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Financial News
Fannie, Freddie Mortgage-Bond Spreads Retrace Fed-Sparked Gains - Bloomberg
Dec. 3 (Bloomberg) -- Yields on Fannie Mae, Freddie Mac and Ginnie Mae mortgage bonds widened relative to U.S. Treasury notes, retracing gains from the past week as investors anticipated an increase in the amount of securities. The difference between ...

Alderwoman: ‘This is not terrible’ bills’ - Waynesville Daily Guide
Times will be tough next year for St. Robert, Finance Committee Chair-woman Theresa Cook acknowledged at a Thursday joint meeting of her committee and the city’s emergency services committee, but they’re not impossible. “We’re looking at this ...

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 ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. The absurdist drama “The Bailout,” now playing under the Capitol Rotunda, is perversely reassuring. It has reinforced my long-held belief ...

Owner's financial trouble won't affect Columbia Mall, Capital Mall - Columbia Missourian
COLUMBIA — The Columbia Mall and the Capital Mall in Jefferson City will remain unscathed by the financial trouble of the malls' Chicago-based parent company, a company spokesman said. The malls' owner, General Growth Properties, said this week it ...

Sportsman’s Outfitter files Chapter 11 - Kansas City Business Journal
Sportsman’s Outfitter & Marine Inc. has filed Chapter 11 bankruptcy, listing estimated assets of as much as $50,000 and estimated debts between $1 million and $10 million. The Lee’s Summit company filed bankruptcy Nov. 4 in U.S. Bankruptcy Court ...

Prince out to leave K-State at end of season - FOX News
KANSAS CITY, Mo. — Kansas State coach Ron Prince was unable to rebuild the Wildcats into the Big 12 contender they were under his predecessor. Now after 2 1/2 seasons in Manhattan, Prince is on his way out and K-State is in the market for another ...

CAMPAIGN NEWS - US News and World Report
This morning's campaign coverage portrays the presidential race as having shifted decidedly in Sen. Barack Obama's favor, giving Sen. John McCain very little chance of picking up any states not won by President Bush in 2004. ABC World News described ...

Constitution candidate uneasy about entitlements - Columbia Missourian
JEFFERSON CITY — James Rensing, the Constitution Party candidate for lieutenant governor, acknowledges he might not be the obvious choice for office. But, he said, many residents cast a vote for Republicans or Democrats each election without ...

Election 2008: Barack Obama in the news - Newsday
Georgia residents packed polling places as early voting began in earnest this week, waiting as long as eight hours in line to cast ballots and forcing some voting sites to stay open deep into the night. Polls have been open in Georgia since Sept. 22 ...

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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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