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Meeting tonight on Lafitte offsite housing program - New Orleans Times-PicayuneAs part of a plan to reduce population density in the proposed redeveloped Lafitte public housing complex, the nonprofit development team of Providence Community Housing and Enterprise Community Investment has acquired 91 properties in seven ...
Week Ahead: Stocks Hope for Kindest Cut - CNBCThe stock market has the wind at its back going into next week. But investors are counting on the Fed to keep that momentum going. Stock traders expect a 0.25% cut to the Fed funds target rate and a possible discount rate cut when the Fed issues its ...

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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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