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News about Mortgages:
Russia to refinance offshore debt under new law-sources - ForbesMOSCOW, Oct 7 (Reuters) - The Russian government is quickly preparing amendments to draft anti-crisis legislation to allow state banks to refinance corporate debt secured via offshore firms, parliament sources said on Tuesday. The draft law, to be ...
Housing Pain Gauge: Nearly 1 in 6 Owners 'Under Water' - Wall Street JournalThe relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth, raising the possibility of a rise in defaults -- the very misfortune that touched off the credit crisis last year. The ...
Former Bush aide: Refinance everybody at 5.25% - Los Angeles Times BlogsFormer White House economic advisor Glenn Hubbard -- that's him pictured just to the left of the president -- is proposing a sweeping plan to boost housing prices by offering across-the-board, government-backed, 5.25% refinancing to all American ...
Companies face £50bn funding crisis - Daily TelegraphMany members of the FTSE350 face a serious crunch as at least £50bn in their publicly traded debt expires by December, and some will go to the wall, experts have warned. The news is the latest example of how the financial crisis is starting to ...
Federal agency offers help fending off foreclosure - Boston GlobeStruggling homeowners with plummeting property values may now be able to avoid foreclosure by refinancing their mortgages through a new federal program, the Department of Housing and Urban Development said yesterday. HUD Secretary Steve Preston ...
Credit market could affect state bonds - Stamford AdvocateHARTFORD - The faltering credit markets could make it impossible for the state to sell bonds for road repaving, school construction, clean water initiatives and other capital projects. State Treasurer Denise Nappier Monday briefed the legislature's ...
Good luck, America -- but if luck fails you, there's always St Louis! - OpEdNews.comMany years ago, a soothsayer once told me, "Wherever you go, you will always bring good luck to the people you meet." "Oh yeah sure really?" I was skeptical. "And just exactly what do I have to do to make all this happen once I meet all these people ...
PRESS DIGEST - Thai newspapers - Oct 6 - ReutersBANGKOK, Oct 6 (Reuters) - These are some of the leading stories in Thai newspapers on Monday. Reuters has not verified these stories and does not vouch for their accuracy. - More protesters poured into Government House as fledgling attempts to end ...
Read what our financial advisers had to say - Detroit Free PressNick: No it should not be. They're being held with secured notes on the property itself. They can't after additional assets to try to satisfy what's owed. But foreclosing means you're credit is going to be affected. That won't affect you until you ...
Kuwait's Dar closes 1st part of $400mn Islamic loan - ArabianBusiness.comKuwait's Investment Dar, which owns half of British luxury car Aston Martin, said it had closed the first tranche of a 1.5 billion riyal ($400 million) Islamic syndication to refinance debt. The three-year Murabaha deal was priced at 200 basis points ...

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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.
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