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

Pope mortgage loan news:

CBO: Budget deficits likely to mount - The Washington Times
It is worth noting that none of these figures includes a dime of costs that the taxpayer might be forced to bear after the government's recent takeover of mortgage-financing giants Fannie Mae and the Federal Home Loan Mortgage Corp. (Freddie Mac) and ...

Darling to face grilling in House of Commons over Northern Rock loans - Independent
Share UK Chancellor Alistair Darling faces being hauled before the House of Commons tomorrow to face questions about the situation at crisis-hit Northern Rock . The move comes amid continued uncertainty about the future of Northern Rock and its loan ...

November 2008 - Weekly Standard
Out on the tour circuit for his new book, "How Mitt Romney, the Fake Conservative, Almost Bought the Republican Primary With His Big CEO Money" "Do the Right Thing," Mike Huckabee took a break from bashing former rival Mitt Romney to take a few ...

Towards an economy worth believing in - Ekklesia
A paper summarising some recent interventions from faith bodies on the debate about economy, globally and locally. It also highlights the historic links between Christian thought/action and oikonomia (the management of the household), some different ...

Matter of Record, November 17 - Wichita Falls Times Record News
Jo Nash vs. Kelly Wilson, 2131 Ave. F, $200,000.00, V3305 P885. Gary Writtenhouse vs. Jeff Prine, 1511 Nunneley Pl., #5, $1,248.37, V3306 P576. Workman, Tammy Michele, Wichita County, Chapter 7, Date Filed Oct. 29, Case No. 08-70448. Frazier, Phillip ...

2008 (2665) - Dakota Voice
► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...

Wachovia Names David Pope President for Mortgage and Retail Credit ... - PR Newswire
CHARLOTTE, N.C., Jan. 24 /PRNewswire-FirstCall/ -- Wachovia Corporation announced today that David Pope has been named president of Wachovia Mortgage and Retail Credit. In his new role, Pope will be responsible for leading the daily sales ...

Stocks Video Gallery - CNBC
The credit crisis still has "a long way to run," but there are signs of improvement, Mike Thompson from Standard & Poors... Climate Change Battle on Ho... As companies struggle with challenging economic conditions, Gavin Ingham Brooke from SPADA ...

Frank Using Clout to Curb Private Equity, Hedge Funds (Update1) - Bloomberg
Oct. 22 (Bloomberg) -- U.S. Representative Barney Frank is walking through Statuary Hall in the Capitol, a portrait of rumples and wrinkles. His left shirttail hangs out over his belt. Reporters and photographers are hounding him. Cameras are ...

Cheney Predicts Iraq Success By January 2009 - US News and World Report
Vice President Cheney yesterday predicted that Iraqis will have become "self-governing" and "capable for the most part of defending themselves, a democracy in the heart of the Middle East" by January 2009. That standard has often been used by Cheney ...