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Home Value Highwire - WTOP RadioWASHINGTON - If you want to buy in today's housing market, you may not be able to seal the deal or get a loan, unless you have cash and good credit. You need cash to close the deal. The days of zero-down are gone. That's the new reality of the ...
Treasuries Rally as Fed’s Move to Buy Mortgages Prompts Hedging - BloombergNov. 25 (Bloomberg) -- Treasuries rose for the first time in three days as the Federal Reserve’s plan to purchase as much as $600 billion in mortgages prompted investors to buy government debt to hedge against losses in their portfolios. Investors ...
U.S. Treasuries Rise After Reports Underline Recession Outlook - BloombergNov. 26 (Bloomberg) -- Treasuries rose for a second day as durable-goods orders fell twice as much as forecast and consumer spending dropped last month by the most in seven years, reinforcing concern the U.S. recession is deepening. Bonds rallied in ...
BofA dumps downtown office space - Baltimore Business JournalNation’s largest bank to vacate 220K s.f. in Calvert St. building The nation’s largest bank is making a big deposit in downtown Baltimore: 220,000 square feet of vacant office space. Bank of America Corp. is planning to leave that much space at ...
House rejects Wall Street bailout. Did it do right? - Orange County RegisterWASHINGTON – In a nail-biter vote, the House of Representatives today shocked Capitol Hill and Wall Street and voted down the bipartisan $700 billion financial bailout by a vote of 228-205. Orange County's lawmakers split their decision: Reps. John ...
The Post's annual Housing Outlook provides in-depth analysis of area ... - Washington PostThe median price of single-family houses and townhouses in the Washington region eclipsed $400,000 last year, making inexpensive housing more and more of an oxymoron here. In this special feature, we check the housing market in 13 jurisdictions -- as ...
Treasuries Climb Before Economic Reports That May Show a Deeper ... - BloombergNov. 25 (Bloomberg) -- Treasuries rose for the first time in three days as the Federal Reserve’s plan to purchase as much as $600 billion in mortgages prompted investors to buy government debt to hedge against losses in their portfolios. Investors ...
Erie County Real Estate Transactions - Buffalo News• 31 Lanoche Court, Michael A. Young; Karen A. Young to Yijun Cheng; Li Li, $525,000. • 1 Cloister Court, Mary Michael Egan; Edmund A. Egan to Michael P. McGorry; Pamela M. McGorry, $466,000. • 73 Hampton Hill Drive, Nicholas D. Mecca; Efterpe ...
Part 1 of 3: On shaky ground - Baltimore Sun"Think of how many times judges rendered these judgments in all the courtrooms over all those years," he said. "You're talking about a lot of property. A lot of people were affected by the loss of these houses." Kim McGavin is an attorney who has ...
Credit squeeze loosens - CNN MoneyClick on the chart to see other bond prices and yields. Click on the chart to see other bond prices and yields. NEW YORK (CNNMoney.com) -- Bank-to-bank lending rates dipped again Friday, an indication that government moves to juice the economy with ...
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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