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News about Mortgages:
Borrowers seeking to refinance may face challenges - Frederick News-PostWith mortgage rates dropping to the lowest point in 37 years, homeowners are heading to lenders to refinance their loans. Jeri Benner of Mason Dixon Funding said her firm did 400 mortgages in December; about three-fourths of those were refinancing ...
Will Obama help or hurt investors? - Asbury Park PressManaging your financial affairs in this season of political transition is like being in a poker game when a stranger shows up. It's hard to know how to play a hand until you get a sense of the new guy's strategy. President-elect Barack Obama is now ...
Super Value In Groceries - ForbesSuperValu's name and ticker symbol, SVU, are quite contradictory. One indicates a value manager's dream--super value, a great investment--while the other is an acronym for the special victims unit--a value trap, a value investor's nightmare. Which ...
Cramer on BloggingStocks: Mnuchin deal for IndyMac is a great sign - Bloggingstocks.comTheStreet.com's Jim Cramer says we need the private sector to get involved. We got out of the 1989-1990 S&L debacle -- which, we often forget, wiped out almost every savings and loan besides Golden West and Washington Mutual (and we know how those ...
Aston Martin DB9 Volante -- Bond would be fond of it - San Francisco GateThere's a scene in David Lean's epic picture, "Lawrence of Arabia," where a stuffy British officer picks his way through a courtyard filled with sick and dying people. As he strides along, he looks around him, his face registering shock at the human ...
New at Reason: Jacob Sullum on the Year in Blame Shifting - Reason.comAnd so, yet again, a picture that has jack and shit to do with the article. I get that election season is meat and potatoes around here, but it's fucking over and the rest of us *suffered trauma* from it. It's not cool to jump behind a guy with PTSD ...
A Lovely Mixed Bag Of A Mailbox... - Football365.comGreat to hear Peter Hill-Wood's comments even if it is only a negotiating stance. Truth of the matter is that any big institution that gets their sums wrong is history. Arsenal's stadium was built with finance from the mad decade but has to ...
Dear Mr. President - Las Vegas SunThe new year will bring the inauguration of a new president, Barack Obama. The Sun invited several Southern Nevadans to write the president-elect, sharing their priorities for his administration and their hopes and dreams for themselves, the ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Call InBev’s board proposal self-serving? Check. Play up experience, independence and sophistication of existing A-B board? Check. Make ...
Falling gas prices good for drivers, bad for economy - ksl.comFrom what I've read, the demand for fuel has dropped anywhere between 2 and 4 percent since its record highs. But gas prices have dropped by over 67% in the same time span. I'm not buying the supply-and-demand BS -- it didn't make sense before, and ...
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.
View all Terms