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Here’s John, in his own words: - Boston GlobeMy favorite search on MLSPIN is by “price per square foot”. I have been looking through that over the past few months and have found some gems. Problem is that the search usually results in a list of properties with street names I’ve never ...
You can stop payday lenders but not the way they say - Daily TerritorialYou can’t stop them. You can explain the dangers extensively to them but they will do it anyway. When the pressure is on, they will do it, again and again until they can’t do it any more. What am I talking about? Teenage sex? Not today. I’m ...
Citi to modify $20 billion in home loans - CNN MoneyNEW YORK (CNNMoney.com) -- Citigroup says it will expand its foreclosure prevention efforts and try to keep 130,000 troubled borrowers with $20 billion in mortgages in their homes. The news follows similar initiatives announced earlier this year by ...
Sirius XM chief: Yes, we will be profitable - CNET NewsNEW YORK--He made it past the Federal Communications Commission . But Sirius XM Radio CEO Mel Karmazin now has to deal with Wall Street. In his keynote interview Tuesday at the Media & Money Conference, a joint production of Dow Jones and Nielsen ...
This is your subprime brain on drugs - SalonCan we blame Wednesday's stock market plunge on human neuroanatomy? Specifically, are we wired to be suckers for subprime loans? Just such a hypothesis is suggested by Jonah Lehrer at the Frontal Cortex blog. (Thanks to Boing Boing for the tip ...
Register for FREE - Wall Street JournalANTIOCH, Calif. -- When the Federal Deposit Insurance Corp. seized control of IndyMac Bancorp -- the nation's 10th-largest mortgage lender by loan volume -- the agency vowed to ease terms for many of its troubled borrowers. In doing so, the FDIC ...
Michael Lewis strikes again: explaining the crash - Sacramento BeeMichael Lewis, who first chronicled Wall Street abuses in "Liar's Poker" (and later wrote "Money Ball" among other books), has written a masterful explanation of the end of the boom for Portfolio Magazine. The piece profiles Steve Eisman, a trader ...
California Saved by Mom, Pop as Rates `Choke' Issuers (Update2) - BloombergOct. 17 (Bloomberg) -- California, the biggest U.S. state borrower, raised $5 billion to avert a cash shortage by turning to the bedrock of the municipal bond market: its own taxpayers. California, a bellwether for state and local government debt ...
Why the Government Will Have a Hard Time Being a Foreclosure White ... - New York Times BlogsIf you think it’s simple for the government to swoop in and stop home foreclosures, think again. There were an awful lot of moving parts in the machine that built this mess — just ask Alan Greenspan * — and therefore it’s no easy matter to ...
Iceland's economy washed up on shore - Haaretz.comREYKJAVIK - In Icelandic, the language that is closest to the Old Norse spoken by the Vikings, a common word to express unexpected good fortune is hvalreki ("beached whale"). Iceland today would need a lot more than a few whales washing up on its ...
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