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Mortgage Rates Fall Again - WNEP-TV 16After a tumultuous year for homeowners and lenders, things are finally looking up. This week mortgage giant Freddie Mac reported the average fixed mortgage rate is now 5.1 percent, dropping for the ninth week in a row. Lenders around here are all ...
Commercial real estate plagued by empty storefronts - Inside Bay AreaNEW YORK — The balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time of ...
Commercial real estate faces tough year as vacancies rise - Buffalo NewsNEW YORK — The balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time of ...
OCEANSIDE: Attorneys disagree on whether Tri-City board broke law - North County TimesOCEANSIDE ---- Lawyers disagreed Tuesday on whether Tri-City Medical Center's board should have given the hospital's top executives notice and a chance to hear the issues before placing them on paid leave last month. An attorney for eight sidelined ...
Commercial real estate in for tough 2009 - WTOP RadioNEW YORK (AP) - The balance of power between landlords and tenants will shift dramatically in 2009. For landlords, this promises to be a year of intense competition, more bankrupt tenants, and tightfisted lenders. For renters, it looks like a time of ...
How bad is economy? IRS feels sorry for you - MSNBCJan. 6: Alcoa is slashing its global workforce and Toyota plans to suspend production at its Japanese plants for 11 days. NBC's Brian Williams reports. WASHINGTON - As the nation sinks deeper into recession, the IRS is offering to waive late ...
Chesapeake Corp. files for bankruptcy protection - Chicago Sun-TimesRICHMOND, Va. -- Specialty packaging company Chesapeake Corp. has filed for Chapter 11 bankruptcy protection and plans to sell itself to a group of investors for about $485 million. The company's stock, which is traded over-the-counter, closed at 6 ...
Business News Stories - Atlanta Journal ConstitutionWashington —- A federal commission is urging a 50 percent increase in gasoline and diesel fuel taxes ito finance highway construction and repair until the government devises another way for motorists to pay for using public roads... Bank deals ...
CapeCodToday Blog Chowder - Cape Cod TodayWelcome to CapeCodToday's Blog Chowder! This page aggregates the most recent postings from all the CapeCodToday bloggers for your convenience. Bookmark this page or see below left for RSS options. I remember the OJ trial. There was a lot of evidence ...
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