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Washington Hospital helps bail out St. Rose - Inside Bay AreaFREMONT — Washington Hospital has approved a $1.5 million grant to help keep St. Rose Hospital in Hayward afloat. The grant, approved last week at the urging of Alameda County health officials, is part of a plan to help St. Rose refinance its debt ...
Dow slips below 8,000 on growing fear of deflation - KTAR.comWASHINGTON (AP) - A growing fear of economic deflation helped take the air out of the stock market Wednesday, and another white-knuckle final hour on Wall Street pushed the Dow Jones industrials under 8,000 to their lowest close since the financial ...
BSkyB to raise $600 million in bond issue - Buffalo NewsSatellite broadcaster British Sky Broadcasting Group PLC said Tuesday it plans to raise $600 million in a bond issue to refinance existing debt and acquire new businesses. BSkyB, whose biggest shareholder is Rupert Murdoch's News Corp., said it will ...
City stays with Main Street - Hawk EyeWhen it comes to supporting Main Street Iowa, Burlington City Council members believe in the old adage, "If it's not broke, don't fix it." During regular session Monday, the council approved a resolution in support of the program with more than two ...
The Right "Solve" - Huffingtonpost.comTo do anything, you must decide. What action you choose depends on what outcome you want. There are four possible outcomes - four "solves" - from which you can choose. The following wisdom comes from Russ Ackoff (Is anyone surprised?) writing about ...
UK plumbing supplies firm Wolseley cuts 2,000 jobs - Buffalo NewsWolseley 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 Europe and ...
The Next Subprime Crisis Looms - Der SpiegelJoseph McCloskey, a former director of FHA's single-family asset management branch, says workers reviewing lender applications have had difficulty for years tracking whether executives of previously disciplined mortgage firms were applying for new ...
State: HRC’s ticket to debt forgiveness? - Politico.comIf Hillary Rodham Clinton becomes Barack Obama’s secretary of state, she could wipe away her lingering $7.6 million presidential campaign debt. As the nation’s top diplomat, she would be barred by tradition and ethics rules from partisan ...
Rivals to this day - Columbus DispatchE. Gordon Gee, left, president of Ohio State University, sought an on-campus arena in the 1990s. Then-Columbus Mayor Greg Lashutka wanted an arena Downtown. After years of failed efforts, it was becoming clear in 1994 that Columbus was on the verge ...
Car fire on 94 at 121st - Milwaukee Journal SentinelNov. 21, 2008 6:53 a.m. | A car fire is backing up the commute on westbound I-94 near 121st St. Here's the look from the DOT camera . The fire is causing major delays. The trip from downtown to Moorland Rd ., normally a ten minute drive, was taking ...
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