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News about Mortgages:

Junk Time - Forbes
Eric Wagoner has been investing in distressed securities since he helped Julian Robertson scout out troubled real estate investment trusts at Kidder, Peabody in the late 1970s. But he's never seen anything like this. Wagoner, now with Source Capital ...

External crisis will lash Dominican economy, the UN says - Domican Today
SANTO DOMINGO. - The United Nations Conference on Trade and Development (UNCTAD) ecpects countries such as Dominican Republic, which are highly dependent on the U.S. economy, “will be lashed” by the external crisis. In a videoconference organized ...

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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