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Gentex discussing layoffs - Holland SentinelZeeland-based Gentex Corp. offered voluntary layoffs to 130 of its temporary workers and issued a warning to its employees that layoffs and cuts might be on the horizon. Company officials held department meetings Thursday, Nov. 20, and Friday, Nov ...
Analysis: Strings attached to auto bailout bills - Holland SentinelDemocrats and Republicans alike want to impose stiff conditions on any bailout of the auto industry, from limiting executive compensation and outlawing dividends to demanding union concessions. That’s a sharp contrast to the big bank bailout, in ...
Two arrested in thefts of cash and jewelry - Buffalo NewsAn investigation into thefts of cash and jewelry led to the arrest of two Cheektowaga residents on a slew of charges, state police reported Tuesday. Christopher L. Leipler, 22, and Nicole Roberts, 21, were taken into custody Thursday after troopers ...
DeKleine Builders to close as new home sales nationally plunged to ... - MLive.comByron Township-based DeKleine Builders is among the latest companies to fall victim to a housing market that one economist calls "a disaster area." "The sales have just dropped right off the table," said Project Manager Jacob DeKleine, whose brother ...
Penalizing the uninsured in Oklahoma OFFICIAL PROPOSES curbING driver ... - Daily OklahomanNo health insurance, no football tickets. Oklahoma must take drastic steps to improve its dismal ranking in the number of residents who have no health insurance, state Insurance Commissioner Kim Holland said Thursday during her agency’s Summit on ...
Citigroup May End Up With U.S. Government Rescue (Update1) - BloombergNov. 22 (Bloomberg) -- The U.S. government may step in to rescue Citigroup Inc. after a crisis in confidence erased half the bank’s stock-market value in three days, according to investors and analysts. Citigroup’s $2 trillion of assets dwarfs ...
The Real Fight: Business Ethics in UFC - Bleacherreport.comIn the early days of UFC, there was a brisk, 30-something fighter named Evan Tanner who went into the octagon, won his fight and said, "Now I can pay my mortgage... In the early days of UFC, there was a brisk, 30-something fighter named Evan Tanner ...
Paulson resists Democrats' call to rescue homeowners - Los Angeles TimesReporting from Washington -- Treasury Secretary Henry M. Paulson told unhappy congressional Democrats on Tuesday that, barring a new catastrophe, the Bush administration intended to stand pat on its existing effort to stabilize financial markets ...
Citigroup May Get Rescued by U.S. Government, Investors Say - BloombergNov. 21 (Bloomberg) -- Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, investors and analysts said. Citigroup has more than $2 trillion of assets, dwarfing ...
Fed seen rescuing Citigroup - Providence JournalCitigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half of the bank’s stock-market value in three days, investors and analysts said yesterday. Citigroup has more than $2 trillion of assets, dwarfing ...
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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