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Editor's Mailbag (Oct. 7) - Albany Democrat-HeraldWhen I loan money to a friend, I expect it to be paid back. When a bank makes a loan to someone to purchase a house or car, it needs repayment of the loan if the lender is to remain in business. Liberal lawmakers in government since 1992 have ...
Enough of change - Albany Democrat-HeraldBy the time this presidential campaign is over, you can be sure of only one thing: You and everybody else will be sick of one word: “Change.” Obama started this. And McCain has picked it up. Now they’re both for change. Enough already ...
Street Scenes from a Lehman Bailout: Executives Gather at NY Fed - Wall Street JournalAaron Lucchetti, David Enrich and Susanne Craig send these dispatches from the New York sites of Lehman’s last hours. At the New York Fed’s fortress-like stone and iron headquarters in lower Manhattan, Wall Street executives rolled up their ...

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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.
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