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KB Home - Chicago TribuneA collection of news and information related to KB Home published by Tribune Company sources. This listing represents real-estate transactions valued at $300,000 or more. Smaller transactions can be found online at OrlandoSentinel.com in the Public ...
Real-Estate Slump Thrusts Lenders Into Unfamiliar Roles - Wall Street JournalMezzanine lender Dominion Capital Management LLC didn't anticipate developing shopping centers when it lent $170 million to developer Premier Properties USA Inc. But that is what Dominion is doing since Premier fell into bankruptcy court last spring ...
Rugby must tackle the credit crunch - The IndependentIt's impossible to pick up a newspaper or switch on the television these days without being greeted with news of the impending recession or details on the global financial crisis affecting the money markets in London and New York. Yet it is against ...
Premier's collapse ruffles lender - Indianapolis StarShort-term lender Dominion Capital Management didn't anticipate developing shopping centers when it lent $170 million to developer Premier Properties USA of Indianapolis. But that is what Dominion is doing since Premier fell into bankruptcy court ...
Debt Linked To Buyouts Tightens Economic Vise - Free Internet PressPrivate equity firms embarked on one of the biggest spending sprees in corporate history for nearly three years, using borrowed money to gobble up huge swaths of industries and some of the biggest names - Neiman Marcus, Metro-Goldwyn-Mayer and Toys ...
Morris families feel the squeeze - Morris County Daily RecordLarry Bebb of Wharton recently lost his job as a maintenance technician and will soon move out of state. "I just found out that I will be losing my job at the end of the month," Bebb said. "I have to do a short-sale on my house and on Nov. 2, I will ...
Foreclosures in Hampton Roads more than triple in past year - HamptonRoads.comForeclosure activity in Hampton Roads continued to climb last month and has increased more than threefold since last year as more banks repossessed homes in the region and homeowners struggled to pay mortgages, a report to be released today found ...
The housing market - Times Union BlogsWASHINGTON — The nation is on track to build fewer homes this year than at any time since the end of World War II, adding to the woes of an economy that analysts said Friday has almost certainly entered a recession. Read the story. RECESSION ...
A Catastrophe Foretold - Common Dreams"Increased subprime lending has been associated with higher levels of delinquency, foreclosure and, in some cases, abusive lending practices." So declared Edward M. Gramlich, a Federal Reserve official. These days a lot of people are saying things ...
The October Surprise - Global Panic - Baltimore ChronicleToday's crisis was planned, according to economist and critic F. William Engdahl, to "shape the future of global banking" through creative destruction. The panic incited is designed to change the "face of European banking." Weaken it with toxic junk ...
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