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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 ...

Letter: Register of Deeds offers solution to foreclosure crisis - Salem News
I believe a little common sense can help solve the worst economic downturn that I have seen in my lifetime, as well as the foreclosure nightmare that we are facing not only here in Essex County, but across Massachusetts and the country. As Register ...

Feds consider changes to mortgage program - Salem News
WASHINGTON (AP) _ The government may let more borrowers qualify for a $300 billion program designed to let troubled homeowners swap risky loans for more affordable ones, a top Bush administration official said Wednesday. The program, included in a ...

Mortgage-market revival: Try, try again - CNN Money
NEW YORK (Fortune) -- The feds are trying once more to resuscitate the mortgage market. But history shows reviving this patient won't be easy. The Federal Reserve said Tuesday morning it would spend $600 billion in coming quarters to buy the bonds ...

Where the Credit Freeze Has Thawed - MSN MoneyCentral
The global half-percent interest rate cut coordinated by central banks from the U.S. to China on Oct. 8 sparked yet another glimmer of hope for a thaw in the frozen credit markets, but the unprecedented action also underlined just how grave -- and ...

Missoula mortgage refinancings have doubled - Missoulian
6 percent or less. Rates are expected to skip around between 5 percent and 6 percent as the Federal Reserve, which meets next on March 18, tries to avoid a nationwide recession. Investors expect the Fed will lower interest rates by another half a ...

CBL & Associates Properties, Inc. Q3 2008 Earnings Call Transcript - Seekingalpha.com
Good day and welcome to the CBL & Associates Properties, Inc. conference call. (Operator Instructions) At this time for opening remarks, I would like to turn the conference over to John Foy, Chief Financial Officer. Please go ahead, sir. This ...

BRITAIN OFFERS BANKS 50bn POUNDS; Kuwait joins global rate cut - Arab Times
KUWAIT/ABU DHABI, Oct 8, (Agencies): Kuwait slashed its key discount interest rate by 125 basis points on Wednesday while the United Arab Emirates cut by a more modest amount, tracking a round of emergency rate cuts by major central banks. Analysts ...

Viewer Stories: Living Paycheck To Paycheck - WSB-TV Atlanta
I have to take medication for a chronic illness that I have, and instead of taking them everyday, I now take them every other day because health care cost is so high and I have to make them last so I can have more money to buy gas and food! Kelly ...

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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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