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News about Mortgages:
Pecanland Mall owners face financial trouble - News-StarCompany spokesman David Keating didn't return a call from The News-Star on Thursday and Pecanland Mall manager Randy Barnett couldn't comment, but one mall official said consumers wouldn't notice any difference even if GGP does declare bankruptcy ...
Alexandria Mall owner may file for bankruptcy - Alexandria Daily Town TalkGGP, a real estate investment trust headquartered in Chicago, is the nation's second largest mall owner. The company said in a regulatory filing this week that it faces solvency trouble and may seek bankruptcy if it can't refinance or extend nearly ...
Company that owns Pecanland Mall warns of bankruptcy - News-StarGeneral Growth Properties, which owns Pecanland Mall in Monroe, warned this week that it may need to file for bankruptcy. Company spokesman David Keating didn’t return a call from The News-Star today and Pecanland Mall manager Randy Barnett couldn ...
Va. Bollywood Investor Admits $33 Million Fraud - Washington PostHe was an icon in the local Indian community, a flashy movie producer who invested millions in Bollywood films and brought Indian musical acts to the Washington area. Vijay K. Taneja had an aura about him, a celebrity image that made people trust him ...
Maryann Haggerty and Elizabeth Razzi - Washington PostWelcome to Real Estate Live, an online discussion of the Washington area housing market with Post Real Estate editor Maryann Haggerty and columnist Elizabeth Razzi. Maryann has been with The Post for 18 years and has served as real estate editor for ...
JPMorgan will modify troubled WaMu home loans - Seattle TimesHomeowners having trouble paying a Washington Mutual mortgage are invited to a free foreclosure-prevention event from 9 a.m. to 6 p.m. Nov. 8. A WaMu loss-mitigation expert will meet with loan holders individually. A certified foreclosure-prevention ...
Michelle Singletary - Washington PostPersonal finance columnist Michelle Singletary hosted an online discussion with Gary Weiss , author of "Wall Street Versus America: A Muckraking Look at the Thieves, Fakers, and Charlatans Who Are Ripping You Off," on Thursday, Oct. 23 at Noon ET ...
For Obama, a Towering Economic To-Do List - The LedgerThe dismal state of the economy helped decide Tuesday’s presidential election. And it almost certainly will dominate the early days of the Obama administration. Illustration by The New York Times Few presidents have entered office with an economy ...
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 ...
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 ...
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