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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
Lewis And Clark mortgage rates news:
Financial News
Alleging fraud, authorities raid voter group ACORN's canvassers filled ... - Las Vegas Review Journal
State authorities on Tuesday raided an organization that registers low-income people to vote, alleging that its canvassers falsified forms with bogus names, fake addresses or famous personalities. The secretary of state's office launched an ...

10:27:10 PM - Spectator.org
Daniel Larison of The American Conservative takes issue with my taking issue with the conservative Palin critics. He feels pretty strongly she's an empty suit (empty skirt?). He thought her convention speech was substance-free and her debate ...

October September August July June May April March February January ... - Nypress.com
The hair bands of yesterday—Motley Crue, Poison, Whitesnake—ain’t got nothing on the biblically voluminous locks of Devendra Banhart and his posse of fabulously furry freak brothers, aka Spiritual Bonerz (at least for Thursday night's ...

Palin Defends Ayers’ Comments - ABC News Blogs
ABC News' Imtiaz Delawala Report: Republican vice presidential nominee Sarah Palin defended her charge that Sen. Barack Obama has been "palling around with terrorists," and disputed a characterization by the Associated Press that her remarks ...

Foreclosures in state trail national rates - Independent Record
Montana’s foreclosure rates remain lower than those in many parts of the country, and Lewis and Clark County isn’t seeing lots of foreclosures yet, but there are still signs to watch for trouble on the horizon, experts said Tuesday. Speaking at a ...

State loan agency MOHELA suffers first operating loss - St. Louis Business Journal
For the first time in its nearly 30-year history, the Missouri Higher Education Loan Authority (MOHELA) has suffered an annual operating loss. The state-chartered student loan agency lost $2.2 million in fiscal 2008, according to a preliminary ...

Crisis stings Portlanders - Portland Tribune
Portland-area residents have moved beyond worrying about the price of gas to fearing for their livelihoods, their mortgages, and their ability to pay for medical treatments, according to a new Portland Tribune/Fox 12 poll. Pollsters from Davis ...

Corrections and clarifications - Milwaukee Journal Sentinel
An article beginning on the front page of Wednesday's paper incorrectly stated that former Milwaukee Ald. Tom Nardelli joined the staff of Milwaukee County Executive Scott Walker in 2007 - a few weeks after leaving the Common Council. Nardelli was ...

Economist predicts better times ahead - Daily Interlake
Montana economic growth has slowed, according to First Interstate Bank’s chief consulting economist, but he foresees a turnaround next year. Garrett Cheen photo illustration/Daily Inter Lake No longer immune from the housing market and credit ...

11 TV Hill - Wbaltv.com
BALTIMORE -- WBAL-TV 11 continues to strengthen its brand of “Live, Local, Latebreaking” with the award winning news magazine program 11 TV Hill. Every Sunday beginning at 11:30am, 11 TV Hill takes viewers deeper into thought provoking news ...

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