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Today's Mortgage Terms starting with O

Origination Fee:

Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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Financial News
Ways to whittle down your debt - NorthJersey.com
When it comes to New Year's resolutions, Kathy Johnson of Sacramento, Calif., has two simple money-savers in mind: "to get out of debt and pay off all my credit cards." Johnson, a single mother, said her debts have accelerated due to health issues ...

Loan terms for GMAC include concessions - WJRT
SAGINAW (WJRT) -- (01/02/09) -- GMAC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors financing incentives, as part of the complex deal that gave the troubled lender billions in ...

Counselor: Many factors can contribute to foreclosure - Johnson City Press
In her role as a foreclosure prevention counselor, Debbie Perry feels a bit like a soldier battling guerrilla forces: she’s never quite sure at first who the enemy is. Sometimes it’s legitimate hits to family income, such as job loss or medical ...

Churches aren’t immune to the mortgage squeeze - Providence Journal
Bevan Unrau, senior pastor at Seabreeze Church, in Huntington Beach, Calif. The church bought its building in 2003 with a $5-million loan and is struggling to pay its mortgage, as weekly expenses outpace giving. NYT / J. Emilio Flores After years of ...

Programs helped Tri-Cities keep low foreclosure rate - Johnson City Press
So where did it all go wrong in the affordable housing world, and how has the Tri-Cities managed to avoid the fate of so many communities battered by foreclosures and dropping values? Johnson City’s community development director, Steve Baldwin ...

Housing market stimulus - Odessa American Online
Odessa property manager Carol Johnson and Realtor Steve Oliver have watched the ebbs and flows of the housing market in Odessa for 25 years - there's never a dull moment. Rental properties and hotels have been pushing 100 percent occupancy for the ...

No comments posted. - Globe Gazette
Tina and Lance Johnson stand in front of their flood-damaged house at 724 N. Maryland Ave. in Mason City. They are unable to live in the house. (Jeff Heinz/The Globe Gazette) MASON CITY — It has been almost seven months since Lance and Tina Johnson ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Semiconductor giant Intel Corp.’s latest warning, its second this quarter, signals the severity of the economic woes world-wide. “If you ...

More Americans live within their means - Galveston County Daily News
By choice or by force, more U.S. consumers are doing something that seems almost un-American — embracing frugality and living within their means. Maybe it’s a backlash to the excesses, the fast-and-loose mortgage lending and unabashed greed that ...

Is now the time to refinance? - ABC Action News
The holidays are likely to be a little more cheery at Kevin Coughlin's home. Coughlin refinanced the adjustable-rate mortgage on his Shorewood, Minn., house this week into a 30-year fixed-rate mortgage that's going to save him $200 a month. "It takes ...

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