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

Texas mortgage rates news:

Treasury Money Funds Shun New Investors to Protect Yields, Fees - Bloomberg
Dec. 4 (Bloomberg) -- Money-market mutual funds that buy mostly U.S. Treasuries are starting to turn away new investors as the lowest yields on government debt in 50 years pull down returns for shareholders and squeeze managers’ fees. At least ...

Ben Bernanke: Fresh Attack on Mortgage Rates - US News and World Report
Fed Chairman Ben Bernanke on Monday opened the door to another unconventional measure to lower mortgage rates: buying long-term Treasury bonds. In a speech in Texas Monday, the Fed chief said: Although conventional interest rate policy is constrained ...

Bernanke in Texas: Interest rate moves ‘limited’ - Houston Chronicle
Federal Reserve Chairman Ben S. Bernanke said he has “obviously limited” room to lower interest rates further and may use less conventional policies, such as buying Treasury securities, to revive the economy. The U.S. economy “will probably ...

Bushes buy a house in tony Dallas neighborhood - Reuters Blogs
Tags: Tales from the Trail: 2008 , Dallas , George W. Bush , Laura Bush , mortgage , Preston Hollow , real estate WASHINGTON - Moving day is less than seven weeks away for President George W. and Laura Bush and they have finally settled on a house in ...

Study: Dallas area at 'moderate' risk for widespread mortgage defaults - QuickDFW.com
The latest mortgage market measure gives the Dallas area a “moderate” risk of widespread mortgage defaults. San Francisco-based researcher First American CoreLogic rated the Dallas area 174 out of the 376 metropolitan areas it includes in its ...

Meyerson: Americans are already looking past Bush - Record Searchlight
As he prepares to move back to Texas, our 43rd president is the beneficiary of Bush fatigue. The nation has long since repudiated him. Americans are looking ahead to the promise of Barack Obama. And it's lucky for George W. Bush that they are ...

AP IMPACT: US diluted loan rules before crash - My West Texas
WASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...

Bernanke: more action needed to cut foreclosures - Salon
Dec 4th, 2008 | WASHINGTON -- Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Although a flurry of actions have ...

Ladera Ranch loses luster in mortgage crisis - Orange County Register
Mortgage brokers and real estate agents know a good deal when they see it. Many Realtors flocked to Ladera Ranch five to eight years ago, when it was Orange County's newest community. As the housing market has dived, so, too, has Ladera's luster. Its ...

Federal Reserve Chairman's Speech at Austin Chamber of Commerce - Newsblaze.com
It is a privilege for me to be here in Texas, and I would like to thank the Austin Chamber for hosting this luncheon. The Texas economy is strong and diversified, accounting for more than a trillion dollars of output last year. However, our nation ...