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News about Mortgages:
Enterprise woman nabbed for identity theft - Enterprise LedgerA 60-year-old Enterprise woman was arrested Tuesday for allegedly stealing another woman’s identity to obtain thousands of dollars in loans. Enterprise police arrested Karen Houston, who lives on Rucker Boulevard in Dale County, and charged her ...
Wheat farmers set example - Portsmouth HeraldWith gas back down under $2 and most commodities, including food, also returning to traditional price ranges, it is important that we not forget the uncertainty of this past summer, when $5 for a gallon of gas seemed possible and food prices had many ...
Town board accepts 2009 budget, looks to fill vacancies - Daily Freeman & Sunday FreemanTwo dedicated members of town government have surrendered their posts this month. At a Nov. 13 meeting, Supervisor Florence Prisco announced the resignation of longtime Town of Washington Board member and local attorney, Allan Rappleyea. "I have to ...
Forget Citigroup, a California puppet show needs a bailout - International Herald TribuneLOS ANGELES : There are many ways to measure California's tanking economy: an 8.2 percent unemployment rate; a multibillion-dollar state budget gap; threatened endowments of the city's museums, causing some cultural institutions to nearly default on ...
The state of Citi - Boston GlobeI have one word for those who advocate for a new and broader regulatory framework to protect us from the kind of financial threats doing so much damage today. Citigroup . The emergence of a shadow banking system - brokers, mortgage companies, and ...
Faith-Based Coalition Urges Fewer Foreclosures - Washington PostA national coalition of faith-based organizations has launched an effort to push the federal government for a more streamlined approach to handling troubled mortgages, with the aim of keeping more owners in their homes. "Families are losing their ...
Graduates’ burden: Student-loan payments - Las Vegas SunA pair of College Board reports show how the cost of attending college has escalated over the years and how students are financing their educations. These are the questions Eric Jones, 24, has been asking, to no one in particular, since he graduated ...
Government: Citi's too big to fail - Cincinnati.comWASHINGTON - Taxpayers may be wondering why they're forking over more money to rescue yet another behemoth, Citigroup, even as their own nest eggs crack and jobs evaporate. The answer is that Uncle Sam thinks letting Citi fail is unthinkable. The ...
News analysis: Why Citi had to be rescued - Daily HeraldWASHINGTON -- Taxpayers may be wondering why they're forking over more money to rescue yet another behemoth, Citigroup, even as their own nest eggs crack and jobs evaporate. The answer is that Uncle Sam thinks letting Citi fail is unthinkable. The ...
Citigroup rescue a gamble for taxpayers - Seattle TimesPeople exit a Citibank in New York. The government is injecting $20 billion into Citi and will guarantee billions more in possible losses. GERALD HERBERT / AP President Bush, accompanied by Treasury Secretary Henry Paulson outside the Treasury ...
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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