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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 ...
CapeCodToday Blog Chowder - Cape Cod Today"If others were involved with the accused, let them charge them and join him in prison whatever the cost." It's very obvious others were involved. They found three sets of DNA under her fingernails, and DNA on her shoe that matched no one they tested ...
Homebuilders, broker indicted for not developing Upper Marlboro lots - GazettePrince George's County State's Attorney Glenn F. Ivey announces Thursday the indictments of Leon and Emma Coleman of District Heights and Kathy Ridley of Ellicott City in the theft of more than $1 million as part of a fraudulent housing development ...
Sunday: Highlights from today's Birmingham News - Everything Alabama BlogJefferson County Commission and Gov. Bob Riley are hoping the $700 billion bailout could help the county refinance $2.7 billion of its sewer debt on more affordable terms, avoiding bankruptcy. Both presidential candidates pledge strong support of ...
News & Features Navigation - Minnesota Public RadioPhoto: #U.S. Sen. Amy Klobuchar, DFL-Minn., supports a bipartisan bill in Congress to help address the foreclosure crisis. She appeared at a foreclosure forum in Hopkins Monday. Photo: #The executive director of the Minnesota Home Ownership Center ...
Investors 'stuck' high and dry in WexTrust fraud case - HamptonRoads.comWhen the dividend check he expected in April didn't arrive, Tim Moore made repeated phone calls to WexTrust Capital's offices in Norfolk and Chicago. The check eventually came, but it bounced. When Moore asked WexTrust to return his $140,000 ...
Mall owner could seek bankruptcy - GoDanRiver.comCity officials are keeping a close eye on General Growth Properties Inc.’s stock collapse because the Chicago-based company owns Piedmont Mall. General Growth, the second-largest U.S. shopping mall owner, had its worst trading day ever Tuesday ...
Election 2008: Barack Obama in the news - NewsdayGeorgia residents packed polling places as early voting began in earnest this week, waiting as long as eight hours in line to cast ballots and forcing some voting sites to stay open deep into the night. Polls have been open in Georgia since Sept. 22 ...
G.O.P. Opens Wallet for Ads - New York Times BlogsFlush with cash, the Republican National Committee is beginning to open its wallet to broadcast new advertisements against Senator Barack Obama. In a single day, the committee paid for a $5 million advertising purchase by OnMessage, a media firm in ...
HBOS takeover: Still time to save 'The Bank' - ScotsmanTHE Scotsman is today demanding answers about the HBOS takeover in a bid to secure the best deal for the nation and prevent the untimely and unnecessary death of one of our most venerable institutions. The newspaper is adamant that Scotland should ...
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