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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
Kent mortgage loans news:
Financial News
Loan servicer Ocwen buys Texas bank - South Florida Business Journal
Kent County State Bank’s headquarters includes a building, left, that dates back to 1912. As the only bank in Kent County, Texas, which has 735 residents in 902 square miles, Kent County State Bank would not seem like a prized acquisition target ...

Washington Bureau - Dallas Business Journal
Foreclosures continue to outpace efforts to modify mortgages, prompting calls for the federal government to provide more robust relief to struggling homeowners. In October, foreclosure filings were reported on nearly 280,000 properties in the U.S., a ...

Feds hope to unfreeze SBA, consumer lending - Portland Business Journal
The Federal Reserve Board announced plans Tuesday to create a $200 billion lending facility aimed at unfreezing secondary markets for Small Business Administration loans and consumer loans. Under the program, loans will be made to holders of asset ...

Countrywide's Client Senator Dodd Nowhere to Be Found - News Busters
The Washington Post managed to write an entire article about Countrywide's regulators at the Office of Thrift Supervision without once mentioning the name of Sen. Christopher Dodd.  The Connecticut senator claimed he received his sweetheart mortgage ...

Waco area officials sound off on latest economic bailout effort - Waco Tribune-Herald
A Baylor University economist said Tuesday that the proposed $800 billion stimulus package unveiled by the Federal Reserve and the Treasury Department hits the target in one area: consumer spending. The Fed said it would provide up to $200 billion to ...

Rich were done no favors with Bush tax cuts - Bismarck Tribune
George Bush and his Republican buddies brought the worst tax ever imposed on the rich to us. The rich would have been far better off today if Bush had not pushed tax cuts for them for the past eight years. The current economic collapse, which has cut ...

$20.6 Million in Low Income Housing Tax Credits Will Create Jobs, Help ... - MSN MoneyCentral
LANSING, Mich. , Nov. 25 /PRNewswire-USNewswire/ -- Governor Jennifer M. Granholm today announced that over 2,100 units of affordable rental housing will be built or renovated for low to moderate-income Michigan families, the elderly, people with ...

Bank chief hints at more interest rate cuts - Times Online
Mervyn King, Governor of the Bank of England, said today that the lack of lending by banks to consumers and businesses was the most pressing issue facing the economy and hinted that interest rates would need to be cut further. Mr King told the cross ...

Brown’s ‘Churchill’ Moment Masks Failure of Regulator He Built - Bloomberg
Nov. 26 (Bloomberg) -- Gordon Brown isn’t known for making quick decisions. He agonized for months over whether to call early elections after becoming U.K. prime minister in June 2007, before deciding against it. When financial and commodity ...

Continuous news, views, and abuse by the Reason staff - Reason.com
Jose Antonio Vargas gives a full, flattering hearing to Republican consultants Patrick Ruffini and Mindy Finn, midwives of a new web site designed to let conservatives share their ideas for Republican recovery. Ruffini, 30, is a veteran online ...

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