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News about Mortgages:
Hedge fund buys $9.3 million stake in General Growth - Las Vegas Review JournalA New York-based hedge fund bought an interest in up to 20 percent of mall giant General Growth Properties Inc. -- a company that had a market capitalization of nearly $9 billion as recently as February -- for just $9.3 million in cash. Pershing ...
FBI Warns of Possible Terror Plot Against New York City Subway During ... - FOX NewsFederal authorities are warning of a possible Al Qaeda-orchestrated terror plot against New York City subway and other transit systems during the holidays, FOX News has confirmed. The potential threat — described in an internal FBI memo as ...
Minorities in loan crush: Hopeful home owners hit hard by credit ... - New York Daily NewsBronx homeowners and homebuyers are having more trouble obtaining credit than their counterparts in any other borough, with black and Hispanic buyers suffering the worst, according to a new report. The Bronx saw the largest drop in the number of home ...
'NO-BAILOUT' BLUES - New York PostA federal plan to bail out homeowners struggling to make subprime mortgage payments is anything but a freeze-for-all: While it saves some New Yorkers from deepening debt, their next-door neighbors are left to drown. In Jamaica, Queens, Evelyne ...
PEACOCK PARTY - New York PostTHE Peacock network is looking for space so it can expand its wings. Our media spies say NBC is seeking 300,000 feet of "incremental" space to add to its current office digs, which include its headquarters at 30 Rockefeller Plaza. You might recall ...
McCain gives up on his mortgage plan - SalonAbout two weeks ago, John McCain, in a high-profile speech, unveiled his response to the mortgage crisis. Despite the seriousness of the challenge, the GOP presidential nominee unveiled a classic YOYO policy: "You're on your own." As the New York ...
Big Greed On Small Street - BusinessWeekIn the tsunami of news regarding the economic crisis and government bailout, the narrative that has formed largely follows the line of a greedy Wall Street swindling the victims of Main Street. So, it was with great interest that I read a brief ...
Foreclosure mediation, relief for the 'little guy' - Minneapolis Star TribuneDoesn't your assertion that "no one can force a bank to make a loan" apply to the borrower as well. No one forces a borrower to accept the … read more mortgage terms. It's a 100% the banker correct, and the borrower bears no responsibility? By your ...
A Hanging Offense - Wall Street JournalYesterday we noted a story about liberals, prompted by the election of Barack Obama, making sudden shows of patriotism after shunning such displays for the past eight years. We wondered if the same thing had happened on the other side--that is, if ...
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