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Mortgage Video Gallery - CNBCOne possible silver lining of the housing crisis is a big drop for mortgage rates. Dan Gilbert, chairman of Quicken Loan... UK Banks Feel Repossession ... UK banks are being lenient on mortgage defaults because repossessions cost the banks an ...
Fiery Crash in Colorado Kills at Least 7 - FOX NewsTrooper Gilbert Mares says a Chevrolet Suburban plunged off the median on an overpass early Thursday, crashed into the embankment on the other side and burst into flames. Mares says there were at least seven people in the vehicle, and there are no ...
Could Hedge Funds Be Emerging As The New Mortgage Middleman? - StreetInsider.comMortgage brokers receive most of their business through referrals. These referral sources include lawyers, builders, friends and realtors. Most often realtors refer business to mortgage brokers as clients who are buying a home often require ...
Fortress and Quicken Loans Announce a Joint Venture to Implement - MSN MoneyCentralNEW YORK and LIVONIA, Mich. , Oct. 30 /PRNewswire-FirstCall/ -- Fortress Investment Group LLC FIG and Quicken Loans Inc. today announced they have entered into an exclusive joint venture. The partnership will align Fortress, an established investor ...
Alex Salmond's HBOS claims disputed by Chancellor and business leaders - Daily TelegraphAlistair Darling ridiculed Mr Salmond's insistence that the bank was in rude financial health until 'spivs and speculators' plotted to bring it down at the beginning of last week, precipitating its takeover by Lloyds TSB. The First Minister's claim ...
Key 2010 Olympic company makes refinancing deal - Boston GlobeVANCOUVER, British Columbia— Intrawest ULC, the company that will run the ski hills for the Vancouver 2010 Winter Olympic Games, has completed a $1.7 billion refinancing deal, ending weeks of speculation about the company's financial well-being ...
NIBC considers using Dutch bank guarantee plan - ReutersAMSTERDAM, Nov 14 (Reuters) - Dutch merchant bank NIBC is considering making use of an interbank loan guarantee plan from the Dutch government, which could make it the first Dutch financial to do so, NIBC's Chief Executive said on Friday. "We're ...
There's a pall over the malls - Chicago Sun-TimesGeneral Growth Properties (GGP), the Chicago-based company that's the nation's second-largest owner of shopping malls, is almost literally worth nothing. It's debt totals $24 billion, much of it loaded onto the balance sheet with its 2004 purchase of ...
Pulse of the economy: The new frugality - AZCentral.comThis time, it's hitting all of us. On Nov. 21, 10 Republic reporters and four photographers fanned out across the Valley to take the pulse of the Arizona economy. They asked everyday people, many of them solidly middle-class, how they were coping. It ...
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