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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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Newton home equity loans news:
Financial News
Fed’s Rosengren Calls for ‘Concerted Policy Actions’ (Update1) - Bloomberg
Jan. 8 (Bloomberg) -- The U.S. government needs to pursue “concerted” fiscal and monetary policies to revive mortgage finance, Federal Reserve Bank of Boston President Eric Rosengren said. “We have seen improvements of late in the functioning ...

Coop's Corner - CNET News
Sony boss Sir Howard Stringer has to be one of the most charming executives in all of techdom. But as Arthur Miller taught us, a smile and a shoeshine go only so far. Remember this quote ?: "You can take iPod and beat us over the head with it, but it ...

Marijuana decriminalization law goes into effect - Boston Globe
It's no longer a crime to have one ounce or less of pot. The state's new marijuana decriminalization law, approved by voters in a November referendum, goes into effect today. Those who are caught with an ounce or less would get a ticket similar to a ...

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