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Facing foreclosure, some go to church - Marketplace.publicradio.orgSCOTT JAGOW: The foreclosure notices are really starting to add up. Last month, one out of every 450 homes received one. And it's happening in every kind of neighborhood. But certain communities are suffering more than others. A recent study ...
Commentary: A global fix for the next financial panic - CNNEditor's note: Robert F. Bruner is dean of the Darden Business School at the University of Virginia and co-author of a recent book on financial crises, "The Panic of 1907." Robert F. Bruner says the financial panic of 2008 has exposed the need for ...
BNP Paribas - NewsdayBRUSSELS, Belgium (AP) _ A Belgian commercial court on Tuesday threw out a shareholder challenge to the fire sale of troubled bank Fortis to France's BNP Paribas. The Brussels-based court rejected an appeal by shareholder activist group Deminor and ...
A return to thrift - CNN Money(Fortune Magazine) -- Sometimes it takes a near-death experience to change bad behavior. Think of your friend who quit Lucky Strikes after a coronary incident. Or look at how banks are reducing their dependency on debt after watching rivals go belly ...
American Optimists - ForbesMany stories about savings bemoan the fact that Americans save less than anyone in the developed world. We will come up short when we retire. We will come up short when we become ill. We will come up short when the expanding government deficit needs ...
Hancock earns certified mortgage planner designation - Bothell ReporterThe Hancock Mortgage Team at The Legacy Group recently announced that Mike Hancock earned the Certified Mortgage Planner (CMP) designation. Hancock earned his CMP designation at the Mortgage Planner Summit 2008 earlier this month in Las Vegas. CMPs ...
Government has history of rescuing shaky institutions - Seattle Post IntelligencerSAN FRANCISCO -- The U.S. plan to ease the credit crisis by investing in banks retraces steps taken during the Depression by an agency that accomplished its mission -- but became a sprawling bureaucracy that dissolved amid fraud and corruption ...
Ruby Tuesday Incorporated - Baltimore SunIf it was their last competitive field hockey match, then Tabb's three seniors couldn't have ended their careers any better. The Tigers' 3-2 victory over James Monroe on Nov. 15 capped a 24-0 season and earned Tabb its second state championship ...
Legal aid in civil cases lags - Raleigh News & ObserverLegal Aid of North Carolina, with its staff of 122 lawyers in offices statewide, can serve about 25,000 clients a year, but it must turn down eight out of 10 requests for help because of stretched resources. About 2.9 million North Carolinians out of ...
D-FW Top Public Companies - Dallas Morning NewsThe corporate landscape in Dallas-Fort Worth is in the midst of its biggest shakeup since the fallout from the tech bust five years ago. The proof is in the turnover in our list of the biggest publicly traded companies. For this year's list, which is ...
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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