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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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Columbia mortgage rates news:
Financial News
County not immune to rising foreclosures - Howard County Times
Howard County might be one of the wealthiest counties in the country, but it is also home to a growing number of mortgage foreclosures. The number of foreclosures in Howard has climbed every year since 2004, with 674 cases filed last year. There have ...

Rising Unemployment May Deepen US Housing Slump - CNBC
If the extraordinary and unpredictable haven’t completely crushed the housing market, the conventional and cyclical may yet finish the job. Much has been made of the popping of the real estate asset bubble and the entrenchment of the credit crunch ...

Three Fed Banks Sought Increase in Rate on Bank Loans in August - Bloomberg
Sept. 2 (Bloomberg) -- Federal Reserve directors in Chicago joined two other regional-bank boards in calling last month for an increase in the charge for direct loans to banks, citing a threat of rising inflation. The boards in Chicago, Dallas and ...

Three Fed Banks Sought an Increase in Discount Rate (Update1) - Bloomberg
Sept. 2 (Bloomberg) -- One-quarter of the Federal Reserve's regional district banks lobbied to raise the discount rate in July, signaling rising pressure to increase borrowing costs to banks even as economic growth slows. Citing a rising danger of ...

CWB Reports Solid Third Quarter Financial Results Marking 81 ... - CNW Group
Strong loan growth of 3% in the quarter and 10% year-to-date Record total revenues despite the significant impact of ongoing margin compression Quarterly dividend of $0.11 per common share declared >> EDMONTON, Sept. 4 /CNW/ - Canadian Western Bank ...

Shrum/McCain '08! - Slate
Model 3 is Born? Howie Kurtz notes the essential weirdness of McCain strategist Steve Schmidt's fury at the press: Normally, campaigns say they are angry at reporters who print stories without asking them for their side of the story. "A simple phone ...

Jobless Rate No Help to Home Sales - AOL
(Sep. 3) - If the extraordinary and unpredictable haven't completely crushed the housing market, the conventional and cyclical may yet finish the job. Much has been made of the popping of the real estate asset bubble and the entrenchment of the ...

Buzz: Anderson permit valuation falls, but Vineyards offer hope - Record Searchlight
If you need another sign of the slowing economy, look no farther than Anderson. Last week, the city announced it had canceled its Sept. 8 and Oct. 13 Planning Commission meetings. The reason? There aren't any projects to consider. And if things don't ...

GOP convention, Night Two - Atlanta Journal Constitution
Apparently, John McCain was a POW. I’ve always had deep respect for that part of his history, but like anything it can be overplayed to the point of parody. McCain campaign strategist Steve Schmidt told the Washington Post Tuesday that this ...

Rising sea levels threaten Metro Vancouver - Vancouver Sun
METRO VANCOUVER - The City of Richmond and Vancouver International Airport are at risk of being washed out as a result of rising sea levels, flooding and more frequent storm patterns, a climate researcher says. Ian Walker, of the University of ...

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