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Columbia Bank is an Approved FHA Mortgage Lender - Biloxi Sun Herald
FAIR LAWN, N.J., Nov. 21 /PRNewswire/ -- Columbia Bank today announced that it has begun accepting applications for Federal Housing Administration (FHA) Residential Mortgage Loans within New Jersey. As an approved FHA lender, Columbia Bank has been ...

Conference puts focus on foreclosure amid calls for feds to refinance ... - Maryland Daily Record
In the last three months, the meltdown of Wall Street institutions and Congress’ $700 billion bank bailout package have knocked the subprime mortgage and foreclosure crisis off the front pages of newspapers nationwide. On Wednesday in Baltimore ...

Mid-Columbia construction slowing, remodels picking up - Tri-City Herald
When new housing starts to slow down, home remodels tend to pick up. It's a trend that David Barber, owner of Barber Construction in Walla Walla, is observing in this time of economic uncertainty, tighter lending standards and a softening housing ...

Howard planners give conditional OK to GGP proposal for Columbia - TradingMarkets.com
In a 76-page report, the county's Department of Planning and Zoning praises developer General Growth Properties' ideas as "interesting and innovative." At the same time, the department asks that the company meet certain requirements, such as for ...

General Growth Properties retains Sidley Austin LLP in ‘advisory ... - Baltimore Business Journal
Baltimore’s biggest mall owner has hired one of the country’s largest law firms as it considers filing for bankruptcy protection. Chicago’s General Growth Properties Inc. (NYSE: GGP) said in a statement that it has hired international law firm ...

Intrawest announces layoffs but no specifics - Rocky Mountain News
Canadian resort operator Intrawest announced job cuts but declined to be specific about how the layoffs would affect its employees at three Colorado ski resorts. The Vancouver, British Columbia-based company issued this statement this afternoon ...

Bumpy start to ski season as layoffs hit Colorado resorts - Rocky Mountain News
Blaming a tough economic climate, resort operator Intrawest Corp. announced companywide job cuts that affect managers and other employees at some of its Colorado ski areas. The layoffs come as winter resorts across the state brace for one of their ...

Teck cuts dividend, sells assets to pay down debt - Saskatoon Star Phoenix
TORONTO (Reuters) - Teck Cominco will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt generated by its acquisition of Fording Canadian Coal Trust, the ...

GAP bridges home crises - Nashville Tennessean
In March 2006, Teresa Burns glimpsed at a murky future. While attending a U.S. Department of Housing and Urban Development event, Burns learned that Tennessee had been identified as a high-risk state for real estate foreclosures. "They showed this ...

UPDATE 4-Teck cuts dividend, sells assets to pay down debt - Reuters
TORONTO, Nov 20 (Reuters) - Teck Cominco (TCKb.TO: Quote , Profile , Research , Stock Buzz ) will slash spending, sell assets, withdraw from the Petaquilla copper project in Panama and suspend dividend payments under a sweeping plan to cut debt ...

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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.

    View all Terms
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