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.

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Russell home equity loans news:

Anchor BanCorp seeks feds' permission to raise more capital - WKOW TV
Anchor BanCorp Wisconsin, parent company of AnchorBank, is seeking permission to sell up to $200 million in stock and other securities to raise capital to counter bad commercial loans and help finance its earlier purchase of a New Richmond bank. The ...

How the Credit Crunch is Hitting Home - US News and World Report
That's what most Americans have been wondering, as they digest warnings from Washington about the dire ramifications of a global credit crunch. Up till now, the credit freeze has mainly hit parts of the economy hidden from ordinary consumers: Short ...

Stocks mostly lower as GM declines; Techs rise - Associated Press
NEW YORK (AP) -- Stocks mostly declined Thursday, though with far less severity than in recent sessions, as weakness in the financial, energy and health care sectors overshadowed gains by technology issues. Trading remained volatile, with the major ...

Stocks tumble as Street worries about financials - Associated Press
NEW YORK (AP) -- Wall Street sank further Tuesday, extending its heavy losses as enthusiasm over Federal Reserve efforts to inject confidence into credit markets gave way to concerns about financial companies' balance sheets. Trading remained ...

The Dow plunges below 9,000 as stock markets continue to retreat - Buffalo News
Thomas Laughlin's face reflects another long day working the floor of the New York Stock Exchange today. NEW YORK -- The Dow Jones industrials have fallen below the 9,000 mark, hurt by a steep decline in shares of General Motors Corp. Late in the ...

Mortgage Foreclosures - The Ledger
Roig, Francisco, Marlenis Caballero, et al.; by Citimortgage, Inc. (08-0972) Romo, Zuleika, et ux., et al., Lot 217, Legacy Park Phase One; by Accredited Home Lenders, Inc., a California Corp.. (08-0434) Rosa, Anthony, et ux., et al., Lot 13, Block ...

Fear fall: Dow sinks 508 points - Minneapolis Star Tribune
Traders gather at a post on the New York Stock Exchange floor, Tuesday Oct. 7, 2008. Wall Street rose moderately early Tuesday, with investors getting some encouragement that the Federal Reserve's plan to buy massive amounts of corporate debt will ...

Credit crunch: A sickness in the heart of Britain - Guardian Unlimited
There may be no apparent connection between the wheeler-dealers of the City, clinging to their jobs through the white-knuckle ride of the credit crunch, and the legs of the ladies of Hertfordshire; but the momentous events of the past 12 months have ...

CFK childcare slapped with trading suspension - The Australian
ABC LEARNING Centres isn't the only company in the childcare space that is struggling with life in the playground. CFK Childcare Centres was slapped with a trading suspension yesterday after failing to release its full-year accounts. The wretched ...

Kingsport faring better than other areas during troubled economic ... - Kingsport Times-News
Downtown Kingsport continues to draw shoppers, browsers and visitors, as evidenced by this group of people Thursday. David Grace photo. KINGSPORT — Turn on CNN or Fox news these days and you’d think the world’s economic engine has ground to a ...