Columbus Mortgage Rates and Information Online from competing Lenders

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Oil tumbles below $50 as recession called - MSN MoneyCentral
COLUMBUS, Ohio (AP) - Oil prices tumbled below $50 a barrel Monday as National Bureau of Economic Research reported that the U.S. economy has been in a recession since December 2007. Crude had already fallen 8 percent on reports showing that ...

Ohio wins court settlement against mortgage lender - Zanesville Times Recorder
COLUMBUS (AP) - A bankrupt subprime lender accused of shoddy practices has been barred from accepting mortgage applications in Ohio, state Attorney General Nancy Rogers announced Wednesday. The agreement with New Century Financial Corp. of Irvine ...

Low rates breathe life into mortgage market - Columbus Dispatch
A recent half-percentage-point drop in 30-year home loans is jolting a mortgage market that has been weighed down by a nose-diving economy and troubled credit markets. Mortgage applications were up 112 percent during the week that ended Nov. 28 ...

Oil tumbles below US$44 a barrel, gas prices in U.S. hits new low - Edmonton Sun
COLUMBUS, Ohio - Oil tumbled below US$44 a barrel Thursday and average gasoline prices in the United States slipped under $1.80 a gallon, both four year lows, as unemployment benefit claims hit a 26-year high and major companies announced more job ...

Shopping malls, hotels near mortgage default; more looming - The Columbus Dispatch
WASHINGTON -- Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events ...

Mortgage company begins foreclosure process on Guerra’s home - Brownsville Herald
RAYMONDVILLE - A mortgage company is foreclosing on District Attorney Juan Angel Guerra's house, according to notice posted at the Willacy County courthouse. Chase Home Finance of Columbus, Ohio, has begun the foreclosure process on the house that ...

The Blogosphere Comes Of Age ... - Andrewsullivan.theatlantic.com
The blogger Tanta, an influential voice on the mortgage collapse, died Sunday morning in Columbus, Ohio. Ms Dungey, RIP, had the right tude: Tanta liked to chew on the follies of regulators, the idiocies of lenders and — a particular favorite ...

Beazer Homes loss balloons as sales plunge in Columbus, other markets - Fox 19
A struggling homebuilder that's pulling out of Columbus reports that losses in its latest quarter more than tripled from a year ago. Beazer Homes USA also says its home closings in the July through September quarter were down 38% compared to last ...

We Are All Subprime Now, R.I.P. - The Washington Independent.com
Financial bloggers are in mourning today for Tanta, at Calculated Risk, who died on Sunday in Columbus, Ohio. As the tributes to her throughout the blogosphere make clear, her analysis of the mortgage crisis was closely followed and influential. She ...

Nov 30 - Dec 06 (176) - Andrewsullivan.theatlantic.com
If you're like me, you're putting your monthly retirement account statement directly into the trash without opening it. But it could be worse. An Economist writer who taught financial literacy to homeless single mothers noticed something wild : One ...

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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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