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Tom Acitelli - New York ObserverProbably the biggest story in the Manhattan office market at the close of 2008 is sublease space. A lot of it's spilling onto the market, a stark indicator of what belted the office market, long the nation's healthiest, off its pedestal just a few ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Local banks shift strategy - ColumbianN. Scott Trimble/The Columbian Vancouver-based First Independent Bank says its loans to individual customers and medium-sized businesses have jumped 30 percent. The U.S. Treasury secretary frets that banks aren’t lending, a Nobel Prize winning ...
The Credit Crunch Squeezes Municipal Bonds - US News and World ReportMunicipal bonds help cities, hospitals, museums, and universities raise cash to build bridges, new dormitories, and wards. They are generally considered some of the safest investments available. But the subprime sludge that has muddied so much of the ...
PEACOCK PARTY - New York PostTHE Peacock network is looking for space so it can expand its wings. Our media spies say NBC is seeking 300,000 feet of "incremental" space to add to its current office digs, which include its headquarters at 30 Rockefeller Plaza. You might recall ...
Voters say yes in Mayo, Boiling Springs fire districts; Holly Springs ... - Spartanburg Herald-JournalResidents in Spartanburg County faced several referendums, chose several commissioners, and one town elected a councilman. Boiling Springs Fire District voters on Tuesday approved a referendum allowing the district to issue $2 million in bonds to ...
Populism now! The mother of all DIY projects - Online Journal“You got to be very careful if you don’t know where you’re going, because you might not get there.” --Yogi Berra. Henry Paulson waves his crooked pinkie in the air with his mouth twitching spastically, and explains to the gathered senators ...
History's Biggest Margin Call - Safe HavenWhat a vicious crisis. For the week, the Dow was hammered for 5.3% (down 36.8% y-t-d) and the S&P500 6.8% (down 40.3%). Economically-sensitive issues were, again, hammered. The Morgan Stanley Cyclical index dropped 12.0% (down 50.9%). The Transports ...
INDUSTRY NEWS & PEOPLE March 2007 - Business Travel ExecutiveThe NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...
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