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No raise for Lackawanna County managers - Scranton TimesManagers in Lackawanna County government will not get the raises originally allocated for them in the 2009 tentative budget. “There will be no cost-of-living increase for management,” Commissioner Mike Washo said. “These are very serious times ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
Mortgage aid idea falling short - Scranton TimesWASHINGTON — The government expects only 20,000 troubled borrowers will be able to refinance into more affordable home loans by next fall under a new mortgage aid program passed by lawmakers over the summer. The $300 billion “Hope for Homeowners ...
Luzerne commissioners spar over budget crisis - Scranton TimesWILKES-BARRE — After voting against ordinances adopted Tuesday to borrow $5.3 million and refinance debt, Luzerne County Commissioner Greg Skrepenak accused Commissioner Chairwoman Maryanne Petrilla of committing perjury when testifying about the ...
Empty homes show lives torn apart - Pittsburgh Tribune ReviewThe family photos can get to Bob Watkins. "It's kind of sad. People's lives just sort of go away," said the Jeannette man who cleans out homes after their owners lose them to foreclosure. Long after the neighbors have forgotten who lived there, the ...
'Muzzled' Biden's Halloween Present: A Press Avail - ABC News BlogsABC News' Matthew Jaffe reports: Earlier this week, Republicans claimed that Sen. Joe Biden, D-Del., had been “muzzled” by the Democratic campaign, noting that he had not held a full-fledged press availability with traveling reporters since a ...
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