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Letter: Lenders must act to stop foreclosures - Eagle-TribuneSometimes it takes a little common sense to solve a problem. I believe a little common sense is what is needed to help solve the worst economic downturn that I have seen in my lifetime as well as the foreclosure nightmare that we are facing not only ...
Meltdown far from over, new mortgage crisis looms - Reading EagleWASHINGTON - The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in full ...
Constellation Rises as EDF Approach Defies Buffett (Update1) - BloombergDec. 3 (Bloomberg) -- Constellation Energy Group Inc. surged as Electricite de France SA , the world’s biggest reactor operator, offered to pay $4.5 billion for half of the U.S. utility’s nuclear business to gain generating capacity in North ...
Constellation Advances as EDF Nuclear Offer Challenges Buffett - BloombergDec. 3 (Bloomberg) -- Constellation Energy Group Inc. surged as Electricite de France SA , the world’s biggest operator of atomic reactors, offered to pay $4.5 billion for half of Constellation’s nuclear business to gain generating capacity in ...
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