mile east of Harpers Ferry Road. Mature ...
Audit: Medicaid recipients misused free cab rides - Milwaukee Journal SentinelNov. 21, 2008 3:44 p.m. | Madison - The state was forced to reimburse the federal government nearly $350,000 this fall after auditors found that cab rides had been billed to Medicaid on days when Milwaukee County participants didn't receive medical ...
Art Between the Creeks lets the creativity flow - Baltimore SunSherri Bramlett's painting "Meltdown" was intended as a self-portrait. Instead, it turned out to be much more of an insightful gaze into the wreckage of the American psyche, she said. Bramlett painted a clown face on a piece of Styrofoam and attached ...
Shootings were a murder-suicide; father made 911 call, Madison police ... - Wisconsin State JournalMadison police said today that Ryan Dutter left behind a couple of notes that have helped establish Tuesday's shooting as a murder-suicide. The notes, however, do not shed definitive light on any clear motive for the slaying of 12-year-old Kyle ...
Erie County Real Estate Transactions - Buffalo News• 31 Lanoche Court, Michael A. Young; Karen A. Young to Yijun Cheng; Li Li, $525,000. • 1 Cloister Court, Mary Michael Egan; Edmund A. Egan to Michael P. McGorry; Pamela M. McGorry, $466,000. • 73 Hampton Hill Drive, Nicholas D. Mecca; Efterpe ...
Buffett's Berkshire Boosts Stake in ConocoPhillips (Update3) - BloombergNov. 14 (Bloomberg) -- Warren Buffett 's Berkshire Hathaway Inc. became the largest shareholder in oil producer ConocoPhillips and took a stake in manufacturer Eaton Corp . in the third quarter as stock markets tumbled. Berkshire had more than 83 ...
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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