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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
Frederick mortgage quotes news:
Financial News
Fitch Believes Future Impairments May Overshadow New Fair Value ... - Earthtimes
NEW YORK - (Business Wire) Recently, the SEC and FASB issued a joint statement (1) 'clarifying' guidance on mark-to-market rules for valuing balance sheet assets in the current market environment. The new guidance essentially gives management ...

What John Lewis' attack on John McCain was really about, and Obama's ... - Los Angeles Times Blogs
With the number of preelection days dwindling and tempers rising, we had more of the predictable homestretch toing-and-froing over campaign attacks Saturday. Someone on Side A says something that Side B can seize upon and criticize to create a fight ...

McCain: 'Status Quo Is Not On the Ballot' - ABC News Blogs
At Bethlehem, Pa., today, Sen. John McCain, R-Ariz., told the crowd, "Status quo is not on the ballot. ... Sen. Obama and I both have differences with how President Bush has handled the economy." That's an important message for McCain to tell voters ...

Palin may have left Alaska, but she's not giving up her moose roots - Los Angeles Times Blogs
John McCain and Sarah Palin began their post-convention tour of battleground states today in the small Wisconsin town of Cedarburg. But although Palin's biggest task in the coming months will be trying win over the lower 48, she's not about to ...

October September August July June May April March February January ... - Nypress.com
Coming off their best-ever season and being ranked in the preseason polls for the first time in their history, it wouldn’t have surprised anyone if the No. 12 Rutgers Scarlet Knights came out a little overconfident versus lowly University of ...

Obama Buys Primetime Television Time Before Election - ABC News Blogs
ABC News' John Berman Reports: Barack Obama is ready for primetime. The Obama campaign has bought a half hour block of primetime television -- from 8-8:30pm ET -- on Wednesday, Oct. 29, on CBS, NBC, and MSNBC, according to television industry sources ...

The Woman Who Never Stopped Talking - Slate
Seventy-five years ago this week, on July 2, 1932, Franklin D. Roosevelt accepted the Democratic nomination for president and pledged "a new deal for the American people." He promised public works, agricultural price supports, new mortgage markets ...

On Fannie Mae and Freddie Mac, Bob Barr doesn't hold back - Los Angeles Times Blogs
Perhaps an issue has fallen into the lap of Bob Barr that will give his little-noticed presidential campaign some traction -- especially among libertarian-minded Ron Paul backers who have not exactly flocked to Barr's banner. The issue would be the ...

Mickey Kaus - Slate
Do "hate crime" laws lower racial tensions or raise them? I'm not sure it isn't the latter. In Long Beach, some black teenagers were convicted of beating three white women on Halloween "with a hate crime enhancement," according to the LAT . This ...

You won't believe where that $700-billion bailout figure came from - Los Angeles Times Blogs
Here's something that John McCain and Barack Obama and Sarah Palin and even longtime Washingtonian Joe Biden probably don't know. Not to mention Bob Barr , Ralph Nader and Ron Paul , who usually knows everything. It's a fascinating footnote to the ...

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