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News about Mortgages:
Should you refinance? - Fayetteville ObserverJaniece Brewer hasn’t been asked to crunch so many numbers since the housing boom of 2005. But instead of working with potential new homeowners, the inquiries at her mortgage loan company have been about refinancing as interest rates sink to record ...
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 ...
Citigroup reaches agreement with key senators on mortgage bankruptcy ... - Minneapolis Star TribuneSo, I didn't refinance to buy a boat, new car, cabin or other things and I didn't buy a home with zero down that I couldn't afford. So my … read more reward is to help bailout those others who did just that. Stupid me huh? Is it too late to ...
Tough times - Sun-JournalHow bad is it getting? The numbers don't look good in Maine. But there's hope in staying flexible, leaning on support services and spending smart. At one point last week, Community Concepts workers frantically scrambled to answer the agency's phones ...
US CREDIT-AbitibiBowater faces major debt challenges in '09 - ReutersNEW YORK, Jan 7 (Reuters) - AbitibiBowater Inc ( ABH.N ) is starting the new year with some challenges as the company faces a March 31 deadline to refinance a $347 million loan at a subsidiary that it does not currently have enough cash to repay. If ...
Tough year ahead for commercial real estate - Frederick News-PostNEW 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 ...
Debt trouble at Lee triggers auditor’s warning - Lincoln Journal StarNEW YORK — Lee Enterprises Inc., publisher of the St. Louis Post-Dispatch, the Lincoln Journal Star and other newspapers, said in a regulatory filing that it will have trouble paying its debt over the next two years because of severe reductions in ...
Cleveland-area hospitals proceed with expansion plans despite economy - Cleveland Plain Dealer BlogPlain Dealer File Several major hospital expansions in Greater Cleveland are moving forward despite an economic crisis that has stalled medical projects nationwide. The new year brings more gloomy forecasts but also fresh hope. Through Jan. 4, The ...
Rescue me!: Foreclosures sweep through housing markets - TradingMarkets.comThere are some last-minute things you can do to save your home, said Nicole Caldwell, the vice president of professional services at Consumer Credit Counseling Service. "It's never too early to get help. Don't be afraid of talking to the mortgage ...
Australian Market Report of January 5: Cautious to Bad News Ahead - ABN NewswireSydney, Jan 5, 2009 (ABN Newswire) - Last Friday Wall Street closed 3% higher on hope of a fiscal stimulus plan by US Obama government. As investors have grown more optimistic that the worst might be over, the US market remained strong in recent ...
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