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Financial News
The Conservatives Battle with Adam Smith - OpEdNews.com
The bailout is failing because it is a trickle down bailout to solve the problems created by a trickle down economy. In case you haven’t noticed the stock market has fallen into the low 8,000’s and gyrates by 200-500 points a day, somewhat akin ...

World leaders pledge to combat global crisis - WTOP Radio
WASHINGTON (AP) - With the global economy threatening to slip into a prolonged recession, world leaders have come up with a lengthy action plan they hope will bolster badly shaken investors' confidence. The plan was produced at a weekend meeting of ...

Nov 17, 5:39 AM EST - Associated Press
WASHINGTON (AP) -- With the global economy threatening to slip into a prolonged recession, world leaders have come up with a lengthy action plan they hope will bolster badly shaken investors' confidence. The plan was produced at a weekend meeting of ...

Dow slips below 8,000 on growing fear of deflation - KTAR.com
WASHINGTON (AP) - A growing fear of economic deflation helped take the air out of the stock market Wednesday, and another white-knuckle final hour on Wall Street pushed the Dow Jones industrials under 8,000 to their lowest close since the financial ...

Ecuador: ex-officials deny gaining from bond deals - WTOP Radio
QUITO, Ecuador (AP) - Former Ecuadorean leaders said Friday that President Rafael Correa was playing politics when he accused them of taking bribes during $3.9 billion in debt renegotiations. Correa said the former officials and two investment banks ...

Regional Roundup for 11/19 - Dallas Morning News
The city might scale back plans to refinance $164 million worth of Dallas Cowboys stadium bonds after not finding buyers at a reasonable rate. Arlington could have more success if it refinanced $110 million of that through bonds that mature within ...

Former Ecuador leaders deny profit from bond deals - San Francisco Gate
Correa said the former officials and two investment banks — U.S.-based J.P. Morgan and Salomon Smith Barney, now part of Citigroup Inc. — should repay debtholders after a government audit found they profited off of the "illegitimate" deals. ...

Fluvanna hopeful on bond deal - Daily Progress
Results from recent government bond sales across the state have Fluvanna County officials hopeful that their proposed December debt sale to fund the county’s new high school will be successful. A local taxpayer organization, however, is hoping the ...

Losing it all: Subprime loan mess slamming doors on homebuyers in ... - Lynchburg News and Advance
You wouldn’t expect a $1 million home on Easy Street on Smith Mountain Lake to end up in the same situation as a $20,000 house from inner-city Lynchburg. One was built as a lakeside mini-mansion in 2006. It has 5,200 square feet, granite ...

Suthers cracks down on mortgage fraud - Rocky Mountain News
Colorado Attorney General John Suthers today said he has reached settlements with three mortgage companies as part of a crackdown on false advertising that he launched about two years ago. Suthers said that Denver’s Arbor Financial Inc., 5280 ...

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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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