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News about Mortgages:
Obama takeover augurs financial regulator shakeup - MSN MoneyCentralWASHINGTON (Reuters) - President-elect Barack Obama and Democrats in Congress will take over the government this month with big plans to overhaul U.S. financial regulation and a surge of momentum behind them. From the mortgage meltdown to the Bernard ...
Homeowners in Dallas area and beyond are refinancing their homes - Pegasus NewsApplications to refinance homes have jumped more than 500% nationwide since October, and that includes plenty of folks in the Dallas area, too. Mortgage rates are the lowest they've been since the 1960s. One broker in Addison said he's offering 30 ...
Basketball player Friday a loan officer in Dallas area - Longview News-JournalEditor's Note: Where Are They Now? is a weekly feature catching up with former athletes from the Longview News-Journal's coverage area. College(s), major and year graduated: Paris Junior College (freshman), Cedar Valley (sophomore), Stephen F. Austin ...
The mortgage thieves return - Las Cruces Sun-NewsFirst come the shady operators, then comes the collapse, then comes the bailout, then come the shady operators. That, too often, is the sad history of financial meltdowns and their cleanups. The closing days of the Bush administration offer the ...
Low mortgage rates don’t entice buyers - Fort Worth Business PressAs mortgage rates continue to flirt with 30-year lows, local lenders say they’re seeing a definite uptick in refinancing inquiries, but the historic low rates have done little to convince on-the-fence home buyers to re-enter the market. In the last ...
Shady mortgage operators are back at the same game - Houston ChronicleFirst come the shady operators, then comes the collapse, then comes the bailout, then come the shady operators. That, too often, is the sad history of financial meltdowns and their cleanups. The closing days of the Bush administration offer the ...
Dallas-Fort Worth home sales fall 18% - Dallas Morning NewsAn 18 percent drop in December pre-owned home sales helped push down North Texas housing totals for the entire year. Last year, area real estate agents sold 14 percent fewer homes than in 2007 through the multiple listing service, Texas A&M ...
Interest rates decline on fixed mortgages - Los Angeles TimesAverage rates on 30-year fixed mortgages dropped to 5.01% this week, down from the previous record low of 5.1% set last week, mortgage company Freddie Mac said. The average rate on a 15-year fixed-rate mortgage dropped to 4.62% from 4.83% last week ...
A bear of a year - Dallas VoiceFurry and fine studs team up for the Dallas Eagle Bear-of-the-Month calendar to raise money for AIDS Services of Dallas Vincent Duncan: Dallas Eagle Bear of 2008 Hails from: Northwest Arkansas. Arrived in Dallas: In 2001. I was always visiting a ...
First Internet Bank of Indiana Will Implement Document Preparation ... - TechWebBank is the first state-chartered, FDIC-insured institution to operate solely via the Internet. First Internet Bank of Indiana (Indianapolis) has selected document preparation services from Dallas-based MRG Document Technologies, the mortgage ...
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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