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.

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Clinton mortgage quotes news:

Conservatives dead wrong on the economy - Las Vegas Sun
Is the public aware that socialism is bailing out capitalism to the tune of $700 billion? The near collapse of the economy is the final verdict on the Republicans’ theory of trickle-down economics. We Democrats don’t want a socialist government ...

Some of the quotes from this speech include: - Huffingtonpost.com
"I would like somebody who knows about a bunch of stuff that I'm not as expert on. I think a lot of people assume that might be some sort of military thing to make me look more Commander-in-Chief-like. Ironically, this is an area--foreign policy is ...

John McCain Had the Advantage Several Times This Election, and Fate ... - US News and World Report
Politics ordinarily has a certain predictability. Yet presidential politics this year has often seemed to resemble what science writer James Gleick described in his book Chaos . "Chaos," he quotes one physicist as saying, "eliminates the Laplacian ...

Here's A Stunt for McCain - Slate
Does MSNBC (Olbermann et. al) really want Obama to win? Won't their ratings be higher in 2009 if they represent the angry opposition--as opposed to the disillusioned party in power? Just a thought. ... P.S.: This factor might cause them not to worry ...

Community Reinvestment Act had nothing to do with subprime crisis - BusinessWeek
Fresh off the false and politicized attack on Fannie Mae and Freddie Mac, today we’re hearing the know-nothings blame the subprime crisis on the Community Reinvestment Act — a 30-year-old law that was actually weakened by the Bush administration ...

Spam-buster earns $13 billion in awards - Quad-Cities Times
The biggest judgments in U.S. history against e-mail spammers occurred in Davenport’s federal courthouse, a record that likely will stand forever. Robert Kramer, of Clinton, has won nearly $13 billion in judgments in federal lawsuits filed against ...

O'S DANGEROUS PALS - New York Post
WHAT exactly does a "community organizer" do? Barack Obama 's rise has left many Americans asking themselves that question. Here's a big part of the answer: Community organizers intimidate banks into making high-risk loans to customers with poor ...

Kan. Senate candidates debate financial woes - Hays Daily News
Printer-friendly version Kan. Senate candidates debate financial woes Eds: UPDATES with details, quotes. ADDS byline. AP Photo By ROXANA HEGEMAN Associated Press Writer WICHITA, Kan. (AP) -- Republican Sen. Pat Roberts defended his vote against the ...

McCain, Obama clash on cause, cure for economic crisis - Denver Post
Oct 8: They're not scoring points by just talking talking points "Town hall," no follow-ups were wrong for dry debate Oct 7: Analysis: Obama gains, McCain seeks game-changer Debate quotes from McCain, Obama Fact check: Obama, McCain twist records ...

Obama calls mortgage plan bad for taxpayers - Knoxville News Sentinel
DAYTON, Ohio - Democrat Barack Obama told a campaign audience Thursday that Republican John McCain's mortgage buyout plan would cost taxpayers billions of dollars and reward bad behavior by lenders. Speaking in Dayton as he started a two-day bus tour ...