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Financial News
Borrowers look for a 'taste of the bailout pie' - MSNBC
Would-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...

As Loan Rates Fall, Borrowers Seek 'Taste of the Bailout Pie ... - Washington Post
Would-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

No Quick Fix for Housing Prices - Wall Street Journal
The Treasury Department's rescue plan for the U.S. financial industry doesn't directly address the root cause of the crisis: falling home prices. Reuters Foreclosures in Stockton, Calif., discourage prospective sellers from putting their houses on ...

Foreclosures Come To McMansion Country - Common Dreams
LEESBURG, Virginia - Million-dollar fixer-upper for sale: five bedrooms, four baths, three-car garage, cavernous living room. Big holes above fireplace where flat-screen TV used to hang.The U.S. housing crisis has come to McMansion country. Just as ...

Obama, McCain play who’s the socialist - Politico.com
CINCINNATI, OHIO — A week after each candidate’s tax plan took center stage at the third presidential debate, the candidates continued to spar over Barack Obama’s comment that his plan would “spread the wealth around.” At a Wednesday press ...

'Muzzled' Biden's Halloween Present: A Press Avail - ABC News Blogs
ABC News' Matthew Jaffe reports: Earlier this week, Republicans claimed that Sen. Joe Biden, D-Del., had been “muzzled” by the Democratic campaign, noting that he had not held a full-fledged press availability with traveling reporters since a ...

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Today's Mortgage Terms starting with O

  • Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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