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Today's Mortgage Terms starting with O

Origination Fee:

Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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Miami refinance mortgage news:
Financial News
Mortgage application volume falls 6.2 pct - Miami Herald
WASHINGTON -- Mortgage application volume fell 6.2 percent during the week ended Nov. 14, according to the Mortgage Bankers Association's weekly application survey. The trade group's application index slipped to 398.6 during the week, down from 425 a ...

The Next Subprime Crisis Looms - FHA-Backed Loans - Free Internet Press
The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers - many of them the ...

Good News! Only $6 B. in Big CMBS Loans To Mature in '09 - New York Observer
PropertyShark. It's extraordinary what passes for good news these days! But here you have it. Commercial Mortgage Alert is reporting that only $6 billion worth of CMBS loans worth $50 million or more each will mature in 2009, a quantity that the ...

The Next Subprime Crisis Looms - Der Spiegel
Joseph McCloskey, a former director of FHA's single-family asset management branch, says workers reviewing lender applications have had difficulty for years tracking whether executives of previously disciplined mortgage firms were applying for new ...

When couples split, the home is a hot potato - Miami Herald
''When people are stuck in a house, so much gets put on hold,'' said Robin, the Boca Raton mediator. ``They are living in limbo. They are not really free to date other people.'' Fed up with the unexpected company, the wife finally agreed to sign over ...

Once again, the subprime wolves are on the prowl - WTOL-TV
As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers -- many of them the very sorts of firms that helped create the current financial crisis -- are going strong. Their new strategy: taking advantage of a long ...

Omens of the coming Real Estate Bubble? - Political Gateway
Florida Dec 28th (Political Gateway) - Back in May of this year (2005) I wrote a column about the housing bubble. My prediction was ‘after the new bankruptcy laws go into effect, it will start to burst.’ Was I right? First let me say, I am a Real ...

When couples split, no one wants the house - Palm Beach Post
When couples split, no one wants the house By BY MONICA HATCHER Miami Herald Staff Writer Monday, November 17, 2008 During the real-estate boom, couples who divorced would fight over who got the house, betting that the winner could get rich from ...

Obama Proposals May Benefit High-Earners - Street.Com
Even if you supported Barack Obama's voice for change, voted for him and are thrilled that he is our president-elect, you might be worried about your upcoming tax bill if you earn more than $250,000 as a family or $200,000 as a single person. Obama ...

Viewer Stories: Living Paycheck To Paycheck - WSB-TV Atlanta
The economy has caused my employer to cut me to a 3/4 worker, cutting my wages but still putting me above the line to qualify for underemployment. I've spent months searching for a new job without luck. I refuse to look beyond the tri-city area ...

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