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

Clinton mortgage rates news:

The new, new brand of democratic politics - CNN Money
DENVER (Fortune) -- Sixteen years ago, Bill Clinton led his exiled party back to the White House by pointedly rejecting post-'60s liberalism and promised a "new brand of Democratic politics." But today, as the delegates convene here for their 2008 ...

In housing market, ‘hints of a bottom’ - MSNBC
Though home prices continued to fall in July, there are growing signs that — in some regions at least — the market may be stabilizing as lower prices lure some buyers off the sidelines. But a broad housing recovery faces stiff headwinds in the ...

August 2008 - Posts - MSNBC Firstread
Unlike last night, speakers at the Democratic convention this evening took off their gloves, attacking McCain and linking him to President Bush . Pennsylvania on the attack Although Clinton won Pennsylvania during the primaries and Gov. Ed Rendell ...

Brasch Words - American Reporter
BLOOMSBURG, Pa. -- President George W. Bush gazed into the cameras on a Tuesday morning in July and tried to assuage the fears of about 300 million Americans who believed they were in the middle of a recession. "The economy is growing," said the ...

Convention Q&A: Charles Rangel on Obama’s Policies, Biden and ... - Wall Street Journal
Aaron Rutkoff reports from Denver on the Democratic Convention. New York Democratic Rep. Charles Rangel (AP) The flight from New York to Denver feels like it flew out of some alternate universe where politics and tourism have switched places. The ...

Household incomes flat during Bush era - The Washington Times
The income of the typical American household has barely budged since 1999, while the U.S. poverty rate of 12.5 percent has stubbornly stayed above the recession level of 2001 and the number of Americans without health insurance has increased by 7.2 ...

Wall Street bailout aid questioned at Fed event - Kansas City Star
In this July 10, 2008, file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, before the House Financial Services Committee hearing on systemic risk and the financial markets. Federal Reserve Chairman Ben Bernanke ...

Election 2008: The Pocketbook Issues - NBC 30
So far the Presidential campaign has focused on foreign policy, immigration, health care, and, of course, the broader economy. But candidates Clinton, McCain, Obama, et al. are also being urged to tackle the financial issues that affect Americans ...

Party Platform, McCain Differ on Immigration, Climate (Update1) - Bloomberg
Aug. 26 (Bloomberg) -- The Republican Party released a draft of its 2008 platform that differs from candidate John McCain on issues including immigration, stem-cell research and climate change, while endorsing his ideas for economic growth and free ...

Can Democratic convention hide the parlous state of the US economy? - Times Online
With the herd-like instinct for which they are renowned, more than 15,000 of the world's media representatives have descended on Denver this week for the Obamafest that is this year's Democratic National Convention. This ought to worry thoughtful ...