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Pilgrim's Pride files for bankruptcy protection - West Central Tribune
MILWAUKEE (AP) - Pilgrim's Pride Corp. filed for Chapter 11 bankruptcy protection on Monday, hurt like other meat producers by volatile feed prices and slumping demand but also hobbled by an unmanageable debt load. The nation's largest chicken ...

Property Transactions - Daily Review & Sunday Review
Almer E. Finnerty and Mary Kathleen Finnerty to Deborah J. Finnerty of Burlington for property in Burlington Borough for $10,000. Lasalle National Bank, EMC Mortgage Corp, POA, Lasalle bank National Association to Robin L. Farley of Canton for ...

In North Carolina, talk of Obama, McCain and race - AZCentral.com
RALEIGH, N.C. - As a child growing up in Durham, N.C., Lonnie Torain remembers when he would walk past a restaurant, with the warm food smelling so good, beckoning him inside. He had to walk around back to get fed. This month Torain, 65, stepped into ...

Business events scheduled for the coming week - Boston Globe
NEW YORK -- Conference Board releases leading indicators for September, 10 a.m. WASHINGTON -- Weekly Treasury auction; Weekly Treasury briefing. LOS ANGELES -- Sentencing of former Milberg Weiss law firm partner David Bershad in lawsuit kickback case ...

Latest News - dBusinessNews.com
11th Annual Carolina Inn “Twelve Days of Christmas” Celebration CHAPEL HILL, N.C. – A 10-ton sand sculpture depicting the ... Clarkston Consulting Welcomes Dan Flores and Tom Hare as Associate Partners DURHAM, NC — Clarkston Consulting, a ...

The Week Ahead - Burlington Free Press
-- Weekly Treasury auction; Weekly Treasury briefing; Commerce Department releases existing home sales for September, 10 a.m. -- Verizon Communications Inc. reports third-quarter financial results. -- Wal-Mart’s two-day analysts meeting begins ...

Meat Processors, Sliced Beyond Reason, Provide a Buying Opportunity - Seekingalpha.com
Monday was a brutal day for meat producers. While the Dow fell about 2%, Tyson ( TSN ) was hit eight times as bad, losing more than 17% on no news, while Smithfield Foods ( SFD ) stumbled 13%. Conventional wisdom dictates food processors normally ...

Changing real estate market prompts creative ways to buy and sell - Providence Journal
It’s a buyer’s market — if you’re the right kind of buyer. As Rhode Island’s house prices fall to their lowest level in five years, people are finding their dream houses on the market for tens of thousands of dollars less than they were ...

R.I. housing prices drop to 5-year low - Providence Journal
Rhode Island’s single-family house prices fell to their lowest level in five years during July, August and September, as banks and distressed borrowers sold off properties at steep discounts, according to a report scheduled to be released today by ...

Bush veto threatens insurance for kids - Raleigh News & Observer
Hear Sterling Hunter, 8, talk about dealing with diabetes. President Bush's veto Wednesday of the expanded State Children's Health Insurance Program jeopardizes North Carolina's ability to continue coverage for more than 110,000 needy children ...

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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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