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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.
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The latest
Mortgage News:
Ways to tap home equity without taking on mortgage debt - Seattle TimesImprobable as it sounds at a time when American homeowners have lost billions in equity holdings, a new industry is taking shape to help them tap portions of their equity wealth without incurring traditional mortgage debt or making interest payments ...
A new way to tap into home equity - Minneapolis Star TribuneImprobable as it sounds at a time when U.S. homeowners have lost billions in equity holdings, a new industry is taking shape to help them tap portions of their equity wealth without incurring traditional mortgage debt or making interest payments ...
Loan programs tap home equity, minus traditional interest payment - Arlington Heights Daily HeraldEditor's note: This is the first column in a two-part series that will conclude next Sunday in Homes Plus. WASHINGTON - Improbable as it sounds at a time when American homeowners have lost billions in equity holdings, a new industry is taking shape ...
Topic: GM Benefit Changes - Hartford CourantAll Julianne Sundin wanted was her Full Monty. She couldn't even get half. Sundin, who retired this spring after teaching 28 years in Lake Zurich, was celebrated at a retirement party in May. At the party, her daughters gave her a card with a ...
Latest News - dBusinessNews.comTicketNetwork Makes Europe Affordable VERNON - TicketNetwork.com, the leading source for the secondary ticket ... A Whole New Kind of Party - for Brands NEW HAVEN, Conn. (August 29, 2008)- Sure you’ve heard of ... As September 10th Deadline ...
S. Florida mom, daughter convicted of slavery - Orlando SentinelAs more people watch their home equity erode, put off retirement because their nest eggs are taking a dive, and bike or bus to work to save gas money, many are thanking their lucky stars that they still have a job to commute to. Unstable times breed
Lenders that Have Closed Shop, - Wall Street JournalMore than 80 mostly subprime mortgage lenders -- those that make home loans to the riskiest borrowers with questionable credit -- have closed shop since the end of last year as clients defaulted on payments and banks cut off the funding required to ...
Balancing Act: Credit & Debt - CNBCA senior staffer for the Federal Reserve said the Fed is not seeing signs that problems in the subprime mortgage market are spreading to other other market segments. "At this time, we are not observing spillover effects from the problems in the ...
Wachovia Names David Pope President for Mortgage and Retail Credit ... - PR NewswireCHARLOTTE, 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 ...
Webster Announces Preliminary Fourth Quarter 2007 Earnings Information ... - PR NewswireWATERBURY, Conn., Jan. 8 /PRNewswire-FirstCall/ -- Webster Financial Corporation (NYSE: WBS) announced today preliminary information regarding fourth quarter 2007 earnings results and also announced plans for its fourth quarter earnings release and ...
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