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Standard & Poor's cuts rating on Saks - MSN MoneyCentralNEW YORK (AP) - Standard & Poor's Ratings Services cut its rating for Saks Inc. on Thursday, saying the luxury retailer will likely have a weak fourth quarter as shoppers curtail spending because of the recession. The agency cut its rating on the New ...
Cancer victim gets help with mortgage from Deep Well - Island Packet OnlineMaude Williams ran a successful business and was in good health until she developed an aggressive form of cancer. She started chemotherapy, but it made her too sick to work. She quickly went through her savings to pay for treatments. Maude, 55 ...
Mortgage rates pull in borrowers - Raleigh News & ObserverFed's pledge to buy up debt is 'wonderful gift' for Triangle lenders Many Triangle mortgage lenders were busier in the past two days than they've been in months. The flurry of activity was brought on by the 30-year fixed mortgage rate dropping to 5 ...
Homeowners to get two-year mortgage interest 'holiday' if their income ... - Daily MailHomeowners will be spared the threat of repossession under a new government-backed scheme to guarantee mortgages, Gordon Brown announced this afternoon. Under a deal agreed with Britain's eight major lenders, who cover 70 per cent of all mortgages ...
Treasuries Gain a Seventh Day as Investors Bet on Lower Rates - BloombergDec. 4 (Bloomberg) -- Treasuries climbed for a seventh day, pushing yields to record lows, as reports showed the recession is deepening and Federal Reserve Chairman Ben S. Bernanke said greater efforts are needed to bolster the housing market. The ...
Earnings Preview: Williams-Sonoma - Seekingalpha.comWilliams-Sonoma ( WSM )) is expected to report Q3 earnings before market open Thursday Dec. 4, with a conference call scheduled for 10am ET. Merrill Lynch analyst Alan Rifkin believes the worst of a sales shortfall announcements are behind the ...
Falling house prices helping some Whatcom County residents buy homes - Bellingham HeraldAs a global economic storm dominates financial headlines, some Whatcom County residents are still finding affordable ways to borrow money and buy homes as prices moderate. "People who were priced out of the market six months to a year ago are now ...
Severance, new UC job for aide in pay scandal - San Francisco GateThursday, November 27, 2008 The severance is being paid to Williams several months after she left her job in the UC Office of the President in Oakland and took a higher-paying position on May 1 a few miles away at the UC Berkeley campus. Her payout ...
Couple Won't Lose Home Over $2: Order Dismisses Foreclosure Action - TradingMarkets.comAnd they're thankful to the lawyers at the Senior Citizens' Law Office who helped make that happen. Senior Citizens law office executive director Angelica Allen said that an order dismissing the foreclosure action against the couple, who are in their ...
Gordon Brown unveils two-year break for homeowners - Times OnlineHomeowners who are struggling to make their monthly mortgage repayments will be given the option of a two-year interest repayment holiday under plans announced by Gordon Brown this afternoon. The prososals, which will come into force in the new year ...
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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