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

Charlotte home equity loans news:

Wachovia cutting home-equity credit lines - Philadelphia Inquirer
In the middle of remodeling the kitchen of their Gloucester County house, Paul and Julianne Gablin received a letter from Wachovia Bank canceling the line of credit they were using to pay for the project. Luckily for them, the Gablins own a house in ...

Wachovia cuts 100 jobs in Birmingham - Birmingham Business Journal
As a part of Wachovia Corp. ’s plans to layoff thousands of workers across its footprint, the Charlotte-based company plans to slash 100 positions in the Birmingham-Hoover market. Wachovia announced to its employees Thursday that it will no longer ...

Wachovia to cut 100 area jobs in retail credit - Birmingham News
Wachovia Corp. is eliminating about 100 jobs in the Birmingham area, as the Charlotte-based banking giant ends the processing of consumer loans in its local operations. Wachovia delivered the news Thursday morning to employees in the retail credit ...

Mile High Letdown - Slate
Obama Speech React: 1) A little flat, and not just because of it's now-required State-of-the Union laundry-list passages; 2) Background off, color-wise; 3) Best graf by far: I love this country, and so do you, and so does John McCain. The men and ...

Plouffe Whistles Plus: Obama's failed fight-back - Slate
Effective day for Dems. 1) Bill Clinton outlined a simple, substantive framework for the election. As James Taranto noted, he built a stronger case for Obama than Hillary did--an inversion of how the two Clintons are said to actually feel about the ...

Form 4 Oracle: Boston, MA -- Form4Oracle: Insider Trading Report ... - TradingMarkets.com
- Lee Greg L, CEO: bought $120.00K increasing total holdings by 46% - Looper Tommy E, Director: bought $53.25K increasing total holdings by 83% - Long David E, President: bought $4.53K increasing total holdings by 2% - Thornton William L III ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article Wednesday about a proposed merger of Milwaukee County justice facilities incorrectly stated that the House of Correction is in County Supervisor Paul Cesarz's district. It is in Supervisor Mark Borkowski's district. An item in the Life ...

Homeless Families on the Rise, with No End in Sight - Common Dreams
AMHERST, Mass. - There is just enough space for Lisa Rivera's family to sleep at Jessie's House homeless shelter. In one room, she fits the full-sized bed she shares with her 9-year-old daughter, the trundle for her 11-year-old son, a twin bed for ...

Bank of America's Profit Slammed by Credit Losses - CNBC
Results included a $776 million one-off gain from credit card network Visa Inc's initial public offering last month. Excluding merger costs, profit was 26 cents per share, well below the average analyst forecast of 45 cents, according to Reuters ...

Bank of America Hit by Consumer Woes - Wall Street Journal
Bank of America Corp., hammered by ballooning losses on home-equity loans and other credit exposure, reported a 77% plunge in first-quarter profit and delivered a glum forecast for the rest of this year. Deteriorating credit quality in the quarter ...