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

Wells mortgage loans news:

TREASURIES-Bonds mostly ease as investors wary of low yields - Reuters
NEW YORK, Dec 4 (Reuters) - U.S. Treasuries mostly eased on Thursday as investors balked at buying government debt after a recent price surge that pushed yields to the lowest in over 50 years. Losses were limited however by data showing the U.S ...

Fitch Affirms Wells Fargo's 'RMS1' RMBS Master Servicer Rating - Earthtimes
NEW YORK - (Business Wire) Fitch Ratings has affirmed Wells Fargo Bank, N.A.'s (Wells Fargo) U.S. residential master servicer rating as follows: --Master servicer at 'RMS1'. This rating action reflects Wells Fargo's extensive master servicing ...

A Rush Into Refinancing as Mortgage Rates Fall - The Ledger
The housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to entice new buyers. Click to enlarge Low rates enticed Javier and Irina Lattanzio to refinance ...

Countrywide to pay $13.5M in refunds, grants in North Carolina - Triangle Business Journal
Meadowview foreclosure prevention workshop planned California, Arizona take different approaches to fix mortgage mess Prudential to sell Wachovia Securities stake to Wells Fargo J.D. Power ranks SunTrust No. 1 for mortgage origination; Wachovia drops ...

A rush into refinancing as U.S. mortgage rates fall - International Herald Tribune
The U.S. housing market may finally be getting some relief, with lower mortgage rates already encouraging refinancing and Treasury officials considering ways to entice new buyers. Last week, the Federal Reserve announced that it would buy $500 ...

Fitch Updates Wachovia Bank's Resi Servicer Ratings; Remains on Rating ... - PR Inside
--The primary servicer rating for prime product updated at 'RPS2'; --The primary servicer rating for home equity/home equity line of credit (HE/HELOC) product updated at 'RPS2'. The ratings also remain on Rating Watch Evolving. Fitch's recently ...

Senator lambasts ‘subprime Scrooge’ - Financial Times
US Bancorp, a regional bank with a market capitalisation greater than Citigroup’s, was accused on Thursday of being a “subprime Scrooge” for its role in the housing crisis. Jeffrey Klein, New York state senator, criticised the bank and nine ...

Fitch Updates Universal's 'RMS2-' RMBS Master Servicer; Placed on ... - Earthtimes
NEW YORK - (Business Wire) Fitch Ratings has taken the following actions on Universal Master Servicing, LLC's (UMS) U.S. residential master servicer rating on Rating Watch Evolving as follows: --Residential master servicer rating updated at 'RMS2 ...

Risking the Country's Credit for Homeowners - Seekingalpha.com
I would like your opinion on an alternative to stimulate housing instead of the government meddling with rates to 4.5% and buying up loans from GSEs. It's such a bad idea and they are digging this country into a debt ridden hole. Why not tweak the ...

Wells Fargo Disputes State of Washingtonâ€™s Claims - PR Inside
Wells Fargo & Company (NYSE:WFC) said today it disputes the claims made by the Washington State Department of Financial Institutions (DFI) against the Company for its participation in the auction rate securities (ARS) market, and that it intends to ...