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When Chapter 11 Is the End of the Story - BusinessWeek
Robert Neubecker When Sharper Image filed for bankruptcy back in February, new Chief Executive Officer Robert Conway decided to close half of the chain's 184 stores and craft a turnaround plan. But critical court deadlines loomed, and Conway, a ...

Parking meter rates to rise - Williamson Daily News
WILLIAMSON - If you park in the City of Williamson, there's good news and bad news. Parking rates for metered spaces are raising, but the new meters will give you all the time you pay for. The city discussed the parking meter problem at Thursday's ...

2008 Election - Oregonian
Heather Courtney and David Manzo (right), of San Jose, get prepared for a long day of selling their "Barack-in-the-box" toys on the 16th Street Mall outside the Pepsi Center. DENVER -- I'm stuck outside the Convention Center, waiting for those oh-so ...

American Dream Sours as Housing Market Collapses - Common Dreams
DENVER, Colo. - For Cathy Busby, May 1 marked a personal "Mayday!" as she was sucked into the housing crisis sweeping the United States. On Tuesday, she went into arrears on her mortgage after her monthly repayments soared by 40 per cent. The 47-year ...

INDUSTRY NEWS & PEOPLE July 2007 - Business Travel Executive
The Association of Corporate Travel Executives has named Jerome Drevon-Barreaux, global travel manager for Capgemini, as the new regional chair of ACTE Europe. A more than 10 year veteran of the business travel industry, Drevon-Barreaux directs a T&E ...

NO BROADWAY OPENING - New York Post
JARED Kushner did not "strike again" after all - and maybe it's because Harvey Weinstein had a change of heart, too. Kushner, the 27-year-old owner of The New York Observer, failed to close on a deal we reported back on Dec. 11 - the purchase of 700 ...

INDUSTRY NEWS & PEOPLE March 2007 - Business Travel Executive
The NBTA Foundation has announced the retirement of four members from its Board of Trustees and the appointment of their successors. The four outgoing Board members are Fay Beauchine, Carlson Companies; Mathias Friess, Virgin Blue; Susan Jacobs, Visa ...

Jim Axelrod - News Busters
What's another $25 billion between taxpayers? Not much, according to the July 23 "CBS Evening News." The massive housing bailout bill, meant to prop up beleaguered government-sponsored enterprises Fannie Mae (NYSE: FNM ) and Freddie Mac (NYSE: FRE ...

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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.

    View all Terms
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