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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
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Big role for church credit unions sought - Boston GlobeYou'd think a man of the cloth would make an ideal candidate for a bank loan. Yet two decades ago, when the Rev. Garvin Warden wanted to borrow a few grand to pay off his credit card debt, the bank turned him down. That's when the Methodist minister ...
KeyCorp Swoons on Loan Losses Outside Its Market (Update1) - BloombergJuly 18 (Bloomberg) -- Three months ago, analysts were speculating KeyCorp would help rescue National City Corp. after its bigger Cleveland-based neighbor set aside $1.4 billion to cover bad loans and reported a $171 million first-quarter loss. Since ...
KeyCorp Swoons as Losses Climb From Lending Outside Home Market - BloombergJuly 18 (Bloomberg) -- Three months ago, analysts were speculating KeyCorp would help rescue National City Corp. after its bigger Cleveland-based neighbor set aside $1.4 billion to cover bad loans and reported a $171 million first-quarter loss. Since ...
Steven Pearlstein - Washington PostWashington Post columnist Steven Pearlstein was online Friday, July 18 at 11:00 a.m. ET to discuss oil prices, the Fannie and Freddie rescue and the unfolding financial crisis. About Pearlstein: Steven Pearlstein writes about business and the economy ...
The Colorado Model - Weekly StandardThe passion and interest shown by blocs of voters are important because they affect who will be motivated to vote. For now, the numbers favor Obama: 38 percent of his supporters say the election is exciting compared to 9 percent of McCain's. Sixty ...
July 2008 - Weekly StandardThe New York Times reports that Barack Obama has "a huge 300-person foreign policy campaign bureaucracy, organized like a mini State Department, to assist a candidate whose limited national security experience remains a concern to many voters ...
Capitol Watch Blog - Hartford CourantRalph Nader called on radio host Rush Limbaugh on Thursday to make voluntary payments for his use of the public airwaves, saying that Limbaugh is an example of corporate welfare. In a letter sent to Limbaugh's office in New York City, Nader said that ...
Corrections and clarifications - Milwaukee Journal SentinelAn article Friday about the sentencing of Charlie Tate, a 17-year-old who pleaded guilty to accidentally shooting and killing Iaman Moore, 16, misidentified one of the people who spoke at the sentencing hearing. Her name is Sherry Hoover, not Sherry ...
September 2007 - Weekly StandardLast week we heard from Scott Beauchamp's commanding officer, Col. Ricky Gibbs. Gibbs said that Beauchamp had admitted to the investigating officer that his stories for the New Republic were false--or, as he put it later in the briefing, that, while ...
April 2008 - Weekly StandardNearly half of Democrats (48 percent) think Hillary Clinton has a better chance of beating John McCain in November — 10 percentage points higher than the 38 percent who think Barack Obama can win, according to a FOX News poll released Wednesday ...
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