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Help available for delinquent home owners - McAllen MonitorMcALLEN -- Instead of wishing away the barrage of phone calls, mail and the sudden understanding of what it means to be underwater, homeowners need to quickly seek help if they're falling behind on payments. Banks are now more willing to work with ...
U.K. Stocks Advance, Led by Banks; HBOS, Lloyds TSB Shares Gain - BloombergOct. 1 (Bloomberg) -- U.K. stocks rose for a second day, led by banks on speculation Lloyds TSB Group Plc's takeover of HBOS Plc will proceed and U.S. lawmakers will push through a $700 billion plan to rescue banks. HBOS , Britain's largest mortgage ...
House of Cards - MediaChannel.orgNationwide, two million homes sit vacant. Home sales are at a nine-year low. Former Treasury Secretary Larry Summers says that housing finance has not been this bad since the Depression. We still don’t know the full extent of the colossal subprime ...
Keeping up with Clinton - Corpus Christi CallerWe are following the happenings around Hillary Rodham Clinton's visit to South Texas Wednesday with updates throughout the day. 7 a.m.: 23 people in line at 7 a.m.; the Back-Off cookers pulled into the parking lot with their smoker on the trailer ...
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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