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FBI asked to look into Luxottica data theft - Cincinnati.comLuxottica Group GA is the world's biggest eyewear company. Its brands include Ray-Ban and Oakley. Luxottica employs more than 1,400 at its LensCrafters Inc. eyeglass retail division in Mason. Its building in Mason was expanded in 2006. Lt. Jeff ...
NEWS BRIEFS - Columbus DispatchRates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market. Mortgage finance giant Freddie Mac reported yesterday that average rates on 30-year ...
Pocono Wednesday: Relief for Ross taxpayers but not Stroud; trials for ... - Pocono RecordRoss Township saved for a rainy day, but Stroud did not. In respect for residents feeling the pinch of the economy, Ross supervisors decided not to collect real estate taxes next year. See for yourself: Here's the budget. Stroud Township residents ...
Barack Obama draws on America's economic brains - Daily TelegraphDemocrat Nick Allard (Ted Kennedy staffer since 1980) and Republican Ben Ginsberg (Bush elections campaigns) tell Robert Miller what President-elect Barack Obama can do to tackle America's economic troubles even before he takes office. And, what bi ...
Bank puts hold on sale of Veillette house - Dayton Daily NewsMASON — Contractors have erased the scorched facade and boarded up windows on the Mason home that was the scene of a quintuple murder early this year, but the two-story still is not ready for the auction block. The house was set to be sold at a ...
Gold and Silver Prices Will Begin to Shine - Seekingalpha.comAlthough it's not a great consolation, if you've seen your investment accounts implode and your net worth wilt like a rosebud in a desert sun, you can be comforted by the fact that you are not the only one. Even the great Warren Buffett has seen his ...
U.S. Bancorp Bets on Los Angeles, Taking on Bank of America - BloombergDec. 5 (Bloomberg) -- Los Angeles residents already know U.S. Bancorp because the city’s tallest building bears its name. Now, the Minneapolis company is courting locals and taking aim at Bank of America Corp., its top rival in the region. The 72 ...
Defaults on prime loans spread - Idaho StatesmanBy this year, the bleeding housing market had drained the equity from Judy Jones' home in Murrieta, Calif. But her life still seemed secure. She had a government job, after all, and a 30-year fixed-rate mortgage at 5.875 percent, unlike the shaky ...
Once Favored Housing Fix Put on Back Burner - Street.ComLost amid its oft-changing response to the housing-inspired financial crisis is the government's seeming abandonment of its once-favored means to stabilize the shaky U.S. mortgage market. On the Brink Citi Bailout Could Spur Longed-for Unwind Citi ...
Heads up: France rebuffs Buffett - Kansas City StarFrance’s state-controlled power company Wednesday challenged a proposed takeover by Warren Buffett of U.S. wholesale power generator Constellation Energy . Electricite de France SA , Constellation’s biggest shareholder, offered $4.5 billion for ...
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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