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BofA could move jobs to Charlotte - Atlanta Business ChronicleBank of America will likely relocate 650 jobs from the bank’s namesake skyscraper in Midtown Atlanta to Charlotte, N.C., unless the building gets a major renovation. BentleyForbes Group , owner of Bank of America Plaza, and attorneys representing ...
Bailout goes from necessary to nightmarish - Atlanta Journal ConstitutionThat $700 billion financial sector bailout that I supported — and do still, but with an exit strategy — is a nightmare in the making. Look what’s happened since the first of the month: Atlanta Mayor Shirley Franklin, smelling a bailout handout ...
CapeCodToday Blog Chowder - Cape Cod Today"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...
Labour trying to undermine rival HBOS bids–Salmond - ScotsmanALEX Salmond increased the pressure on the UK government over the HBOS takeover yesterday, accusing Labour politicians of "leaking and briefing" in an attempt to undermine rivals to the Lloyds TSB bid. He also accused Gordon Brown, the Prime Minister ...
Crisis-hit Iceland nationalizes third bank - CNNREYKJAVIK, Iceland (AP) -- Iceland's government took control of the country's largest bank Thursday as it struggled to prevent an all-out collapse in its overweight banking system. Iceland's prime minister has warned that the Nordic nation faces ...
Economic Downturn Impacts Home Improvement - KFSNFresno, CA, USA (KFSN) -- An uncertain economy could lead to uncertain sales at this weekend's home improvement show. The event kicks off today at the Fresno Fairgrounds and homeowners are looking, but not necessarily buying. "There are things I ...
Bush Stands By Petraeus; New Showdowns With Hill Loom - US News and World ReportIn remarks at the White House yesterday morning, President Bush said he would give Gen. David Petraeus "all the time he needs" in Iraq before proceeding with further reductions in US troop levels. Bush also said, as the CBS Evening News reported ...
Rainy-day fund no good for the hurricane ahead - Journal InquirerMeeting with the General Assembly's Banks Committee last Monday, state Treasurer Denise L. Nappier said the state pension fund had lost more than 10 percent of its value in recent months. But, she added, the people covered by the fund -- state ...
Scarborough-Holbrooke Tension Convention - News BustersLet's take a break from the tedious MSM spin on the latest polls, and settle back and enjoy the televised spectacle of two people who patently dislike each other going at it on live national TV. Former UN Ambassador/current Obama backer Richard ...
An Invitation to Our Readers - BusinessWeekEarlier this year, we launched a new and innovative feature on BusinessWeek.com to prominently highlight the insights of our readers. Called In Your Face , it calls attention to the most substantive comments left on our site by our readers. Not only ...
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