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Cowboys stadium gears up for 'crunch time' - Fort Worth Star-TelegramTrees have been planted along Baird Farm Road south of the stadium. Crews at the new Dallas Cowboys stadium have finished the concrete floor where the artificial-turf field, or possibly a basketball court, can be laid. Currently sitting on the ...
Former Ecuadorean leaders deny president's charges they took bribes ... - Minneapolis Star TribuneQUITO, Ecuador - Former Ecuadorean leaders said Friday that President Rafael Correa was playing politics when he accused them of taking bribes during $3.9 billion in debt renegotiations. Correa said the former officials and two investment banks — U ...
Teck cuts dividend, sells assets to pay down debt - Saskatoon Star PhoenixTORONTO (Reuters) - Teck Cominco will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt generated by its acquisition of Fording Canadian Coal Trust, the ...
New game plan for refinancing - Fort Worth Star-TelegramARLINGTON — For four months, the city has been unable to refinance $164 million in variable-rate bonds for the Dallas Cowboys stadium project. On Tuesday, city staff members will ask the City Council for authority to refinance only part of the debt ...
British plumbing supplies firm Wolseley to cut 2,000 jobs, close 200 ... - Minneapolis Star TribuneLONDON - Wolseley PLC, the world's largest distributor of plumbing products, said Monday it would shed 2,000 jobs and close 200 branches in Britain and Ireland to adjust to the economic downturn. The company, which has already cut 5,000 jobs across ...
Mall owner faces possible bankruptcy; U.S. 380 mall put on hold - Star Community NewspapersGeneral Growth Properties Inc. (GGP), owner of Stonebriar Centre and Collin Creek Mall in Plano, may be forced to seek bankruptcy protection from its creditors if its debt can't be extended or refinanced. Both malls will remain open for business ...
World leaders agree on plan to fight recession - Windsor StarWASHINGTON -- World leaders Saturday backed a combination of measures to kick-start growth with better financial market regulation and more say for emerging countries as their response to the global economic crisis. Presidents and prime ministers ...
Montreal withdraws MLS expansion bid - CBC NewsStefano Pesoli has helped the Montreal Impact reached the quarter-finals of the 2008-09 CONCACAF Champions League. (Graham Hughes/Canadian Press) In a surprising development, it was revealed Friday that Montreal has rescinded its bid for a Major ...
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 ...
Mall’s owners may face bankruptcy - Lake Wales NewsGeneral Growth Properties Inc., owners of the Eagle Ridge Mall in Lake Wales, saw its stock plummet this week after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 ...
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