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How would you save the auto industry? - MSNBC
Leaders of the top U.S. automakers return to Capitol Hill this week to make a second bid for more than $25 billion in federal help. From left are Ron Gettelfinger of the United Auto Workers union, GM's Rick Wagoner, Chrysler's Robert Nardelli and ...

GM, Chrysler Likely to Need New UAW Accord on Trusts (Update1) - Bloomberg
Oct. 30 (Bloomberg) -- General Motors Corp. and Chrysler LLC probably will need a new agreement with the United Auto Workers for union-run medical trusts before the money-losing automakers can complete a merger, people familiar with the matter said ...

GM-Chrysler Union Funds Said to Be Hurdle in Merger (Update1) - Bloomberg
Oct. 29 (Bloomberg) -- Merger talks between General Motors Corp. , the largest U.S. automaker, and Chrysler LLC face a possible hurdle in the union-run trusts created to manage retiree health benefits, people familiar with the matter said. A tie-up ...

Washington bankruptcy filings rise 40% - Seattle Times
Individuals and businesses who can't pay their bills anymore and can't sell off assets to pay their debts typically seek protection from creditors in bankruptcy court. The court can give them a fresh start by releasing them from personal liability ...

Register for FREE - Wall Street Journal
When the hulking complex now known as the GM Renaissance Center was conceived in the wake of Detroit's 1967 riots, civic and business leaders hoped its construction along the Detroit River would help revive the city's downtown. These days it's the ...

Chrysler deal may rely on fed aid - Detroit News
Talks between Chrysler LLC owner Cerberus Capital Management LP and suitors for the automaker are progressing at a rapid clip, say people familiar with the discussions. But with credit markets still reeling from the banking crisis, a deal may hinge ...

GM, Chrysler likely to need new UAW accord on trusts - Windsor Star
General Motors Corp. and Chrysler LLC probably will need a new agreement with the United Auto Workers for union-run medical trusts before the money-losing automakers can complete a merger, people familiar with the matter said. That adds a hurdle for ...

2008 Election - Oregonian
Diane McKeel will take a seat on the Multnomah County Board of Commissioners in January, after a narrow come-from-behind victory. McKeel, the executive director of the West Columbia Gorge Chamber of Commerce, said she will spend the next two months ...

Faneuil Hall, Natick Collection Owner In Trouble - WBZ-TV
BOSTON (WBZ) ― The company that owns several popular malls in New England says it may have to file for bankruptcy - just before the holidays. General Growth Properties Inc. of Chicago owns the Faneuil Hall Marketplace , the Natick Collection ...

Viewer Stories: Housing Market Victims - WSB-TV Atlanta
I lost my house a few months ago because I did not have the money for the elevating arms that came when the mortgage went from $1,222.00 to $2,000.00 in three years. I feel that the mortgage was a joke when no one would talk to me at the table before ...

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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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