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Rupert Murdoch, Lord Mandelson and Lord Byron: what's their game? - Guardian UnlimitedWe anti-conspiracy theorists have been mocked this week for suggesting there may be less than meets to eye to the yachtgate row, enjoyable though it has been for fans of Peter Mandelson, George Osborne and Oleg Deripaska (Russia's now-famous Mr ...
Only Halfway Through the Foreclosure Crisis? - ABC News BlogsABC News' Z. Byron Wolf Reports from Capitol Hill: Martin Eakes, who runs the Center for Responsible Lending, told the Senate Banking Committee in February 2007 that the U.S. was on the precipice of two million foreclosures for subprime loans. Today ...
Regency Energy Partners Reports Third-Quarter 2008 Results - Businesswire.comDALLAS--( BUSINESS WIRE )--Regency Energy Partners LP (NASDAQ:RGNC) announced today its adjusted EBITDA increased 69% to $67 million in the third quarter 2008, compared to $39 million in the third quarter 2007. Revenue in the third quarter 2008 ...
HUD tenants facing uncertain future - New Orleans Times-PicayuneBefore Hurricane Katrina, Brodwein Beraud worked as a home-health aide and paid a few hundred in rent to Versailles Arms, a complex in eastern New Orleans subsidized by the U.S. Department of Housing and Urban Development. Like about 4,000 other ...
'Muzzled' Biden's Halloween Present: A Press Avail - ABC News BlogsABC News' Matthew Jaffe reports: Earlier this week, Republicans claimed that Sen. Joe Biden, D-Del., had been “muzzled” by the Democratic campaign, noting that he had not held a full-fledged press availability with traveling reporters since a ...
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