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The wizarding world of Justin Wizard - Charleston Gazette
CHLOE, W.Va. - In casual conversation, Justin Wizard spouts affirmations and positive thinking phrases almost continuously. Every day is precious, he says. Life is short. Go play. Radiate love. Wizard and his girlfriend, Tina Rappaport, live on a ...

Unemployment rate tops 7 percent in Whitfield County - Daily Citizen-News
The state’s worst unemployment situation since the days of the “Blizzard of ‘93” is showing few signs of improvement for Murray and Whitfield counties as the floorcovering industry continues to struggle. Metro Dalton’s (Murray and Whitfield ...

Subprime Lending Hurts Homeowners - Social Funds
The Center for Responsible Lending contends that subprime lending has led to a net loss in homeownership. SocialFunds.com -- Not since the Great Depression has the mortgage market faced harder times, asserts a new report from the Center for ...

Radio & TV Talk - AccessAtlanta
All the entries posted in July. “Good Morning America” host Robin Roberts, who worked as a morning co-host at V-103 and a WAGA-TV sports broadcaster in the 1980s, announced today that she has breast cancer but she said she caught it early. “I ...

Miller, Watt take aim at predatory lending with updated bill - Raleigh News & Observer
* Require mortgage brokers and bank loan officers to be licensed. * Require those who make loans to establish that borrowers have a reasonable ability to repay a loan. * Prohibit home refinancing unless the borrower will receive a "net tangible ...

A funding roller coaster - Southwest Journal
Like struggling neighborhoods across Minneapolis, Whittier battled urban blight through the Neighborhood Revitalization Program (NRP). "Particularly to a neighborhood like Whittier that was pretty desolate, pretty delinquent, NRP really gave it back ...

The Untold Story Behind the Mortgage Numbers the Federal Reserve ... - HispanicBusiness.com
WASHINGTON, Sept. 8 /PRNewswire/ -- The Federal Reserve today released figures showing once again that African-Americans and Latinos pay more for mortgages than white borrowers. Data collected from lenders for 2005 show that a majority of loans (52 ...

Statement of CRL President Michael Calhoun on Financial Services ... - PR Newswire
WASHINGTON, March 13 /PRNewswire-USNewswire/ -- The housing, economic, and mortgage rescue proposal from House Financial Services Committee Chairman Barney Frank is extremely helpful and the Center for Responsible Lending commends him for taking a ...

CRL President Michael Calhoun's Statement on the President's Working ... - PR Newswire
WASHINGTON, March 13 /PRNewswire-USNewswire/ -- We're glad the Administration recognizes that the subprime crisis was caused by reckless lenders who've been inadequately supervised by federal regulators. The President's Working Group on Financial ...

Mortgage company refuses to bend in case of Calhoun Co. homeowner - WIS-TV
CALHOUN COUNTY, SC (WIS) - Disability leads to a desperate problem for a Calhoun County couple. A foreclosure could soon force the James family from their home. But they say their mortgage lender isn't being fair. Armed with signs, homeowner George ...

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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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