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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. View all Terms

Worth mortgage loans news:

Global car sales slide shows auto crisis worsening - International Herald Tribune
The global automotive industry faced a fresh wave of bad news on Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and Italy due out later in the day. Automakers are cutting ...

Some Atlantic City casinos struggle to pay loans - Forbes
As millions of Americans are having problems paying their mortgages, so too are some Atlantic City casinos. It's the latest proof that Atlantic City's casinos, once thought to be recession-proof, are subject to the same financial pressures affecting ...

Meltdown far from over, new mortgage crisis looms - Kane County Chronicle
WASHINGTON — The full scope of the housing meltdown isn’t clear and already there are ominous signs of a new crisis — one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in ...

Next target for fear mongers: Credit cards - Bloggingstocks.com
Banking analyst Meredith Whitney is credited with questioning assets on bank balance sheets given the collapse in the real estate market. Taking advantage of a complete lack of information, Ms. Whitney triggered a massive collapse of trust in an ...

Water rate increase looms - Star-Banner
OCALA - Some implications of the paralysis of the nation's credit markets are familiar: students unable to obtain loans to attend college; business owners worried about making payroll; car buyers denied money for new cars; taxpayers on the hook for ...

Freddie Mac plunges into mortgage-backed securities market - Los Angeles Times
Freddie Mac increased its support for the nation's ailing home loan market in October, in part playing the role the government had in mind when it seized the mortgage loan giant. The company and its bigger sibling, Fannie Mae, are vital cogs in the ...

FHA-BACKED LOANS - Der Spiegel
The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them ...

China Construction Bank issues new mortgage rules - CNBC
BEIJING (XFN-ASIA) - China Construction Bank Corporation (CCB) (SHA 601939; HK 0939) said it issued detailed new mortgage rules for individual property buyers, the first commercial bank to officially revise its policy after the central bank amended ...

Malls are next to face foreclosure - Herald Tribune
WASHINGTON - The full scope of the housing meltdown is not clear, and already there are ominous signs of a new crisis -- one that could turn out the lights on malls, hotels and storefronts nationwide. Even as the holiday shopping season begins in ...

Paulson Says Treasury Actively Mulling New Rescue Programs - Wall Street Journal
WASHINGTON -- Treasury Secretary Henry Paulson Monday reiterated that his department is still aggressively examining new ways to stabilize financial markets, stem foreclosures, and boost the economy. But the outgoing official also made clear that he ...