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Timeline: U.S. Credit Crunch & Financial Failures - KNx 1070NEW YORK (CBS News) ― Wall Street and Main Street have been caught up in credit market turmoil, which began in 2007 with rising defaults on mortgages made to financially shaky borrowers and spread to corporate bonds and other kinds of debt. May 17 ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. The latest grim housing statistic comes today from RealtyTrac. The California firm reported Thursday that nationwide foreclosures surged 25% in ...
National housing crisis exacting heavy toll in Riverside County - Riverside Press EnterpriseRiverside County remains at the forefront of the national housing crisis with thousands of homeowners in the unenviable position of owing more to the bank than their homes are now worth. Four of the top 20 ZIP codes in the nation with the highest ...
Fitch Rates Riverside County, California's $60.5MM Lease Revs 'AA ... - PR Inside- Fitch Ratings assigns an 'AA-' rating to approximately $17.5 million Southwest Communities Financing Authority's (authority) 2008 lease revenue bonds series A (county of Riverside Capital Project) and $43 million County of Riverside certificates of ...
A new pot could help struggling homeowners - Riverside Press EnterpriseThe Inland region could soon have access to another multimillion-dollar pot of money to help stem the tide of foreclosures and keep struggling homeowners from losing their houses. A less-publicized part of a federal housing rescue plan approved this ...
Foreclosures Rose 71% in 3rd Quarter as Prices Fell (Update1) - BloombergOct. 23 (Bloomberg) -- U.S. foreclosure filings increased 71 percent in the third quarter from a year earlier to the highest on record as home prices fell and stricter mortgage standards made it harder for homeowners to sell or refinance, RealtyTrac ...
Shoppes co-developer may default on loans - Macon TelegraphCHICAGO — Mall owner General Growth Properties Inc. warned this week that it faces solvency trouble and may be forced to file for bankruptcy if it can’t refinance or extend nearly $1 billion in debt due next month. The Chicago-based company ...
Foreclosures Help Housing Market Find a Bottom: John M. Berry - BloombergOct. 24 (Bloomberg) -- Home sales are booming once again in Prince William County, Virginia, an area hit hard by the housing bust. Foreclosures are responsible. The same is true in counties across Southern California and inland areas east of San ...
Residents, businesses are seeking tax relief - Observer-DispatchProperty taxes take a bite out of Mike Killino’s restaurant business. Killino opened Riverside Diner on River Road in Marcy two years ago. And although he is getting by, he spends about two months a year catching up on his taxes after he pays them ...
Don't Expect a Rebirth, Even if GM Does Sell Its Renaissance Center - Wall Street JournalWhen 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 ...
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