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PAETEC sees rise in revenue, stock price - Democrat and Chronicle
Wall Street, which has been downbeat in its assessment of PAETEC Holding Corp.'s prospects, seems a little more optimistic. The telecommunications company's shares jumped Thursday, closing above $1 for the first time since Oct. 27, as investors ...

Affordable Mortgages? Tell That to the Banks - Wall Street Journal
Paulson, seemingly launching Operation Protect Legacy to take the sting out of Congress’s brutal treatment of his deputy, Neel Kashkari , has offered a parting piece of wisdom to his successors. They should renegotiate mortgages and stem home ...

Milwaukee reps get Joint Finance Committee posts - Milwaukee Journal Sentinel
Nov. 13, 2008 5:37 p.m. | Madison - Two Milwaukee Democrats were named Thursday to the Legislature's powerful Joint Finance Committee - giving the state's largest city a consolation prize a day after Milwaukee was shut out of top leadership jobs in ...

Freddie Mac - Chicago Tribune
At least one high-ranking Republican official was more than peeved that two nights before an election that threatens to blow up the GOP's last bastion of state power -- the Senate majority --Sen. Alfonse D'Amato was raising big bucks for..... Robert ...

Lots of homes 'underwater' on mortgages in U.S. - BusinessWeek
First American CoreLogic, a data supplier, says that in the July-September period, 18% of all properties with a mortgage were underwater—that is, worth less than the outstanding debt. The company’s data includes over 80% of all mortgages. Here ...

Exelon's $6.2 billion bid for NRG would create largest power utility ... - International Herald Tribune
WASHINGTON : Exelon's unsolicited bid to buy NRG Energy, a power generator based in Princeton, New Jersey, would create the largest power company in the country, in terms of assets, market capitalization and generation capacity, and would benefit ...

Existing-home sales in the U.S. rise 5.5% - Los Angeles Times
Reporting from Washington -- Sales of existing homes in the U.S. rose in September as buyers in some of the hardest-hit real estate markets snapped up foreclosures at bargain prices, an industry trade group reported Friday. Sales of single-family ...

Low Prices on Foreclosures Lift Sales of Existing Homes - Washington Post
Sales of single family houses, townhouses, condos and cooperatives rose 5.5 percent in September from August and were up 1.4 percent from a year ago. The increase mildly exceeded the expectations of analysts. (By David Zalubowski -- Associated Press ...

NRG Energy rejects Exelon's $6.1B buyout offer as too low - Dallas Morning News
NRG Energy Inc., a power generator based in Princeton, N.J., said Sunday it had rejected an unsolicited takeover bid by Exelon Corp., saying that the offer "manifestly undervalues" the company. The rejection forestalls, at least for now, the creation ...

NRG Energy rejects Exelon takeover bid - International Herald Tribune
NEW YORK : The creation of what would be the largest power company in the United States is on hold - at least for now. NRG Energy, a power generator based in Princeton, New Jersey, said Sunday that it had rejected an unsolicited takeover bid by ...

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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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