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State economist says Florida facing more budget troubles - Daytona Beach News-JournalYou haven't seen anything yet. A top state economist said Wednesday that Gov. Charlie Crist and lawmakers could have to plug a $3.5 billion budget hole next year as Florida's housing-driven economy continues to sputter. That budget, which would take ...
His Space - WiredPerched on the edge of a bright white power sofa on the supernaturally quiet eighth floor of the News Corporation’s global headquarters, the last thing Rupert Murdoch looks like is a fire-eyed revolutionary. Starched cuffs. Courtly manner. A month ...
House gets tougher on subprime mortgage lenders - Sioux City JournalWASHINGTON (AP) -- With home foreclosures skyrocketing, the House on Thursday voted to crack down on mortgage lenders by forcing them to get licenses, making them responsible for discovering whether borrowers can really repay and fining them for ...
SHARC to take bite out mortgage foreclosures - KAREHe's been working for years to pay off his mortgage. 46-year-old Jim Jackson of Minneapolis wanted to eventually leave his home to his four children. But last year, an illness in the family forced him to refinance. He says, "We needed to take a loan ...

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Today's Mortgage Terms starting with O
Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.
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