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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
Clayton mortgage loan news:
Financial News
COMMON PLEAS - Salem News Online
Chase Home Finance v. Jeffrey C. Watson of East Liverpool; foreclosure sought. Countrywide Home Loans v. Daniel and Lori Earich of Salineville, etc; foreclosure sought. Bank of New York v. Terri L. Presto of Wellsville, etc; foreclosure sought. U.S ...

Georgia Housing Leaders Call on Congress to Help Main Street - Earthtimes
ATLANTA - (Business Wire) The Georgia housing industry called on Congress today to address the housing crisis that is at the root of the nation’s recession. Rick Porter, owner of Richport Properties, Inc.; Kenny King, president of Kingsland Corp ...

Credit crunch: the big picture - Toronto Star
All week, you've been hearing about subprime this, and asset-backed that, and commercial paper whatever. Here's the big picture: the stock market has been going strong for years. This pullback is a natural and expected result – some say it was ...

TheStar.com | Canada | Mother charged with killing 3 children - Toronto Star
SAGUENAY, Que.–Her voice was not weak, as might be expected, as it came through the speakerphone in the courtroom. On the line from her hospital bed, she coughed twice and simply said "yes," she could hear the judge well and, "yes," she understood ...

Sea Ray plant closing; 575 jobs being cut - Knoxville News Sentinel
Brunswick Corp. is closing its Riverview boat manufacturing plant in the Forks of the River Industrial Park in East Knox County the company said today. The plant will stop making Sea Ray boats in the first quarter with production moved to other ...

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