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Warsaw School Board okays bonds to replace roof - Daily Gate CityWARSAW, Ill. - The Warsaw School District can move forward to replace the roof on its 1957 building with the school board's approval Thursday of issuing general obligation bonds. The district is borrowing $370,000 in new money for the life/safety ...
For local buyers, mortgage harder to get as banks require more - Pantagraph“On the other side of that, I don’t know if we can give them a loan,” Maschhoff said. Borrowers who want to get a new home mortgage, refinance a home loan or open up a home equity line of credit are up against some challenges in today’s ...
Powder at Social Security office was food substance - PantagraphSeventeen employees and about 10 clients were evacuated about 2:30 p.m. from the building at 207 N. Williamsburg Drive. Bloomington firefighters, including their hazardous-materials response team, police, the FBI and the Department of Homeland ...
Commercial real estate feels pinch - Minneapolis Star TribuneYes, the commercial mortgage sector is feeling some of the fallout from the tighter credit markets. And, as you noted, the delinquencies … read more on commercial mortgages, while up, are still low by historical standards. So what do I mean by too ...
Commercial real estate feels pinch: Concerns mount for income ... - TradingMarkets.comThe commercial real estate market in the metropolitan area and across the county has been feeling the effects of the subprime housing lending meltdown for more than year, with tight credit slowing what had been a brisk market in income-producing ...
Five Star Quality Care, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.comGood day everyone and welcome to the Five Star Quality Care third quarter 2008 earnings results conference call. This call is being recorded. At this time, for opening remarks and introductions, I would like to turn the conference over to the ...
Cypress Semiconductor Corp. Q3 2008 Earnings Conference Call ... - Seekingalpha.comGood morning and welcome to Cypress Semiconductor Third Quarter Earnings Release Conference Call. Today's conference is being recorded. If you have any objections, you may disconnect at this time. Your lines have been placed on a listen-only mode ...
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