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Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Now that Hank Paulson has transformed the U.S. Treasury into Goldman Sachs South–buying, selling, lending to and merging companies–it ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

Ron Grzywinski and Mary Houghton | community bankers - US News and World Report
In the midst of the subprime mortgage crisis, most bankers are fleeing from at-risk homeowners. But a bank in gritty south Chicago is running toward them with open arms. ShoreBank is courting low-income homeowners threatened by exploding adjustable ...

West Village developer allowed longer leases - Atlanta Journal Constitution
The developer of the 63-acre West Village mixed-use neighborhood in south Cobb County will be able to lease condominiums for a longer period, until the market improves enough to sell them. The County Commission has approved developer Branch ...

I still want to give away £1billion (but charities might have to wait ... - Daily Mail
The sun was shining, not only on Sir Tom Hunter but also on the world economy, when the billionaire Scot invited TV cameras into his luxury villa in Cap-Ferrat in the south of France and announced his great philanthropic dream to give £1billion to ...

What is the single most important ramification of the election? - Atlanta Journal Constitution
Before I tackle this week’s topic, I must first congratulate Barack Obama. Even the election of a man with whom I deeply disagree makes me proud to be an American. I will probably object to his policy priorities, but the ascendance of our first ...

Equitable Trust announces expansion of Single Family lending business ... - CNW Group
TORONTO, April 9 /CNW/ - The Equitable Trust Company, a leading alternative lender since 1970 to the country's fastest-growing real estate markets today, announced that it will expand its Single Family lending business to the Province of Manitoba ...

I still want to give away £1bn: Sir Tom - This is Money
The sun was shining, not only on Sir Tom Hunter but also on the world economy, when the billionaire Scot invited TV cameras into his luxury villa in Cap-Ferrat in the south of France and announced his great philanthropic dream to give £1bn to ...

Meltdown of economy detailed in local reports - Los Angeles Business
Economic wreckage is spread across the country, in virtually every sector, starting with housing, with one in every 452 U.S. housing units receiving a foreclosure notice in October. The Federal Reserve Bank of Atlanta's vice president delivered grim ...

The Next Subprime Crisis Looms - FHA-Backed Loans - Free Internet Press
The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers - many of them the ...

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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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