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Lawsuit over signing shock - Houston Chronicle
Nanette Lewis is suing two mortgage companies for alleged predatory loan practices when she refinanced her home. The city sued one lender saying it was targeting black Baltimore homeowners with deceptive lending practices and high-interest loans and ...

Houston woman sues over predatory lending - KTRK
HOUSTON -- Alpha Mortgage USA Inc. and American Home Mortgage Servicing Inc. engaged in a racially targeted predatory lending practice called "reverse redlining," according to a lawsuit filed in federal court by a black suburban Houston woman ...

Baytown woman sues two mortgage companies over predatory lending - KHOU
HOUSTON -- Alpha Mortgage USA Inc. and American Home Mortgage Servicing Inc. engaged in a racially targeted predatory lending practice called “reverse redlining,” according to a lawsuit filed in federal court by a black suburban Houston woman ...

MidSouth Bank, N.A. Locations Open for Business - MSN MoneyCentral
LAFAYETTE, La. , Sept. 4 /PRNewswire-FirstCall/ -- By Friday, Sept. 5 , MidSouth Bank will have all but four of its 34 retail locations open. Definitive reopening dates have not yet been set for Louisiana retail locations in hard hit areas of ...

Fed governor warns Houston audience of inflation - Houston Chronicle
Federal Reserve Bank of Dallas President Richard Fisher said there's a 50 percent chance inflation will accelerate even amid slowing economic growth. The Fed confronts "even odds" that "the inflationary scare we experienced of late infiltrates the ...

Texas News Briefs - El Paso Times
HOUSTON (AP)—Alpha Mortgage USA Inc. and American Home Mortgage Servicing Inc. engaged in a racially targeted predatory lending practice called "reverse redlining," according to a lawsuit filed in federal court by a black suburban Houston woman ...

Fed's Fisher says not certain inflation will ease - Forbes
HOUSTON (Reuters) - U.S. economic growth is softening amid still fragile financial markets but it is not clear that this will curb inflation as hoped, a top Federal Reserve official said Thursday. "While it seems pretty clear that economic momentum ...

Fed's Fisher Sees 50% Chance Inflation Will Increase (Update1) - Bloomberg
Sept. 4 (Bloomberg) -- Federal Reserve Bank of Dallas President Richard Fisher said there's a 50 percent chance inflation will accelerate even amid slowing economic growth. The Fed confronts ``even odds'' that ``the inflationary scare we experienced ...

Texas woman sues over predatory lending - KDBC.com
HOUSTON (AP) - A black suburban Houston woman is suing two lenders accusing them of a racially targeted predatory lending practice called "reverse redlining." Nanette Lewis, of Baytown, says in her federal lawsuit that Alpha Mortgage USA Inc. and ...

Fed's Fisher Puts Odds of Inflation Accelerating at 50 Percent - Bloomberg
Sept. 4 (Bloomberg) -- Federal Reserve Bank of Dallas President Richard Fisher said there's a 50 percent chance inflation will accelerate even amid slowing economic growth. The Fed confronts ``even odds'' that ``the inflationary scare we experienced ...

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Erin Stewart Tennessee Ridge

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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